| Latest Forum Topics / Others |
 Post Reply
|
|
UOB KayHian ban online trading penny stock
|
|||
|
Calculation
Senior |
23-Oct-2009 04:47
|
||
|
x 0
x 1 Alert Admin |
I find the broker's ban a bit illogical. $25 commission per transaction is not a small value if the volume is high. If the brokerage firm is willing to relocate its office to Newton next week just to save office rental, what sense does it make to throw away revenue (however small) which contributes to its bottom-line? |
||
| Useful To Me Not Useful To Me | |||
|
niuyear
Supreme |
22-Oct-2009 10:55
|
||
|
x 0
x 0 Alert Admin |
Point no. 2 - I never know that these 'Money Maker of the market' fearful and dislike on-line traders......LOL. All it takes is just get couple of hundred of 'paid' on-line traders disturb the strategy...
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartist2009
Member |
21-Oct-2009 22:52
|
||
|
x 0
x 1 Alert Admin |
for my concerns:- 1. can not trade thru online, means we need broker to buy and sell to pay higher comm? 2. normally "market makers" don't like online trader, because they don't know what is the next step online trader will take to interfere their strategy, especially for penny stock. there will be more online traders playing it. after ban this online trading on penny stock, "market maker" will be more easy to control and earn money from public? 3. how they judge what price range treat as "penny stock"? today they can put 3 or 4 stocks under their banning list. tomorrow will they adding 10 to 20 stocks under their list? 4. normally market will become "chaos", buy up or sell down with large amount of share is done by "market maker" not trader. after this policy, when ppl like u and me saw there have institute throws million unit shares, we need to call and inform broker and waiting broker alloting ur share into queue...at that time, think the price is lower then ur selling price.. all above situations just my personal view and thinking, i am just feel uneasy to that "move". at this moment, not affect me yet, in future...dont know... |
||
| Useful To Me Not Useful To Me | |||
|
lookcc
Master |
21-Oct-2009 21:24
|
||
|
x 0
x 0 Alert Admin |
there must b, wat d reason[s] is d question. | ||
| Useful To Me Not Useful To Me | |||
|
Hulumas
Supreme |
21-Oct-2009 21:15
Yells: "INVEST but not TRADE please!" |
||
|
x 0
x 0 Alert Admin |
Any reasons???
|
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
OneSharer
Veteran |
21-Oct-2009 19:35
|
||
|
x 0
x 0 Alert Admin |
For me, "good" consists at least the following: 1. RELIABLE and friendly platform (e.g.prompting avail for illogical orders). 2. Do not require a deposit (If I were to run road, deposit not enough to cover debt). 3. Able to link w/ bank acct or will pay interest for money placed, not play. |
||
| Useful To Me Not Useful To Me | |||
|
singaporegal
Supreme |
21-Oct-2009 19:31
Yells: "Female TA nut" |
||
|
x 0
x 0 Alert Admin |
This is interesting.... I think UOB KayHian's move is to protect retail players. But protect from what and who?
|
||
| Useful To Me Not Useful To Me | |||
|
OneSharer
Veteran |
21-Oct-2009 19:27
|
||
|
x 0
x 0 Alert Admin |
I would appreciate any good brokerage suggestions. |
||
| Useful To Me Not Useful To Me | |||
|
|
|||
|
chartist2009
Member |
21-Oct-2009 17:44
|
||
|
x 0
x 0 Alert Admin |
according news, their action may cause other securities firms follow their path, to ban penny stock trading thru online. I suggest whoever using their online trading should look for another securities firms - give other securities firm signal. online traders should take action first before other securities firms follow them. |
||
| Useful To Me Not Useful To Me | |||
|
loushare
Member |
21-Oct-2009 17:42
|
||
|
x 0
x 0 Alert Admin |
Looks like they are always the 1st one to do that. But this time looks like overdone. | ||
| Useful To Me Not Useful To Me | |||
|
nickyng
Supreme |
21-Oct-2009 17:39
|
||
|
x 3
x 0 Alert Admin |
jokers...they ban they lose buzi...shortists or players will juz go to next available brokers loh! GOONs !! :D |
||
| Useful To Me Not Useful To Me | |||
|
chartist2009
Member |
21-Oct-2009 17:09
|
||
|
x 0
x 0 Alert Admin |
0805 GMT [Dow Jones] Trading in Singapore penny shares notably subdued following UOB KayHian''s online trading ban imposed yesterday on number of such stocks. Traders say restriction partly responsible for market''s thin volume today (last at 1.15 billion shares). According to UOB KH''s website, investors won''t be able to use their Internet account to trade Transcu Group (E15.SG), Ban Joo (B07.SG), BBR Holdings (562.SG), Centillion Environment (C49.SG), Digiland (G77.SG), Jade Technologies (530.SG), covered warrants. No reason given for restriction. | ||
| Useful To Me Not Useful To Me | |||