| Latest Forum Topics / Others |
 Post Reply
|
|
short selling
|
|||
|
tinpeng
Member |
17-Nov-2008 08:38
|
||
|
x 0
x 0 Alert Admin |
Hi Dryrain86, If you short today, you have to buy back today, if not you will be fined. If you want to short and you dont want to cover back by today, u can use CFD, Put Warrants, SBL or ES(Coming soon). If you have further queries, you can email me tinpeng@hotmail.com. |
||
| Useful To Me Not Useful To Me | |||
|
dryrain86
Member |
17-Nov-2008 00:00
|
||
|
x 0
x 0 Alert Admin |
reading from friday's today papers, it says that SGX is going to fine people who short sell and cannot recover within 3 days. Is anyone able to enlighten me that so if i short sell today, must i buy back today or i got 3 days to buy back ? |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
Luostock
Senior |
07-Nov-2008 00:06
|
||
|
x 1
x 0 Alert Admin |
Previous Trading Day's Bought-In on November 5, 2008 SECURITY TOTAL QTY EXECUTED CURR TOTAL VALUE BIO-TREAT 4,348 S$ 439.15 BRC ASIA 50,000 S$ 5,250.00 CAPITACOMM 10,000 S$ 9,900.00 CAPITALAND 15,000 S$ 49,200.00 CHINA HONGX 5,000 S$ 1,225.00 COSCOCORP 10,000 S$ 9,450.00 DBS 3,000 S$ 35,940.00 EZRA 49,000 S$ 41,650.00 FIRST RESOURCES 10,000 S$ 3,700.00 FRASERSCOMM 10,000 S$ 2,840.00 GEN INT 85,000 S$ 36,125.00 GLD 10US$ 110 US$ 8,234.60 HIAP MOH 1,000 S$ 410.00 HL ASIA 32,000 S$ 24,544.00 HSI13200MBP81230 20,000 S$ 9,800.00 HSI16400MBC81127 172,000 S$ 51,600.00 HSI17600MBC81127 5,000 S$ 600.00 KEPLAND 11,000 S$ 26,950.00 KEPPELCORP 1,000 S$ 5,580.00 NOBLE GRP 19,000 S$ 20,900.00 NOL LTD 5,000 S$ 7,150.00 OCEANUS 200,000 S$ 42,000.00 PARKWAY HLDGS 2,000 S$ 3,740.00 SEMB CORP 2,000 S$ 5,660.00 SEMBMAR 39,000 S$ 84,240.00 SGX 11,000 S$ 62,810.00 STARHUB 10,000 S$ 22,900.00 STRAITS ASIA 15,000 S$ 18,450.00 UOL 3,000 S$ 6,030.00 WILMAR 22,000 S$ 61,600.00 WING TAI LTD 2,000 S$ 1,670.00 YANLORD 5,000 S$ 4,550.00 ====================================== TOTAL S$ 656,903.15 US$ 8,234.60
|
||
| Useful To Me Not Useful To Me | |||
|
OneSharer
Veteran |
29-Oct-2008 18:35
|
||
|
x 0
x 0 Alert Admin |
Buy-in T+1 – CDP more efficient than I thot! Tks AK for clarifying.
From now on, better count fingers again and again to avoid that $1K.
P.S. Enjoy reading your humorous postings. Keep up the cheerful attitude. |
||
| Useful To Me Not Useful To Me | |||
|
AK_Francis
Supreme |
29-Oct-2008 17:43
Yells: "Happy go lucky, cheers." |
||
|
x 0
x 0 Alert Admin |
If AK not mistaken, T+4 no existance. Failing to recover the same day: CDP will buy in for u next day, 11.30am, 2 bids higher than market price. However, if then the market price is lower than previous day closing price, including pre-closed period, then CDP uses the previous day closing price. $30 mandatory clearing fee. GST applies. 5% fine on the proceed or $1000, whichever is higher. CDP dun give u free medication, if u headache. Check with your TR, for more details on your respective broking house. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
OneSharer
Veteran |
29-Oct-2008 14:43
|
||
|
x 0
x 0 Alert Admin |
So, it is now SGX buy-in tomorrow and not T+4, is it? I thot $1,000 fine only if shorted unsuccessfully (i.e. counter go higher instead of lower than sell price). But then I heard either way need to come up w/ the $??
|
||
| Useful To Me Not Useful To Me | |||
|
ekekeg
Veteran |
29-Oct-2008 14:32
|
||
|
x 0
x 1 Alert Admin |
Short selling these few years were good profit making strategies. Five years back difficult because if you sell short, "they" tended to mark your account and go after you. You short at $1.00, you will see the share price go to $1.10 within seconds. Now if you short, "they" will join you to short more. Make your own decision and understand your own risk appetite. | ||
| Useful To Me Not Useful To Me | |||
|
dryrain86
Member |
29-Oct-2008 14:11
|
||
|
x 0
x 0 Alert Admin |
Now with the market dropping everyday. short selling would be a good choice on a short term to earn something out of the bear ? |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
idesa168
Elite |
29-Oct-2008 13:52
|
||
|
x 0
x 0 Alert Admin |
Borrowing script is like trading with Margin Account. First you need to open an CFD account. This account will give you the rights to buy and sell, of course brokerage is high! More info can be found in all Securities Web portal or SGX.
|
||
| Useful To Me Not Useful To Me | |||
|
dryrain86
Member |
29-Oct-2008 13:41
|
||
|
x 0
x 0 Alert Admin |
oh ok thanks. how to borrow so that it can last for a few days ? | ||
| Useful To Me Not Useful To Me | |||
|
idesa168
Elite |
29-Oct-2008 12:49
|
||
|
x 0
x 0 Alert Admin |
Short selling and cover back at the end of the day is fine. However if short and did not cover at the end of the day due to overlook, or counters halt trading, then there will be a fine of $1000 + 5% brokerage. SGX will buy back tomorrow for u at tomorrow's price. | ||
| Useful To Me Not Useful To Me | |||
|
ekekeg
Veteran |
29-Oct-2008 12:44
|
||
|
x 0
x 0 Alert Admin |
No, singapore no ban and no discourage short selling. Only you borrow shares to short sell and then buy back few days later. If you no borrow shares, you short today, you buy today then no problem. But you short sell today you buy back tomorrow you have problem, fine you some money. | ||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
dryrain86
Member |
29-Oct-2008 11:36
|
||
|
x 0
x 0 Alert Admin |
may i enquire, since singapore had already ban short selling in the market. what does it mean when people talk about shorting ? is there any loopholes that still allows short selling ? eg: sell and buy within a day ? pardon me for my ignorance |
||
| Useful To Me Not Useful To Me | |||