Post Reply
821-840 of 1501
covered b4 lunch break at 1.125 liao lah.... :P busy punting properties counter now with URA release of Q2 result :P
belgeran ( Date: 22-Jul-2011 12:49) Posted:
nicky, have u covered?
nickyng ( Date: 22-Jul-2011 10:02) Posted:
shorted at 1.135 x10 lots !! WISH ME MOTHER OF ALL LUCK ! :P
|
|
|
|
thanks all for the clarification. i shorted on 21/07/2011, so that means they will take the buy in price on 22/07/2011 or 23/07/2011?
risktaker ( Date: 22-Jul-2011 12:27) Posted:
first.sgx will buy in at T+2. the buy in price will be T+1 price + 2 bid higher or T+2 lunch closing.price. they will always take the higher price. if sgx fail to buy in that afternoon u will then be fine. however for tigerair theres alot of script so buyin should be ok
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
|
|
nicky, have u covered?
nickyng ( Date: 22-Jul-2011 10:02) Posted:
shorted at 1.135 x10 lots !! WISH ME MOTHER OF ALL LUCK ! :P
|
|
first.sgx will buy in at T+2. the buy in price will be T+1 price + 2 bid higher or T+2 lunch closing.price. they will always take the higher price. if sgx fail to buy in that afternoon u will then be fine. however for tigerair theres alot of script so buyin should be ok
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
oh... and they usually are able to buy in from inhouse market
belgeran ( Date: 22-Jul-2011 12:10) Posted:
okay.. this is what happens..
at the end of T2 or T3, where you're suppose to hand over the scrips... if u fail to, they will start the next day by trying to buy from the inhouse market (this is not the open market that we see)... at 2 bids higher than what market is trading at that point of time or the average of market price range. and they will increase the bids up and keep trying until end of that trading day. At end of that trading day, if they can't get it, they'll buy from the actual market the following day. If they resorted to the actual market, the fine kicks in.... you can appeal against the fine.
take note the buy in by SGX charges higher transaction costs. |
|
okay.. this is what happens..
at the end of T2 or T3, where you're suppose to hand over the scrips... if u fail to, they will start the next day by trying to buy from the inhouse market (this is not the open market that we see)... at 2 bids higher than what market is trading at that point of time or the average of market price range. and they will increase the bids up and keep trying until end of that trading day. At end of that trading day, if they can't get it, they'll buy from the actual market the following day. If they resorted to the actual market, the fine kicks in.... you can appeal against the fine.
take note the buy in by SGX charges higher transaction costs.
By right, they can fine you, but you can write in saying you first time and did this by accident.
Stylo154 ( Date: 22-Jul-2011 11:28) Posted:
hi alex, u mean even if SGX managed to buy in for me at the buy in date, i will still get fined?
alexchia01 ( Date: 22-Jul-2011 11:26) Posted:
You got 3 to 5 working days, the contra period, to get this done.
Once this gets to SGX after the contra period, SGX will fine you.
So, you must get your broker to get this done ASAP.
As long as this is still within your brokerage house control, they should be able and want to help you because they won't want to loss you as a client.
|
|
|
|
Then ask him to help you to come up with a solution lah.
What's the point of having a broker when he can't help you solve problems and only know how to collect commission.
If he's unable to help, it's either he's unwilling to help or his position is too small get the brokerage house to help.
Either way, you should change your broker.
Stylo154 ( Date: 22-Jul-2011 11:21) Posted:
ya spoken to my broker, but the problem is the bank and sgx got no tiger shares to borrow.
alexchia01 ( Date: 22-Jul-2011 11:19) Posted:
Call your broker for help.
They can help to to open a script borrowing account and help you cover this naked short |
|
|
|
hi alex, u mean even if SGX managed to buy in for me at the buy in date, i will still get fined?
alexchia01 ( Date: 22-Jul-2011 11:26) Posted:
You got 3 to 5 working days, the contra period, to get this done.
Once this gets to SGX after the contra period, SGX will fine you.
So, you must get your broker to get this done ASAP.
As long as this is still within your brokerage house control, they should be able and want to help you because they won't want to loss you as a client.
alexchia01 ( Date: 22-Jul-2011 11:19) Posted:
Call your broker for help.
They can help to to open a script borrowing account and help you cover this naked short |
|
|
|
You got 3 to 5 working days, the contra period, to get this done.
Once this gets to SGX after the contra period, SGX will fine you.
So, you must get your broker to get this done ASAP.
As long as this is still within your brokerage house control, they should be able and want to help you because they won't want to loss you as a client.
alexchia01 ( Date: 22-Jul-2011 11:19) Posted:
Call your broker for help.
They can help to to open a script borrowing account and help you cover this naked short.
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
|
|
ya spoken to my broker, but the problem is the bank and sgx got no tiger shares to borrow.
alexchia01 ( Date: 22-Jul-2011 11:19) Posted:
Call your broker for help.
They can help to to open a script borrowing account and help you cover this naked short.
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
|
|
Call your broker for help.
They can help to to open a script borrowing account and help you cover this naked short.
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
you can try to write in for first-timer. They usually wont fine you $1000. As for the gain/loss...they will buy at 2 bid higher and whatever gain loss you will have to bear.
Stylo154 ( Date: 22-Jul-2011 11:09) Posted:
wu hia bo? i tot will buy in first then failed den will kana fine?
nickyng ( Date: 22-Jul-2011 10:59) Posted:
|
wah! u more garang than me siah!! for a start...SGX will fine u S$1000 first!! then tok later abt ur gain/loss ...hee :P
|
|
|
|
go study your rules before trading la....my advice
Stylo154 ( Date: 22-Jul-2011 11:09) Posted:
wu hia bo? i tot will buy in first then failed den will kana fine?
nickyng ( Date: 22-Jul-2011 10:59) Posted:
|
wah! u more garang than me siah!! for a start...SGX will fine u S$1000 first!! then tok later abt ur gain/loss ...hee :P
|
|
|
|
SGX will never failed to buy-in, it is always the higher price when it happens.
wu hia bo? i tot will buy in first then failed den will kana fine?
nickyng ( Date: 22-Jul-2011 10:59) Posted:
wah! u more garang than me siah!! for a start...SGX will fine u S$1000 first!! then tok later abt ur gain/loss ...hee :P
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
|
|
Why dont use cfd for shorting. No fine to worry.
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
u really rich sia....kanna fine $1k liao la....brave!!!
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
wah! u more garang than me siah!! for a start...SGX will fine u S$1000 first!! then tok later abt ur gain/loss ...hee :P
Stylo154 ( Date: 22-Jul-2011 10:36) Posted:
|
hi all, i shorted yesterday for tiger at 10 lots and failed to cover within the same day.
Please advise what will happen next? Got to wait till SGX buy in?
|
|
Tiger Airways Australian court hearing delayed to July 28.
