Not really just one borker. Look at UOBKH. They have nearly 100 restricted counters. Better shut down the whole Singapore market by restricting every single counter. Lol.
Peter_Pan ( Date: 29-Oct-2013 14:28) Posted:
think they lost big on asia blue lion..
Octavia ( Date: 29-Oct-2013 14:24) Posted:
Cash Up-Front Buying for 11 Counters (AmFraser Securities)
with effect from 29 Oct 2013, Tuesday,   the following counters will be subject to cash up-front buying only, i.e. only clients who have cash in their trust accounts will be allowed to buy the counters. (1)   Blumont (2)   Asiasons (3)   LionGold (4)   LionGold w (5)   Tritech (6)   Mirach (7)   ISDN (8)   Innopac (9)   Skyone (10)   Swee Hong (11)   Hankore there will be no internet trading (buy & sell) for the above counters.
Cash Up-Front Buying for 11 Counters (AmFraser Securities)
with effect from 29 Oct 2013, Tuesday,   the following counters will be subject to cash up-front buying only, i.e. only clients who have cash in their trust accounts will be allowed to buy the counters. (1)   Blumont (2)   Asiasons (3)   LionGold (4)   LionGold w (5)   Tritech (6)   Mirach (7)   ISDN (8)   Innopac (9)   Skyone (10)   Swee Hong (11)   Hankore there will be no internet trading (buy & sell) for the above counters.
Cash Up-Front Buying for 11 Counters (AmFraser Securities)
with effect from 29 Oct 2013, Tuesday,   the following counters will be subject to cash up-front buying only, i.e. only clients who have cash in their trust accounts will be allowed to buy the counters. (1)   Blumont (2)   Asiasons (3)   LionGold (4)   LionGold w (5)   Tritech (6)   Mirach (7)   ISDN (8)   Innopac (9)   Skyone (10)   Swee Hong (11)   Hankore there will be no internet trading (buy & sell) for the above counters.
SINGAPORE DAYBOOK: Straits Trading, ARA Asset, Bond Auction
ARA Asset Management (ARA SP) and Straits Trading agreed to jointly invest in property. Straits Trading will acquire a 20.1 percent stake in ARA for S$294.4 million from Li?s Cheung Kong Investment Co. and ARA Chief Executive Officer John Lim in cash and shares, according to statement. ... WHAT TO WATCH: * Straits Trading (STRTR SP) lifts trading halt at 830am in Singapore * ARA Asset Management (ARA SP) lifts trading halt at 830am in Singapore * Singapore Exchange (SGX SP) introducing Asian foreign exchange futures for deliverable and non-deliverable Asian currencies from Nov. 11 * OKP Holdings (OKP SP) 3Q net S$288,000 vs S$2.4m * King Wan Corp. (kwan SP) wins S$26m worth of new M& E contracts order book S$168.9m worth M& E contracts * Boustead Singapore (BOCS SP) unit gets design-build-and- lease contract * ST Engineering (STE SP) unit gets line maintenance contract from Jetstar Asia * Healthway Medical (HMED SP) 3Q net S$10.1m vs S$1.1m * Tee International (TEE SP) signing of conditional letter of intent for S$142m package
MARKETS: * S& P 500 up 0.1% to 1,762.11 * Stoxx Europe 600 down to 319.49 * MSCI Asia Pacific up 0.9% to 142.62 * Straits Times Index rose 0.1% to 3,207.85
ECONOMY: * Singapore plans to sell S$4 billion of 364-day bills
Risktaker sifu as u mentioned u also know these three counters are not dollar value. Even ah gong like me also know blumont is not a 2 dollar company. Those kena affected sorry to say no one to blame except their greed n them forgetting market is a hungry beast. Thats why i only played contra a handful of times niah n never lately. Hope retail exposure not so big. Thanks for e sec wave of selling. Makes sense n learn something.
risktaker ( Date: 29-Oct-2013 07:46) Posted:
After all these bloodly selling in penny... one must understand....how did it happen.....
1) Blumont, liongold, asiason was pushed up by traders or funds....is it manipulated ? If it is why lifted its suspension and designated status? Now because certain people wanted to MAS/SGX to do something isnt it too late when the damage has been done? How do u manipulated a billion dollar company.... teach me pls....it happen before to creative before the tech burst... go check what is it trading at....
