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If u are confident , then short, but u have to keep strict stop, to cover for the just in case.
I m looking to buy.
sgxtrader2013 ( Date: 11-Mar-2013 23:14) Posted:
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Today when i sell this one at 120, it rise for a while, at first i thought i was wrong, prepare to lose some, but it reverse and go down and i cover back at 84 today.
I cover, because i believe we have seen the low, it may rise tomorrow. no gurrantee,
But if in doubt, we give benefit to the doubt.
I lost 9K just for We holding last week, one guy think this is big,. but if i did not cut and shorted today with profit , the losses will be unimaginable.
9 K is a small insurance for bigger losses, so i can stay in the game.
today i make handsome profit, i said last week i may short, i did today.
Thus, stop loss is very important, you witness yourself this 2 weeks.
and also to bet small , the amount you can afford to lose. So when stop loss hit, u are less emotional to cut.
I think about done, since last week, let see, no sure thing.
But dont short too fast and happy, ú may try to short, but observe strict stop.
i think it could rise, chances very great, take care.
Bigmama ( Date: 11-Mar-2013 22:48) Posted:
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kelvinLim123 ( Date: 11-Mar-2013 22:04) Posted:
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I may take a bet to buy tomorrow. let see.
good luck
5 cents unlikely, but u may try if you got profit to throw away,
This one is likely to rise.
Bigmama ( Date: 11-Mar-2013 18:13) Posted:
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If you want to short, you better observe your stop loss strictly
This one is set to rise, be careful. chances is great.
Short selling order
Q21. I have marked my sell orders wrongly and the orders have been executed. Can I modify the order later? Will I be penalized if I do not correct the sell order?
Yes, you can approach your broker to correct your sell orders if the orders have been executed. Your broker should submit the amendments to SGX on your behalf before 5.45pm on the next trading day. You must inform your broker in advance so that he has sufficient time to prepare the amendments for submission to SGX. You are also expected to accurately correct the quantity of the sell orders.
The accurate disclosure of sell orders is necessary for factual information to be provided to market participants regarding short selling. As such information may be taken into account by investors when making trading decisions, it is important that false or misleading information not be presented.
Section 330(1) of the SFA states that any person who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to a securities exchange, futures exchange, designated clearing house or any officers thereof relating to dealing in securities shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or both.
In applying section 330(1) of the SFA, MAS will consider whether there was intent to deceive in respect of sell orders that had been inaccurately marked by SGX-ST Trading Members or inaccurately disclosed by market participants. As such, if you or your broker is found to have intent to deceive in respect of sell orders, you or your broker will be penalized under section 330(1).
Notwithstanding, as mentioned above, you may notify your broker to correct your sell orders and brokers are required to submit the amendments to SGX before 5.45pm the next trading day.
http://www.sgx.com/wps/portal/sgxweb/home/faqs#Marking_of_SellOrders
Blanchard ( Date: 11-Mar-2013 17:29) Posted:
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pennies over since last last friday..
if u wanna play, u are playing for bounces (assuming u are buying)..
I think if u have read my post, I said to sell We holding if it hit 12c.
I don't think anyone heal the call, right.
Be greedy when everyone is fearful, n be fearful when everyone is greedy, cannot work for penny.
shd be ...be even more fearful, when everyone is fearful and greedier when everyone is greedy.
If you have become more fearful then anyone over the past week when u see selling, you should have leave by then, then today u are safe.
Is this the end of penny rally, is on everyone mind.
I dont know, but i know the fear will keep ppl away form penny for along time.
this is my guess, but i will be looking to trade, if play return.
Let me make myself clear.
What i m trying to say is that, shortist may cover, so expect the px to go up.
Be careful, see first before you leap,
sgxtrader2013 ( Date: 11-Mar-2013 17:37) Posted:
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I think, better to play day to day, cover back at the end of the day, do not leave your short open.
Since, the wk before last week, selling was already on going but smaller, so this week , i think selling about done, maybe by tomolo,
I have already said Monday will be judgemnet day for penny.
cover all my short. hope you profit from the panic.
We holding and ntegrator, are bothe wonderful stock, both way.
sgxtrader2013 ( Date: 11-Mar-2013 17:37) Posted:
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I short Rowsley also , make a small proft, i think we shd not short this one, strong maker here. Beware.
sell 505, saw it weaken , but later see buying strong , cover back at 495.
des_khor ( Date: 11-Mar-2013 17:33) Posted:
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Tmr may drop another 0.04 to reach the lowest price 0.028 those still holding this stock in this forum kindly monitor tight on the price moving tmr and make the final decision whether to hold or cut lose.
Cheer to those leave the boat last week. :)
Curbing of penny rumour by house and broker, and heavy contra player losses, with force selling. make those heavily speculate counter drop like stone.