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XiaoMaGe888
    17-Oct-2008 16:10  
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Caution!!!!!!!!! US Future crazy again..

S&P 500 -10.50 930.50 10/17 3:56am S&P 500 FUTURES
Fair Value 948.15 10/16 10:00pm
Difference* -17.65
NASDAQ -23.00 1300.00 10/17 3:45am NASDAQ FUTURES
Fair Value 1320.13 10/16 10:00pm
Difference* -20.13
Dow Jones -123.00 8843.00 10/17 3:56am
DJIA Contracts
 
 
ekekeg
    17-Oct-2008 12:37  
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Yes, without arranging for borrowing you can still short and buy back same day, but you take this risk of being penalised if some problems arise.  I prefer managing this risk by borrowing first.  It costs avg $5 perday for $15K of scrips, that's ok if I can make a profit.

 

Anyway thanks Xiaomage.



XiaoMaGe888      ( Date: 17-Oct-2008 12:31) Posted:

some securities firm no need to borrow u can just sell first and buy back at the same day.must check ur remisier

ekekeg      ( Date: 17-Oct-2008 12:05) Posted:

Yes, if you sell first, you must still borrow as I previously mentioned though you can side step the rules with taking the various risks and be penalised.  But if you buy first, then you can sell same day effectively contra-ing the position without any fuss.

Recently whenever you sell, some online brokerages will pop up a screen to warn you that you cannot short the share if you don't own it.

You will notice that when you buy, they no longer allow you to click the "contra" box if you want to buy to set off the sell position.



 
 
XiaoMaGe888
    17-Oct-2008 12:31  
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some securities firm no need to borrow u can just sell first and buy back at the same day.must check ur remisier

ekekeg      ( Date: 17-Oct-2008 12:05) Posted:

Yes, if you sell first, you must still borrow as I previously mentioned though you can side step the rules with taking the various risks and be penalised.  But if you buy first, then you can sell same day effectively contra-ing the position without any fuss.

Recently whenever you sell, some online brokerages will pop up a screen to warn you that you cannot short the share if you don't own it.

You will notice that when you buy, they no longer allow you to click the "contra" box if you want to buy to set off the sell position.



leechongpeng      ( Date: 17-Oct-2008 11:49) Posted:

What is buy and sell on the same day? Do you still have to borrow


 

 
ekekeg
    17-Oct-2008 12:05  
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Yes, if you sell first, you must still borrow as I previously mentioned though you can side step the rules with taking the various risks and be penalised.  But if you buy first, then you can sell same day effectively contra-ing the position without any fuss.

Recently whenever you sell, some online brokerages will pop up a screen to warn you that you cannot short the share if you don't own it.

You will notice that when you buy, they no longer allow you to click the "contra" box if you want to buy to set off the sell position.



leechongpeng      ( Date: 17-Oct-2008 11:49) Posted:

What is buy and sell on the same day? Do you still have to borrow?

ekekeg      ( Date: 17-Oct-2008 11:08) Posted:

To sell you must own the stock or have first borrowed the shares in your account, or else you are naked short which is subject to penalty.  You cannot buy back the next day to cover the short.  The exchange will cover for you plus penalty..



 
 
XiaoMaGe888
    17-Oct-2008 11:58  
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U have to check with ur remisier,if u can short u have to buy back same day .

leechongpeng      ( Date: 17-Oct-2008 11:49) Posted:

What is buy and sell on the same day? Do you still have to borrow?

ekekeg      ( Date: 17-Oct-2008 11:08) Posted:

To sell you must own the stock or have first borrowed the shares in your account, or else you are naked short which is subject to penalty.  You cannot buy back the next day to cover the short.  The exchange will cover for you plus penalty..



 
 
leechongpeng
    17-Oct-2008 11:49  
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What is buy and sell on the same day? Do you still have to borrow?

ekekeg      ( Date: 17-Oct-2008 11:08) Posted:

To sell you must own the stock or have first borrowed the shares in your account, or else you are naked short which is subject to penalty.  You cannot buy back the next day to cover the short.  The exchange will cover for you plus penalty..



leechongpeng      ( Date: 17-Oct-2008 11:02) Posted:

I am using POEM. Do they allow sell first in the morning then buy back later. What if price go higher, can buy back next day


 

 
AK_Francis
    17-Oct-2008 11:46  
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Yesterday, players alrdy collected their share of profit liao. I guess they will return to the table next week. We small retail investers can't win them loh. If got a bit of kopi $, heng alrdy.
 
 
jng1103
    17-Oct-2008 11:40  
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ya... i missed the boat ($0.705)... what about today? this counter sentiments not good leh...

