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sohguanh
Veteran |
15-Mar-2007 09:50
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mazliukt: shplayer essentially describe to you how shorting is being played. Your earlier concern on buy and then sell by T + 3 12pm is like contra tactics. Contra is buy the shares at T but before making payment at T + 3 due date you sell out to earn the difference. So essentially in the SGX market there are two tactics at play. Shorting and Contra. Both tactics does not require you to fork out the share capital. You play on the difference amount in buy and sell and hope it is win and not loss. And usually you need to buy in 10,100,1000lots to magnify the difference else it is not worth it to short or contra 1, 2 lots as the comm and sgx etc fees will eat into your profits. |
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maxliukt
Member |
14-Mar-2007 23:35
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Thanks to synnexo and shplayer for sharing, short looks very risky, so is hedging. I dont know when the market is going to up or down. I have learnt from earlier trading to have enough cash in hand before buying in case I have to hold for some time before selling. So now I only buy when I have the cash to pay for it. |
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shplayer
Elite |
14-Mar-2007 23:26
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maxliuky, Let me try to explain the term 'short' to you. 'Short' is a term used when you SELL shares you don't own in the hope to 'BUY' it back at a lower price after that. Because you sold shares you don't own, you need to buy it back on the same trading day.......or take the risk as mentioned by synnexo. Say, if you shorted (sold without owning) at 4.52 and if the price falls to 3.52 later in the day, you stand to make $1.00 per share less comm and charges.....but the risk is, if the share price does not fall enough to cover trading costs or worst ..the share price goes up. |
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synnexo
Veteran |
14-Mar-2007 23:24
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In shorting, u have to buy back on the same trading day before closing to avoid penalities. But if u are choosing to hedge it, then u are taking a risk. The share price might shoot up & u are dead. Unless u are very sure it will sure plunge like a submarine. In buying low & sell high, u must have the ability to hold. That is very important. Of course, u must set a threshold to cut lost. Usually, 5 - 8 %, its up to individual. Most importantly, don't be greedy. |
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maxliukt
Member |
14-Mar-2007 23:09
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Thanks synnexo, This means to buy first and sells before T+3 12pm. I still dunno y to sell at lower price and makes a profit. I better stick to buy low and sell high. |
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synnexo
Veteran |
14-Mar-2007 22:56
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Agree totally with shplayer. Moreover, in a shorting game u must remember every second counts. Its like a race against time especially nearer to the market closing time. Either u buy back at the asking price or hedge it at T+3 & T+4 before 12pm. Rather technical to comprehend. In short, if u choose to hedge it then the price @ T+3 closing & T+4 before 12pm is very crucial to u. SGX will take the price, whichever higher, plus 2 bids. So, if the price is much lower than your shorted price, then u earn. If not, then u lose. Of course, other penalties applies. Correct me if I'm wrong. |
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maxliukt
Member |
14-Mar-2007 22:48
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Thanks shplayer, I should buy and hold 3.52 then. |
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shplayer
Elite |
14-Mar-2007 22:30
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maxliukt, Short means sell at 4.52 and buy back on same day at 3.52. As a newbie, don't recommend you play this game.....it is very risky. |
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EastonBay
Master |
14-Mar-2007 22:14
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According to news, what supremo wanted is direct interest from govt and not a private investor. Not sure if he gets what he wanted. |
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maxliukt
Member |
14-Mar-2007 19:30
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Do u mean to buy at 9am? sell on same day later? |
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maxliukt
Member |
14-Mar-2007 19:09
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erm. Newbie here. short from 4.52 to 3.52. high to low??? I thought is from low to high? what price to start. |
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jackjames
Elite |
14-Mar-2007 02:36
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YOU WANT TO EARN BIG MONEY, SHORT THIS COUNTER TOMORROW WHEN MARKET OPEN AT 9.00 AM SHARP.... JOIN ME TO SHORT THIS counter, all time high closing at 4.52, it can easily SHORT TO 3.52 or MORE! |
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zhuge_liang
Supreme |
13-Mar-2007 21:56
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Formula 1 supremo Bernie Ecclestone stopped over in Singapore yesterday to discuss the possibility of Singapore hosting a race. Investors have speculated that property firm Hotel Properties would clinch the F1 hosting rights. |
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maxliukt
Member |
12-Mar-2007 23:24
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you can get this info on sgx website. HPL , under General Annoucements. Director Ray Yow from 40k to 140k. |
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yammay74
Member |
12-Mar-2007 22:49
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Hi Maxliukt, How do you know that one director increase its holding by 100 000? |
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maxliukt
Member |
12-Mar-2007 20:00
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One of the directors increase share holding by 100k through share options today. |
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maxliukt
Member |
12-Mar-2007 19:59
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One of the directors increase share holding by 100k through share options today. |
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zhangyin
Member |
12-Mar-2007 11:59
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0055 GMT [Dow Jones] STOCK CALL: CIMB starts Hotel Properties (H15.SG) at Outperform with S$8.10 target. Says hotel group riding recovery tailwind of region's tourism industry, expected to benefit from Singapore government's drive to turn prime shopping belt Orchard Road into "one of the greatest shopping streets in the world" (70% of company's property asset value comes from there). Tips firm's luxury residential projects Beverly Mai, Horizon Towers to post strong sales, generate positive newsflow over next 12-18 months. Adds any announcement on plans to redevelop its properties in Tanglin, Cuscaden areas will provide major catalyst for stock. Shares +1.7% at S$3.66 Friday |
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Sporeguy
Elite |
12-Mar-2007 11:12
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Previous TP by Instituition was $4. My calculated TP was $4.32. At most it will be $4.75 if it is very bullish. But bcos of the sudden surge of 50+c, I let go at $4.22 |
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Sporeguy
Elite |
12-Mar-2007 10:33
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My broker says some instituitions revalue it at $8 plus. True or not ? |
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