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Latest Forum Topics / SGX    Last:13.9    +0.15  Post Reply
SGX
viruz7667
Senior
11-Mar-2008 21:09     
 
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 Alert Admin 		Eldar...nvm la, + - lor..understood. juz for own quick cal niaSmiley
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winsontkl
Elite
11-Mar-2008 21:08     
 
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 Alert Admin 		The rebound for SGX seems weak...buay Cheong leh after the big fall the last few days....still many shortist I presumed....
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DnApeh
Master
11-Mar-2008 20:53     
 
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Hi idesa168. I naked short SGX before. They will buy in for you at the closing price of T+3, OR, the last done price of T+4 add 2 bids, whichever is higher.
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idesa168
Elite
11-Mar-2008 20:51     
 
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 Alert Admin 		Good news from uncle DOW, Futures up 181 GREEN! Tomorrow STI will cheong!
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idesa168
Elite
11-Mar-2008 20:34     
 
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 Alert Admin 		If GOLD and OIL is going higher, just watch all stock counters. It's quite certain most stocks will fall in general. Zanetti, you are right that if DOW dropped, not all counters will follow. I felt that today SGX should follow the banks and overnight DOW today. But becos it had been hammered quite badly lately, technical rebound is sure to come, but I did not expect it comes today. Whichever the case, please dun do technical rebound on Friday and Monday, I will be dead, my life in the mercy of this burger...pui!...back to the topic, see the bigger picture guys. GOLD and OIL (and inflation and speculation of recession) is going higher and higher each day. What logic do stocks have to climb? What we are seeing now (today) is just tech rebound and wun be able to sustain. I have witness the 1998 & 2001 crash and Sars, drop 30% a day and the next few days no volume. That was a scarry bear. I am staying clear of stocks, maybe end of the yr be back with stock again if all issue are answered.
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Eldarchen
Member
11-Mar-2008 20:17     
 
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Eh virus, how come your comm rate put 0.28? shouldn't it be 0.275?

but at least u got the 0.75% right haha, u must have shorted before

also thought the exchange will sorta add some additional charges or something for naked shorting ?
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viruz7667
Senior
11-Mar-2008 20:10     
 
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it seem tough lei....but i wish u all the best! buy me TCC one la  Smiley
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zanetti
Member
11-Mar-2008 20:10     
 
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Even if DOW drop, doesnt means sgx will drop. Today is an example
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iPunter
Supreme
11-Mar-2008 20:02     
 
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With this bear still strong, there will yet come the day when all will be scared to hear even the word 'stocks'... right now many are still bottom fishing...

these bottom fishers will dump when the market goes even lower later... Smiley

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idesa168
Elite
11-Mar-2008 19:56     
 
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 Alert Admin 		Virus 7667, if Monday 6.50, I buy you starbuck kopi, expensive one...hehehe!
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viruz7667
Senior
11-Mar-2008 19:53     
 
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 Alert Admin 		sighs....then tats my annual income liao! Smiley
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idesa168
Elite
11-Mar-2008 19:48     
 
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 Alert Admin 		no lah, I am alright, just 2 lots. The damage will not be big. Yes, I dump yesterday morning, then I shorted this evening....sigh, no luck with this counter. I have been making in other counters, shorting First Resource, then buying back in both directions and making from it. But this one, sigh, no luck! This afternoon I shorted for fun only, never know got myself into this. Next time must properly in the transaction. Take for granted that it will clear since it crossed my bid price when I bought back. But oko lah, virus 7667 say damage only 600...but that is my one month salary!
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viruz7667
Senior
11-Mar-2008 19:40     
 
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2 possibility...if monday goes up....