2) when traders or funds incurred losses on these stocks and to repay the losses they sell other stocks holding... this lead to another wave of selling....example skyone... a brokerage house deny margin to these counters overnight resulted a drastic drop in price....is it fair ? When a counter suddenly become non margin counter overnight....who could be the potential gain in these exercise? Those who know its gonna be non margin.. and who can that be? When a brokerage firm has high margin exposure to these counter... they should allow their clients to reduce their exposure .... something is not regulated here....some brokerage suka suka designate counters .....some people are ripping profits out of others.... as they have control.... why did the 3 counters suspended when it drop 60% and skyone drop 90% was not suspended..... is there a double standard ?
How come i can sense hatred here against these 3 counters? It doesnt have valuation when its trading high... but at these price one can consider to invest... with extra money that can live without....nothing with against them .... but always be safe.....even though price is attractive...with this saga you will prob end up as a mid to long term investors....6months and above
the market is greed...even me know that these 3 counters doesnt have the dollar value back then.... so the funds and the traders know too..... but what does a trader do for a living... they trade the trend.... when there are buyer.... u buy....when there are seller u sell.... so with all these untrue rumour spreading in the market.... funds unwind position ..... when funds unwind traders sell or short.... there is nothing wrong with it..... i personally feel that if the guys up there handle it properly.... and not suspend the counter, these counter would not have fallen so much when it closed..... something is not right... with the valuation true... but one should consider the fact that this is a stock market if u let it trade as it is.... one can still cut loss.... if u suspend it.... people will only die by it.... as they cant do anything.....
Great power comes with great responsibility. We are trading to meet our ends.... every trade is a battle.... our stock market sentiment is terrible now even US index is trading multi year high.... well done to the person who started this saga as he has destroyed many people life overnight.....because i have hear there are people losing everything.... what are u thinking?
Gone are the days where people looked towards next year when building their portfolios, or five years down the road as they approach retirement. Now from a combination of apprehensiveness and shear paranoia in our unstable markets, investors are looking only as far as they can throw for their personal investment decisions. In more than 30 years of money management, Lance Roberts has never seen such a rapid change in the way people make financial plans. Instead of saving for the future, many are opting for fast gains - yet at the same time they want low risk. Others are playing it completely safe. In fact, in a quarterly poll, 83% of respondents said they were holding on to their cash versus investing in the stock market. While we try to find that path to recovery among failed policies, investors are going to continue to gauge their risks and develop a new type of strategy to adapt to an extremely unclear future.
Hope the market returns to its fundamental objective, a place for investment and a place where appraised and creditable businesses are provided with a venue not just to make money but also to provide jobs for Singaporeans in addition to be able to contribute to our country's economy in finance and infrastructures.
Bearing in mind that everyone needs to ensure that our system of doing transparent transactions is always our paramount national objective.   Watchdogs must be seen to be doing the right things, without their actions being detrimental or seen to be damaging to the credibility of our rules and regulations that are moulded to give transparency and fair play.
Hopefully, we can see a more rational market in Singapore after this present saga.   Penny stocks are already pushed to their lowest valuations.   There should be no excuse for any further fear for trading in penny stocks.
I am also hopeful that the stock exchange will learn a lesson from the past weeks, and carry out its duties as per normal from now on.
Well said. Thanks.
Sharks are in the water and there are blood all around us. If we look down under us in the dark water.... we don't know when and where is the next attack... In our mind.... Fear.
risktaker ( Date: 29-Oct-2013 07:46) Posted:
After all these bloodly selling in penny... one must understand....how did it happen.....
1) Blumont, liongold, asiason was pushed up by traders or funds....is it manipulated ? If it is why lifted its suspension and designated status? Now because certain people wanted to MAS/SGX to do something isnt it too late when the damage has been done? How do u manipulated a billion dollar company.... teach me pls....it happen before to creative before the tech burst... go check what is it trading at....
2) when traders or funds incurred losses on these stocks and to repay the losses they sell other stocks holding... this lead to another wave of selling....example skyone... a brokerage house deny margin to these counters overnight resulted a drastic drop in price....is it fair ? When a counter suddenly become non margin counter overnight....who could be the potential gain in these exercise? Those who know its gonna be non margin.. and who can that be? When a brokerage firm has high margin exposure to these counter... they should allow their clients to reduce their exposure .... something is not regulated here....some brokerage suka suka designate counters .....some people are ripping profits out of others.... as they have control.... why did the 3 counters suspended when it drop 60% and skyone drop 90% was not suspended..... is there a double standard ?
