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It happened to me once some time ago too...

  I had unknowingly submitted my liquidation order twice...

    I only realised after 5.05 pm, but luckily Phillip has

            the script to lend the next day under their SBL service,

                    so the problem was solved.

 

because i didnt know abt the mistake until after market close my agent called me up and check :(

hpong5      ( Date: 02-Aug-2011 21:17) Posted: Just now dropped until 1.455 why you don't cover??? muifan      ( Date: 02-Aug-2011 20:22) Posted: Haiz...thanks all sifu.. seems like tmr borrow from poems is the bestest thing to do to cover... but i jus check...COSCO is out of stock for poems to short... i jia lat liao .. this kind of mistake also can happen ...:

 

Just now dropped until 1.455 why you don't cover???

muifan      ( Date: 02-Aug-2011 20:22) Posted: Haiz...thanks all sifu.. seems like tmr borrow from poems is the bestest thing to do to cover... but i jus check...COSCO is out of stock for poems to short... i jia lat liao .. this kind of mistake also can happen ...:( Noob79      ( Date: 02-Aug-2011 20:16) Posted: it's better that u buy back urself....cos u know what prices u buy.... if u let sgx buy back they will buy back maybe a few bit higher than the closing price...

 

Haiz...thanks all sifu..

seems like tmr borrow from poems is the bestest thing to do to cover...

but i jus check...COSCO is out of stock for poems to short...

i jia lat liao ..

this kind of mistake also can happen ...:(

Noob79      ( Date: 02-Aug-2011 20:16) Posted: it's better that u buy back urself....cos u know what prices u buy.... if u let sgx buy back they will buy back maybe a few bit higher than the closing price.... muifan      ( Date: 02-Aug-2011 20:08) Posted: thanks for the reply... so in this cosco case....better to let SGX buy in at T+3 right... cos whole Singapore think it will tank ... cos i read at poems...borrowing their shares cost additional 10% fees $^& #

 

Buying in tomorrow is no use. It is 1 day too late becuase you have no scrips to deliver on due date.

But if you think that Cosco will shoot up on T + 3, you may consider buying in to cover your loss, if any.

For me, my counter  was UOB. It went down initially, so I thought can make. But gunna plucked when it shoot up on

T + 3 because of the US debt deal agreement.

 

it's better that u buy back urself....cos u know what prices u buy.... if u let sgx buy back they will buy back maybe a few bit higher than the closing price....

muifan      ( Date: 02-Aug-2011 20:08) Posted: thanks for the reply... so in this cosco case....better to let SGX buy in at T+3 right... cos whole Singapore think it will tank ... cos i read at poems...borrowing their shares cost additional 10% fees $^& #% EdwardLiu      ( Date: 02-Aug-2011 20:04) Posted: No fine for naked short. Happened to me last week on another counter. Not sure your broker allows you to sell first and borrow later SGX will buy-in on T + 3 at 2 bids higher than the market price or closing price of previous trading day whichever is higher.  So pray the price goes down.

 

thanks for the reply...

so in this cosco case....better to let SGX buy in at T+3 right...

cos whole Singapore think it will tank ...

cos i read at poems...borrowing their shares cost additional 10% fees $^& #%

EdwardLiu      ( Date: 02-Aug-2011 20:04) Posted: No fine for naked short. Happened to me last week on another counter. Not sure your broker allows you to sell first and borrow later SGX will buy-in on T + 3 at 2 bids higher than the market price or closing price of previous trading day whichever is higher.  So pray the price goes down.

 

No fine for naked short. Happened to me last week on another counter. Not sure your broker allows you to sell first and borrow later

SGX will buy-in on T + 3 at 2 bids higher than the market price or closing price of previous trading day whichever is higher.  So pray the price goes down.

 

sifu risktaker..so what should i do?

tmr at open market buy back or what? 1k fine sian leh :(

risktaker      ( Date: 02-Aug-2011 19:30) Posted: dont worry there are millions of scripts out there that want to sell to u :) Dont even borrow just let it buy in after 2 days. U will make profit muifan      ( Date: 02-Aug-2011 18:58) Posted: All sifu can help me ans one query? Anyone use cash account to short but never cover back at the end of the day? do not underestimate the CHINESE GHOST MTH..this afternoon i key in to Q for LONG for COSCO at 1.515..then dunno " WHAT" covered my eye i accidentally click SELL.. now i got short position at 1.515 for COSCO never cover back at the end.. my agent called me after 5pm...he say tmr monrning must see if house got any on hand to LEND ME.. if not he will tell me the consequences...issit tio FINE? HOw many thousand? :(

 

dont worry there are millions of scripts out there that want to sell to u :) Dont even borrow just let it buy in after 2 days. U will make profit

muifan      ( Date: 02-Aug-2011 18:58) Posted: All sifu can help me ans one query? Anyone use cash account to short but never cover back at the end of the day? do not underestimate the CHINESE GHOST MTH..this afternoon i key in to Q for LONG for COSCO at 1.515..then dunno " WHAT" covered my eye i accidentally click SELL.. now i got short position at 1.515 for COSCO never cover back at the end.. my agent called me after 5pm...he say tmr monrning must see if house got any on hand to LEND ME.. if not he will tell me the consequences...issit tio FINE? HOw many thousand? :(

 

1k SGX fine. plus profit/loss upon buying back. the only way is to hope tmr it tanks, then u can minimise loss.

muifan      ( Date: 02-Aug-2011 18:58) Posted: All sifu can help me ans one query? Anyone use cash account to short but never cover back at the end of the day? do not underestimate the CHINESE GHOST MTH..this afternoon i key in to Q for LONG for COSCO at 1.515..then dunno " WHAT" covered my eye i accidentally click SELL.. now i got short position at 1.515 for COSCO never cover back at the end.. my agent called me after 5pm...he say tmr monrning must see if house got any on hand to LEND ME.. if not he will tell me the consequences...issit tio FINE? HOw many thousand? :(

 

All sifu can help me ans one query?

