SGX    Last:14.72    -0.06

SGX

Hi to all.... I am not a shortist but i did trade both ways though,,,,,

 

Here it's how it actually been done... To Short a counter : 1) sell the stock at desired price (eg.2.45)

                                                                                       2) buy back on same day at deisred price (eg. 2.35 < gain 10ct per lot)

                                                                                                                                                       (eg. 2.55 < loss 10 ct per lot)

However,,, u can NAKED short the counter and SGX will buy back the numbers of lots for the counter themselves at end of third trading day at "2" bids higher than what is the selling price....

For trade done intra day, the commision is only abit higher or same with the normal contra.. But for NAKED shorting... it will be quite high but i never calculate so much even there is a loss beCause I wanted to... hahaha...

Look at the market sentiment and judge for ur self whether u are going for naked... Hope i didn't miss out anything info... IOther Bros pls help if i forget to include other details....

Happy trading.....

 

So far I don't short because my broker said that we got to cover within the day unlike contra.

 

Yea. Thanks for replying. I just found out the actual process of shorting the market. Same as buying in and selling before the payment due date. Just that it is the opposite.

Will be careful though. High risk game.

 

Ucrano

Are you asking about shorting SGX? 

If I were to short it, I would just do a SELL then do a buy later to recover(hopefully, within the same day).  

Would shortist like to make additional comment on this?  (I try to avoid shorting whenever possible because it has its risk).  

 

sorry.. i mean $8.00 long term support..

 

For buyers, I rather wait for 8.10 the long-term support if i wan to enter a long position.. $8.10 is just a temporary support formed during the recent sell-down.. got to be careful and stay alert for any drastic movement. I think it will be tested and break easily.. as wat elf had say, strong resistance is at $8.50.

 

 

hi,

ok thanks

 

zhenxian, refer to my post on 26th feb. 8.1 is the support. note that resistance now will be ~8.5.

 

wah.. this one drop till like this.

Dont know when will it bottom out

 

Any idea how is it possible to short the market via online? Thanks!

 

 

liao.....lie liao.... again.....roller coaster ride......

 

I agree with elfie.

TA on this counter is still pretty bearish looking. Be careful 

 

hi elf,

Thanks for sharing~!

 

large lots selling. small lots buying. buy Q is very thin, hence the southwards movement.

From current market depth: lidding at 8.6, 101 lots queued to sell there.

Buy support is very, very thin. 8.49 is "kind of" a first support, 79 lots queuing to buy there.

Need to be careful of margin induced sell down.

The viable support by fibonacci and charting is ~8.1.

Be aware that SGX is currently forming an M top formation, which is bearish. If break below 8.1, it'll likely dip much further.

Not vested; take care.

 

Any idea why it's heading south today?

 

anyone knows where is the next support line for SGX?

 

Why suddenly SGX turned bearish???? Be it up or down, as long as there is trade..there is $$$ to be made....

 

TA outlook has not changed at all. Remain bearish on this stock. Acc/Dist and Chaikin still downtrending.

 

Buy in on Monday. Might drop a bit more. Cheers!