How come i can sense hatred here against these 3 counters? It doesnt have valuation when its trading high... but at these price one can consider to invest... with extra money that can live without....nothing with against them .... but always be safe.....even though price is attractive...with this saga you will prob end up as a mid to long term investors....6months and above
the market is greed...even me know that these 3 counters doesnt have the dollar value back then.... so the funds and the traders know too..... but what does a trader do for a living... they trade the trend.... when there are buyer.... u buy....when there are seller u sell.... so with all these untrue rumour spreading in the market.... funds unwind position ..... when funds unwind traders sell or short.... there is nothing wrong with it..... i personally feel that if the guys up there handle it properly.... and not suspend the counter, these counter would not have fallen so much when it closed..... something is not right... with the valuation true... but one should consider the fact that this is a stock market if u let it trade as it is.... one can still cut loss.... if u suspend it.... people will only die by it.... as they cant do anything.....
Great power comes with great responsibility. We are trading to meet our ends.... every trade is a battle.... our stock market sentiment is terrible now even US index is trading multi year high.... well done to the person who started this saga as he has destroyed many people life overnight.....because i have hear there are people losing everything.... what are u thinking?
After all these bloodly selling in penny... one must understand....how did it happen.....
1) Blumont, liongold, asiason was pushed up by traders or funds....is it manipulated ? If it is why lifted its suspension and designated status? Now because certain people wanted to MAS/SGX to do something isnt it too late when the damage has been done? How do u manipulated a billion dollar company.... teach me pls....it happen before to creative before the tech burst... go check what is it trading at....
2) when traders or funds incurred losses on these stocks and to repay the losses they sell other stocks holding... this lead to another wave of selling....example skyone... a brokerage house deny margin to these counters overnight resulted a drastic drop in price....is it fair ? When a counter suddenly become non margin counter overnight....who could be the potential gain in these exercise? Those who know its gonna be non margin.. and who can that be? When a brokerage firm has high margin exposure to these counter... they should allow their clients to reduce their exposure .... something is not regulated here....some brokerage suka suka designate counters .....some people are ripping profits out of others.... as they have control.... why did the 3 counters suspended when it drop 60% and skyone drop 90% was not suspended..... is there a double standard ?
How come i can sense hatred here against these 3 counters? It doesnt have valuation when its trading high... but at these price one can consider to invest... with extra money that can live without....nothing with against them .... but always be safe.....even though price is attractive...with this saga you will prob end up as a mid to long term investors....6months and above
the market is greed...even me know that these 3 counters doesnt have the dollar value back then.... so the funds and the traders know too..... but what does a trader do for a living... they trade the trend.... when there are buyer.... u buy....when there are seller u sell.... so with all these untrue rumour spreading in the market.... funds unwind position ..... when funds unwind traders sell or short.... there is nothing wrong with it..... i personally feel that if the guys up there handle it properly.... and not suspend the counter, these counter would not have fallen so much when it closed..... something is not right... with the valuation true... but one should consider the fact that this is a stock market if u let it trade as it is.... one can still cut loss.... if u suspend it.... people will only die by it.... as they cant do anything.....
Great power comes with great responsibility. We are trading to meet our ends.... every trade is a battle.... our stock market sentiment is terrible now even US index is trading multi year high.... well done to the person who started this saga as he has destroyed many people life overnight.....because i have hear there are people losing everything.... what are u thinking?
North and South American markets finished broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.70% while Mexico's IPC is up 1.11% and U.S.'s S& P 500 is up 0.13%.
I meant international air space above no man's land.Abe wants to shoot down and China has warned about it.
new6ie ( Date: 28-Oct-2013 16:52) Posted:
Not really ending, but sufferings will be inflicted on many when Japan fires the first shot at any air planes legitimately hovering in international waters. The first shot will be the last shot for peace in Asia and hope any conflict will not be a prolonged one. Otherwise we in Sg will be more hard hit than most as we would be short of food.
Not really ending, but sufferings will be inflicted on many when Japan fires the first shot at any air planes legitimately hovering in international waters. The first shot will be the last shot for peace in Asia and hope any conflict will not be a prolonged one. Otherwise we in Sg will be more hard hit than most as we would be short of food.