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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
18-Dec-2008 12:29
Yells: "Happy go lucky, cheers." |
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STI n HSI now are in red. Hope pm will improve if not hold on loh. Lunch time liao. Good day. |
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moneytalk.sg
Member |
18-Dec-2008 12:28
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There will be penalties definitely if one does not cover back the short position on the same day one opens the short position. But I'm not that sure which day the penalty will be effected technically.
Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.
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richtan
Supreme |
18-Dec-2008 12:07
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Hopefully, it is not a lame bull (or should be Bush) or limping paper bull but a Obama raging bull 
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Laulan
Master |
18-Dec-2008 11:40
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Ponzi scandal hits GE owned by OCBC., but this bank still showing green. I think the ponzi thing is not a big matter. The market is just experiencing profit taking from the last weeks rise. Should be rallying as the year draws to a close. Chinese New Year hot on the heels of Christmas. This Lunar New Year 2009 happens to be the year of the BULL. | ||||
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iPunter
Supreme |
18-Dec-2008 11:35
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This is the "Top Post of the Day"... hehehe... 
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AK_Francis
Supreme |
18-Dec-2008 11:34
Yells: "Happy go lucky, cheers." |
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vol traded merely 340m min ago. GE kena Ponzi Scheme, who next? Counting down to X'mas n New Year!! |
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Laulan
Master |
18-Dec-2008 11:29
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I believe all institutional investors have gone to their institution. Heehee | ||||
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OneSharer
Veteran |
18-Dec-2008 11:27
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For those who may be interested: SGX SEEKS PUBLIC VIEWS TO ENHANCE TRANSPARENCY IN SHORT SELLING ACTIVITIES http://info.sgx.com/webnewscentre.nsf/b9c790d0d5ba5d2548256dcf0049ce28/48256838002f07b14825750e0038205a?OpenDocument Ddline Mon, 22 Dec 08. |
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iPunter
Supreme |
18-Dec-2008 11:24
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It is reality... it is not a game... it is a market... it is life... hehehe...
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arowana1
Member |
18-Dec-2008 10:14
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iPunter, agree with what you said. my opinion stems from the feel that the stock market has deviated from its original intent. financial firms have always been smart and fast to look for avenues to generate more income and what the stock market is today, is nothing more than a casino. it will eventually blow up, as what we saw with the naked shorts but more to come? cfd, hedging etc is like someone created a game where players come in to play and winner gets the money, something like the game monopoly. |
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tanglinboy
Elite |
18-Dec-2008 09:11
Yells: "hello!" |
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Volume is so low. Only 45million so far. | ||||
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crimson
Senior |
17-Dec-2008 23:25
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So the penalty which SGX have imposed on naked short will only be effected at the end of 3rd day? I originally thot will be penalised at the end of 1st trading day itself if not covered?
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moneytalk.sg
Member |
17-Dec-2008 23:05
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If you sell and buy back on the same day, it's not a naked short. A naked short is when you sell but you don't buy back on the same day. SGX will buy back for you a 3 days later and you will need to pay penalties. Blogging at moneytalk.sg on the stock market, ETF and anything to do with money. |
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crimson
Senior |
17-Dec-2008 22:35
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Hi, i'm kinda of confuse, kindly help to clarify: When they say nake short... is when (using cash account), i sell first (without owning any of the stock), and then buy it back later right? But wat if I sell and buy back within the same trading day? Is this still consider as nake short? Or is naked short referring to not covering (buying) back at end of trade day? Thanks
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tweety
Member |
17-Dec-2008 22:10
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Views and research recommendations are available at www.onlinetrading-hub.com |
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Luostock
Senior |
17-Dec-2008 21:36
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To me, shorting n hedging is created out of no substance, but angmo's way of creating more business for brokers and interest for the lender etc. Then 1 day they find that this may not create enough business, they will start a fund to fund shorting, fund to fund a fund of shorting and so on .... until the another bubble burst like Lehmann and etc. Multi-level shorting and interest. | ||||
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iPunter
Supreme |
17-Dec-2008 20:58
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Shorting (ie. borrowing scripts to sell for a profit) is in essence much the same as hedging if one expects prices to fall later on. And such selling is sound business strategy too. Of course naked shorts should be banned as now, since it also promotes frivolous selling activity. |
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lookcc
Master |
17-Dec-2008 20:17
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is it right for any person to sell something which he does not own???? not vested yet, but still feel such practice need be stopped. | ||||
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ShareJunky
Member |
17-Dec-2008 18:13
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One of the main. reason ( as heard from a few so called "trading experts" on CNBC ) for NOT banning shorting is that it enables "transparency or discovery of price" Can anyone care to explain how this mechanism works ? ( if it works at all! ) |
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iPunter
Supreme |
17-Dec-2008 17:25
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Arowana... :) I see you are well-schooled in the rudiments of companies. And you are right what you said.. But we are here not talking about companies per se. We are talking about the stock market where buying and selling of stocks take place. And this buying and selling activity can have quite an amazingly independent existence from the companies of which it is formed. People buy and sell for various reasons, including the way they think a particular company is good or bad or whatever. And most importantly for investors to know, people can also sell a stock if they think it is going to fall later. And by the way, the stock market is not a place for companies to raise public funds for a company. Fund are raised through a public issue through the media, etc. Thereafter, if the response is good, the stock will be listed for trading on the stock exchange (ie. stock market)...  |
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