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<p>[QUOTE="medoraman, post: 1173440, member: 26302"]Well, for something like bullion, I would not begrudge a cancellation fee. Think of it this way, you place an order at $40. Now the market goes up, do you expect the company to honor the price? Of course you do, you consider it YOUR profit. Now the market goes down, do you expect the company to lower the price? Shouldn't it be YOUR loss as well? I just think whichever approach you believe is fair in a rising market should be fair in a declining one. If the time lag profit is yours, so should the loss. They cannot stop you from cancelling the order, but a "restocking fee" or "order cancellation" fee is a way for them to claw back that loss you are asking them to take. In this scenario I think they are justified, however if the market is unchanged and they still want to charge me that fee, I would stop doing business with them.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1173440, member: 26302"]Well, for something like bullion, I would not begrudge a cancellation fee. Think of it this way, you place an order at $40. Now the market goes up, do you expect the company to honor the price? Of course you do, you consider it YOUR profit. Now the market goes down, do you expect the company to lower the price? Shouldn't it be YOUR loss as well? I just think whichever approach you believe is fair in a rising market should be fair in a declining one. If the time lag profit is yours, so should the loss. They cannot stop you from cancelling the order, but a "restocking fee" or "order cancellation" fee is a way for them to claw back that loss you are asking them to take. In this scenario I think they are justified, however if the market is unchanged and they still want to charge me that fee, I would stop doing business with them. Chris[/QUOTE]
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