
in simpler terms...when it comes to "shorting", you will want a particular stock to go down.. example you short at $1, when it goes down to $0.98, you will have profited $0.02 if u buyback by then...
"Long" means the normal way of buying up...hoping the stock will go up... vice versa of "shorting"
Long means you buy a stock in anticipation of selling it at a HIGHER price for some profit at a later time.
Short means you sell a stock (even if you do not own any of the stock beforehand) with the aim of buying it back at a lower price, and thereby profiting from the price difference.
Do note that shorting is a highly risky affair in the Singapore stock market - one has to buy back the shorted stock within the same day or SGX imposes penalties on the short seller.
Sorry. Newbie here. May I know what is 'short' and what is 'long'. Hope someone can help me here.
True....better be safe than sorry....don't let greed overtake your rationality...hee..hee..
What AK opines that, with such uncertainty markets, be vigillant to protect your wealth is the best policy.
Yes, listen to singaporegal. You can't be far too wrong. She is the fairy barometer for the mkt trend...hehehe!!!
Technical rebound with the rest of index stock, seems the wind direction has gradually changed....but still KIV....listen to Singaporegal....hee..hee...
Be cautious ... TA charts have not really changed. Still overall bearish.
Nick, if SYNEAR ever cross 46¢ tomorrow, I will short...hehehe!!! I oni pray now SPC open tomorrow gap up!!
ideasa,
wow..glad to hear your $$ making stories siah ! gee.. i guess one shld b content as long as $$ are made !! yah? hee...wondering if SYNEAR will rebound as strong as ChinaEnergy siah !! :D
better luck tomor ! :D
SGX cannot short liao, very strong buy up. The horse siao liao, cannot pull back one. This morning I shorted 2 lots but I sensed selling was weak although it went down after I shorted. Then I pull out and cover with little profit and add on contra position, and added more just before lunch...geee, I made from SGX today both direction...hehehe!!! I think SGX is rebounding now from low of 6.3+. So those who wish to short just be cautious. This one siao liao! LONG got better chance!
Yes, I contra 5 lots of SGX avg. $6.66. Made some kopi $$. SPC-disappointment lah! Will leave it open overnight and see how lah. SYNEAR, yes coming back very strong. Usually when fund house call sell, we buy. I have yet take any position on SYNEAR yet, sideline and see. I contra China Energy at 29¢ and came out 32¢..%%^&*, now 37¢
wow...those last min cheong upwards...so much buy up...
Fast and furious activity in the last 30 mins!! I think with the surge today, SGX is a very good candidate for shorting tomorrow...
ideasa,
wow...u LONG? i thk u mean CONTRA har? hee..anyway gd luck !! gee..SPC seems like will drop lower than 6.52 leh..wiser to "LONG" now? anyway i sideline today hee...waiting to strike TOMOR !! :D anyway SYNEAR 's fate seems to be changing now...look up uptrend soon leh :P
SGX i think i will SHORT this fri..hee..vENTURE is asking to be SHORTED too..hee...
cheers !
OK, I am out @6.85. Made some kopi $$ for the day liao! Cannot wait till $7.00...hehehe...Cheers!
Wah..Cheong liao. Let it cheong higher for us to shrt again ;)
Can see quite a lot of ppl shorting @6.81. Be careful!
The surge is happening now...watch this space...lai liao!!!
Nicky...yes I shorted SGX in the morning, then covered up 1 hour later plus add on to LONG SGX. i guess this burger is heading for $7.00 soon, might happen today, but so far not happening yet leh! About GOLD, sad lah! I let go at a loss @US$92+. But now see it's price, more or less heng lah! Today, LONG day for me leh... LONG SPC also @6.52. See got kopi $$ today or not! Cheers!