Anyone use cash account to short but never cover back at the end of the day?

do not underestimate the CHINESE GHOST MTH..this afternoon i key in to Q for LONG

for COSCO at 1.515..then dunno " WHAT" covered my eye i accidentally click SELL..

now i got short position at 1.515 for COSCO never cover back at the end..

my agent called me after 5pm...he say tmr monrning must see if house got any on hand to LEND ME..

if not he will tell me the consequences...issit tio FINE? HOw many thousand? :(

 

oh..they announced it this morning.. no wonder semb marine opened higher today..

was wondering why..

yea if tat's the case, semb marine will drop to support? 5.15?

if tat support is broken, it's scary.. @_@

Gaecia      ( Date: 02-Aug-2011 18:24) Posted: Roti, that announcement was posted on sgx's website. Already made public.

 

Roti, that announcement was posted on sgx's website. Already made public.

 

drop in profit is bad....

missed estimates is even worse.... from The Edge: Sembcorp Marine (SCMN.SI), the world’s second largest rig builder, posted a worse-than-expected 15% fall in second quarter net profit, despite stronger margins.

most probably drop to 5.13-5.15.... congrats gaecia!

rotijai      ( Date: 02-Aug-2011 18:08) Posted: master gaecia.. like i said.. the result turns out to be so so.. 8% drop in profit ? is tat bad? well, it's not good :) anyway it might drop to 5.2? i think the support is still at 5.15 if the 5.3 is broken.. with the 5cents dvd.. the drop will be limited.. ofc, the up will also be limited.. Gaecia      ( Date: 02-Aug-2011 16:42) Posted: How roti, wat do u think of sembmarine?

 

This was out yesterday after market closed, news was already in this morning's business news.

rotijai      ( Date: 02-Aug-2011 18:19) Posted: btw.. i dunno how accurate this is.. like wat master krisluke posted.. we got this from noblecorp, so far semb marine hasnt announced yet.. Noble Corporation (NYSE: NE) today announced that the Company has exercised options with Sembcorp Marine's subsidiary Jurong Shipyard for the construction of two additional high-specification heavy duty, harsh environment JU3000N jackup drilling rigs. This order will bring to six the total number of new jackup rigs the Company will have under construction with the Jurong Shipyard. http://www.noblecorp.com/ rotijai      ( Date: 02-Aug-2011 18:08) Posted: master gaecia.. like i said.. the result turns out to be so so.. 8% drop in profit ? is tat bad? well, it's not good :) anyway it might drop to 5.2? i think the support is still at 5.15 if the 5.3 is broken.. with the 5cents dvd.. the drop will be limited.. ofc, the up will also be limited.

 

btw.. i dunno how accurate this is.. like wat master krisluke posted..

we got this from noblecorp, so far semb marine hasnt announced yet..

Noble Corporation (NYSE: NE) today announced that the Company has exercised options with Sembcorp Marine's subsidiary Jurong Shipyard for the construction of two additional high-specification heavy duty, harsh environment JU3000N jackup drilling rigs. This order will bring to six the total number of new jackup rigs the Company will have under construction with the Jurong Shipyard.

http://www.noblecorp.com/

rotijai      ( Date: 02-Aug-2011 18:08) Posted: master gaecia.. like i said.. the result turns out to be so so.. 8% drop in profit ? is tat bad? well, it's not good :) anyway it might drop to 5.2? i think the support is still at 5.15 if the 5.3 is broken.. with the 5cents dvd.. the drop will be limited.. ofc, the up will also be limited.. Gaecia      ( Date: 02-Aug-2011 16:42) Posted: How roti, wat do u think of sembmarine?

 

master gaecia..

like i said.. the result turns out to be so so..

8% drop in profit ? is tat bad? well, it's not good :)

anyway it might drop to 5.2? i think the support is still at 5.15 if the 5.3 is broken..

with the 5cents dvd.. the drop will be limited..

ofc, the up will also be limited..

Gaecia      ( Date: 02-Aug-2011 16:42) Posted: How roti, wat do u think of sembmarine?

 

lol you all always like to congratulate me very early..... :P

lol but the results sound bad to me..... unless

Gaecia      ( Date: 02-Aug-2011 17:45) Posted: ec ya, i haven't even closed position you congrats me too early.  You sure it is  bad enough or not & then will those  people chase after 5c dividend/ share  or not? Last couple times results  also not good yet bullish post announcement, i also short until abit scared. > .< eastcivic      ( Date: 02-Aug-2011 17:32) Posted: you huat liao la!!!! sembmar results not good.... congrats in advance

 

ec ya, i haven't even closed position you congrats me too early.  You sure it is  bad enough or not & then will those  people chase after 5c dividend/ share  or not? Last couple times results  also not good yet bullish post announcement, i also short until abit scared.

> .<

eastcivic      ( Date: 02-Aug-2011 17:32) Posted: you huat liao la!!!! sembmar results not good.... congrats in advance! eastcivic      ( Date: 02-Aug-2011 17:25) Posted: BELIEVE IN YOURSELF don't be like me....    weak :