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Please help. Accidentally short sold.
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Andrew
Master |
21-Oct-2008 22:42
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Just the number game of S$1000. a) 9 years of Singtel fixed line subcription. b) 33 parking fine - Without valid coupon Rule 13 c) 400 packs of econmical rice d) 66 roast ducks e) 50 packs of 10kg Mali Dom Rice f) 3.6 years of Singnet BroadBand 1Mbps plan g) 666 times of ERP Gantry Passing h) 1428 cans of Coke Soft Drink. i) 3333 kWh of electricity j) 10 months of Utilities Bill k) 85 months of Cheapest Mobile Plan - 200mins 500SMS 2G .......tire alredi....anyone to carry on....?? |
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sterny
Member |
21-Oct-2008 09:29
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Dun worry, crap happens. Made this mistake before. Just buy back immediately and take a small loss. no issues. | ||||
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idesa168
Elite |
20-Oct-2008 23:59
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Always always check your trade after you click ok to sell. It just happened to me 2 days ago when I oversold more then I wanted. Luckily it was 4.00pm and called my broker to check if the deal was done. I was advised to buy back back immediately or face penalty. Dun play play with SGX, they get easy kopi$$. | ||||
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Andrew
Master |
20-Oct-2008 23:52
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Did you ever fill up a "survey form" to describe about your investment style ? It is the same form which DBS and others are flipping for the Lehman MiniBond Fiasco..... Or just some setting issue ? When you sell, did you get a big Dialog Box about the 1K Kopi Money to SGX if you sell nothing ?
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Rustyhaster
Member |
20-Oct-2008 23:28
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bola_no1
Senior |
20-Oct-2008 23:06
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i shorted in iOCBC can leh. But must buy back same day.
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Eldarchen
Member |
20-Oct-2008 22:02
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If u shorted on internet trading, u can call your broker to appeal to see if sgx can waive the fine. or u can quickly go open a sblt a/c and ask your broker to loan u the shares the second way is the safest |
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Andrew
Master |
20-Oct-2008 21:58
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BTW, which brokage hse you are using ? There is no way to short in iOCBC easily.......I need to add fake portfilio to short. Trying to sell nothing will be cancelled... |
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Andrew
Master |
20-Oct-2008 21:48
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I think (5% of the contract value) minimum $1K + 2bids penalty + $30 charge + SGX Buyin charge... Go here for HOWTO appeal...
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leechongpeng
Senior |
20-Oct-2008 18:06
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Call your broker immediately. | ||||
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deividz
Member |
20-Oct-2008 18:01
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Accidentally short sold today. Genuine mistake. Will i still be fined? Can I appeal? What's the damage? |
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