0205 GMT [Dow Jones] Forward curve doesn't offer any clues to possible rebound in Baltic Dry Index, which down another 6.7% overnight, says Imarex. "One of these days these numbers (forward freight agreements) will show promise - though today is not that day. More reports of falling ore prices and declining demand for steel can be readily found. Until that changes - I don't expect to see the futures shine any uplifting light on the (dry bulk) sector," says analyst in report. On bright side, Imarex says reports of Capesize ships being laid up in port, while obviously reflecting market weakness, are "part of the self-correcting mechanism that shipping markets - and all markets - possess."(JAC)



cyjjerry85      ( Date: 16-Oct-2008 23:49) Posted:

jng1103...ah...if u set ur targeted price at 2 bids higher...u will have reaped big gains within the day...

lowest intra day at $0.705 ...just one bid of ur target



jng1103      ( Date: 16-Oct-2008 15:39) Posted:

No $0.70 No BUY... (today) Smiley


 
 
crimson
    17-Oct-2008 11:21  
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Anyone can advise what's the next lower support price for this counter? Thx!
 
 
alanwong12345
    17-Oct-2008 11:13  
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With the new restriction on short selling. ppl like us just stay and watch..



yongk666      ( Date: 17-Oct-2008 11:08) Posted:

Must have CFD acct,, then can short sell,, my reminser told me. CFD got counters for short sell

 

 
ekekeg
    17-Oct-2008 11:12  
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But you can sell and buy back same day. This is still against the rule (tho you can beat it), and is dangerous because something might happen, e.g. short circuit in internet, computer downtime at the broker or exchange, or your buy limit is up and you cannot trade.
 
 
yongk666
    17-Oct-2008 11:08  
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Must have CFD acct,, then can short sell,, my reminser told me. CFD got counters for short sell
 
 
ekekeg
    17-Oct-2008 11:08  
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To sell you must own the stock or have first borrowed the shares in your account, or else you are naked short which is subject to penalty.  You cannot buy back the next day to cover the short.  The exchange will cover for you plus penalty..



leechongpeng      ( Date: 17-Oct-2008 11:02) Posted:

I am using POEM. Do they allow sell first in the morning then buy back later. What if price go higher, can buy back next day?

XiaoMaGe888      ( Date: 17-Oct-2008 10:56) Posted:

Not all the securities co


 
 
leechongpeng
    17-Oct-2008 11:02  
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I am using POEM. Do they allow sell first in the morning then buy back later. What if price go higher, can buy back next day?

XiaoMaGe888      ( Date: 17-Oct-2008 10:56) Posted:

Not all the securities co.

leechongpeng      ( Date: 17-Oct-2008 10:55) Posted:

Isn't this not allow for short selling?


 
 
crimson
    17-Oct-2008 10:59  
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Thanks for the inputs, and wise cautions!

ekekeg      ( Date: 17-Oct-2008 10:53) Posted:

Agreed. Never trust the motives of the analysts. But if they want to slash the price, we follow for one day short only.  If they want to push the price, we buy in morning and sell before close.

XiaoMaGe888      ( Date: 17-Oct-2008 10:49) Posted:



If the securities co. want to sell the counter there will upgarde,if want to buy there will downgrade.

So trade with care.Dun trust those Smiley



 


 

 
XiaoMaGe888
    17-Oct-2008 10:56  
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Not all the securities co.

leechongpeng      ( Date: 17-Oct-2008 10:55) Posted:

Isn't this not allow for short selling?

 
 
leechongpeng
    17-Oct-2008 10:55  
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Isn't this not allow for short selling?
 
 
XiaoMaGe888
    17-Oct-2008 10:55  
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Dun forget it will SUSP,like FerroChina so must be very careful.

ekekeg      ( Date: 17-Oct-2008 10:53) Posted:

Agreed. Never trust the motives of the analysts. But if they want to slash the price, we follow for one day short only.  If they want to push the price, we buy in morning and sell before close.

XiaoMaGe888      ( Date: 17-Oct-2008 10:49) Posted:



If the securities co. want to sell the counter there will upgarde,if want to buy there will downgrade.

So trade with care.Dun trust those Smiley



 


 
 
ekekeg
    17-Oct-2008 10:53  
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Agreed. Never trust the motives of the analysts. But if they want to slash the price, we follow for one day short only.  If they want to push the price, we buy in morning and sell before close.

XiaoMaGe888      ( Date: 17-Oct-2008 10:49) Posted:



If the securities co. want to sell the counter there will upgarde,if want to buy there will downgrade.

So trade with care.Dun trust those Smiley



 

 
 
XiaoMaGe888
    17-Oct-2008 10:49  
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If the securities co. want to sell the counter there will upgarde,if want to buy there will downgrade.

So trade with care.Dun trust those Smiley



 
 
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