Post Reply
1-15 of 15
how lowcan this go??
though of keeping some, any advise?
SGX short selling measures fall short. Today BT.
SGX move on that 1 million's saga was quite drastic, as the victim could be caught unguard. On the other hand, if go by d T+3 grace period, the losses could be more if by 1130 2morrow, the stock price go up more than 33 cts.
Blessing for disguise, thats all loh.
After been shortist for too long liao...they has forgotten how to learn to stop...wrong timing meh.
AK_Francis ( Date: 24-Sep-2008 10:25) Posted:
if it was hedge fund done it, ok loh! as some day make and other day lose, its the game to play.
AK guess that they did cover last Fri, it could be no more seller during the massive covering process. A deadly situation which Shortist afraid of by end of d trading day.
The main gainer(s) is the one who sold it at 33 cts on Mon as he could hv Long it around 25-27 cts while the shortist making his calamitous move. |
|
if it was hedge fund done it, ok loh! as some day make and other day lose, its the game to play.
AK guess that they did cover last Fri, it could be no more seller during the massive covering process. A deadly situation which Shortist afraid of by end of d trading day.
The main gainer(s) is the one who sold it at 33 cts on Mon as he could hv Long it around 25-27 cts while the shortist making his calamitous move.
Louis, are you a prophet? Your topic title really makes the happening comes through. Shortists in ChinaHongx "killed". Akan datang became datang....Respect, respect to you.
You see a swallow flied over and you said it is summer already!
This 'naked' Guy was either too desperate or really foolish to have executed such a move.
Last round......Shortist win..Ya.
This round..Short is dead.
http://www.asiaone.com/Business/News/My%2BMoney/Story/A1Story20080923-89452.html
| Unknown short-seller hit by $1m loss |
 |
by Ven Srineevasan
SOMEONE out there is licking his wounds after taking an almost $1 million hit after a naked short-selling adventure that went badly wrong.
The Singapore Exchange (SGX) yesterday initiated a buy-in for a huge chunk of China Hongxing shares against a short-seller who had dumped the stock last Friday but failed to cover his position before the close of the session.
In all, the SGX yesterday bought-in some 13 million shares of the mainboard-listed Chinese sports shoes and accessories maker at around 35.5 cents per share.
This was to cover the short sale of an equal amount of shares at around 25 to 27 cents per share during last Friday's session.
Besides taking a loss on the price difference, the short-seller also took a hit on the transaction fee of $40 per block transacted, and a higher brokerage rate of 0.75 per cent on the deal.
Market insiders reckon the loss could stack up to around $1 million.
'It is just plain stupid for anyone to have engaged in naked short-selling in this kind of a market,' remarked one institutional dealer. 'The least they could have done is to get scrip borrowing facilities lined up before shorting the stock.'
No one whom BT contacted could say who Friday's short-seller was, but speculation centres on hedge funds.
|
I think you should say.......the ah moh bb want to carry water home liao,,,,,,,,,,,,,,,,,,not a good signl,,,,,,backyard fire become an inferno......mee..rebus.....telor.....tengah,,,,,,,,,,,,,,,the time of the ahmoh is over.....Now is the era of the orc......heeeeee
Sound better......from Lord of the Ring.......so free these days.....nothing to trade...........just watch the replay lor....hari.....hari.....
louis_leecs ( Date: 08-Sep-2008 09:42) Posted:
| the ah moh bb come out short liao,,,,,,,,,,,,,,,,,,not a good signl,,,,,,,,,,,,,,,,,,,,,lucky take my money out first plaqy save,,,,,,,,,,, |
|
http://www.businesstimes.com.sg/sub/companies/story/0,4574,298066,00.html?
wow who is this guy kah?
How many SHortists can you kill? You need huge resources to kill them! You try to kill them now and most likely you'll be killed as The Market favors them now! The Shortists are also here to make money too you know and for all you know the next moment they may long and double short again next! Cheers!
the ah moh bb come out short liao,,,,,,,,,,,,,,,,,,not a good signl,,,,,,,,,,,,,,,,,,,,,lucky take my money out first plaqy save,,,,,,,,,,,
take profit liao,,,,,,,,,,,i be back,,,,,,,,,a lot sell in strnge wait for worst coming
i going to sell if not sustain....................take profit first,,,,,,,
brother, recently, the current market always against your post lei....
ho sai liao ,,,,,,,,,friday sell all but last minute buy back at 35cts,,,,,,,today going to kill short liao,,,,,,,,,,,,36 git 300lot buy.....365 got 300 buy also,,,,,,,,,,,,,,,,,look like shortist scary buy back liao,,,,,,,,,,,,tis baby can go up tp 45cts,,,,,,,,watch out shortist,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,better cover ur back side