1)

           
No of shares: 2000 Brokerage rate % 0.750% 0.28%
  Minimum Fees:  $              25.00  
   
Buy Price 7.3 Sell Price: 7.05  
Sales Amount  $        14,600.00 Purchase Amount:  $       14,100.00  
   
Brokerage  $             109.50 Brokerage  $              39.48  
Clearing Fee  $                5.84 Clearing Fee  $               5.64  
SGX Trading Fee  $                1.10 SGX Trading Fee  $               1.06  
GST on brokeages  $                8.76 GST on brokeages  $               3.82  
Total  $             125.20 Total  $              50.00  
   
Purchase Amount  $        14,725.20 Sale Amount  $       14,050.00  
P + S  $            28,775.20  
Avg Price  $            14,387.60  
BreakEven Price:  $             7.1938 Profit/Loss:  $           (675.19)  
           


Your loss will estimated around 675 if the buying at 7.3. So not so bad ah!

2) But if SGX went down to $6.5...ur estimated profit $900+! hehe

           
No of shares: 2000 Brokerage rate % 0.750% 0.28%
  Minimum Fees:  $              25.00  
   
Buy Price 6.5 Sell Price: 7.05  
Sales Amount  $        13,000.00 Purchase Amount:  $       14,100.00  
   
Brokerage  $              97.50 Brokerage  $              39.48  
Clearing Fee  $                5.20 Clearing Fee  $               5.64  
SGX Trading Fee  $                0.98 SGX Trading Fee  $               1.06  
GST on brokeages  $                7.80 GST on brokeages  $               3.82  
Total  $             111.48 Total  $              50.00  
   
Purchase Amount  $        13,111.48 Sale Amount  $       14,050.00  
P + S  $            27,161.48  
Avg Price  $            13,580.74  
BreakEven Price:  $             6.7904 Profit/Loss:  $            938.53  
           


 
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jasonrxz
Senior
11-Mar-2008 19:33     
 
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Bro idesa168 ,

                        U go to short this counter after dumping it on monday morning? Too risky in my own humble opinion but what is done can't be undone... i am just opposite of u still holding on to 3 lots since friday.... so.. let see how things goes.. i will pray for DOW JONE to lau sai after i unloaded ok? hee... i dump tomorrow and pray for u tomolo night ok???

 

Anyway.. now the future is indicating green of 85 pts..... wow.. i know how u feel right now......

 

cheersSmiley
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idesa168
Elite
11-Mar-2008 19:17     
 
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 Alert Admin 		hmmm....excuse me, can all of you exit SGX as soon as possible. I am going to put a curse on SGX soon. I might as well put curse on the DOW on Friday!...hehehe!
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idesa168
Elite
11-Mar-2008 19:13     
 
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 Alert Admin 		Oh, SGX will buy back only T+4 later? I thought they will buy back the very next day. Thanks everyone for the advise. This is my first time leh...hehehe...must give ang pow hor...lol! Yah, I shorted 2 lots only, so the damage will not be huge if SGX maintain at this level. If they drop from here, does that means that I might stand a chance to gain? Assuming T+4 11-11.30 am it trades at $6.20, they will buy back at $6.22. If I shorted @$7.05, I will gain the difference? Like that I go church temple hindu temple and even to cemetery...lol...joking with the last one, let the dead rest in peace, not bother about my 2 lots of SGX...lol! Cheers everyone, you are helpful!
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ChinChye
Member
11-Mar-2008 18:56     
 
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idea168,

I have naked short before.. U cant do anything now, except go temple pray pray that it falls sharply between T+4 11-11.30am. This is the point where SGX will buy back for u.. Hmm, regarding higher transaction cost, i checked last time, its not that much afterall unlike pple said so... maybe my contract is small.. abt (18K)..
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viruz7667
Senior
11-Mar-2008 17:24     
 
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 Alert Admin 		bcos tat day i kena short delong at $3..end up it went UPPPPPPPPPPPP....end up lost $4000+...tmd...sighs..everyday cant sleep till day 5....wondering wats the price and curse the price to go down more.....
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Centaur
Veteran
11-Mar-2008 17:23     
 
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hi idesa,

i thought when u naked short, sgx won't buy back immediately the next day??

somemore you shorted their counter, maybe they buy back for u a few notches higher?? just joking Smiley
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viruz7667
Senior
11-Mar-2008 17:22     
 
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 Alert Admin 		generally T+3+1 (next monday) around 1130am, they will buy in for u.....
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