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SGX - change in minimum bid size, good or bad? Post Reply Rate topic
Hulumas Supreme	01-Jul-2011 09:31        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	It is not good nor bad, it is excellent! xing78      ( Date: 01-Jul-2011 00:03) Posted: Starting 4-July, minimum bid size to be reduced. http://www.sgx.com/wps/wcm/connect/cp_en/site/press_room/news_releases/sgx+reduces+bid+size%2C+cuts+trading+cost?presentationtemplate=design_lib/PT_Printer_Friendly Will this really promote higher frequency trading on penny stocks? Is this good or bad.   Starting 1-Aug, All day trading. http://www.sgx.com/wps/wcm/connect/cp_en/site/press_room/news_releases/sgx+securities+market+trades+all+day+from+1+august?presentationtemplate=design_lib/PT_Printer_Friendly  What the hell! No lunch break?
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Hulumas Supreme	01-Jul-2011 09:29        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	I am afraid, you have wrong perception perhaps! khlixin      ( Date: 01-Jul-2011 02:49) Posted: If u short from 0.005 to 0.001, needs 4 trades, 4 times fixed trading cost instead of one if the trading spread is 0.005, so will the investor benefit from the new rule ?  xing78      ( Date: 01-Jul-2011 00:44) Posted: That's what I think too. Like that will be challenging to short penny stocks leh.
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Hulumas Supreme	01-Jul-2011 09:27        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	The effect neither inducing the long nor short the penny stocks market sentiments, one thing for sure, it will stimulate the frequency of transaction, hence, in some larger extent. . .the volume trading too! I welcome most this new policy set up, it is mostly contributed and act as catalyst  to  the  small and penny stocks volume transaction frequency trading liquidity problem so far. khlixin      ( Date: 01-Jul-2011 02:49) Posted: If u short from 0.005 to 0.001, needs 4 trades, 4 times fixed trading cost instead of one if the trading spread is 0.005, so will the investor benefit from the new rule ?  xing78      ( Date: 01-Jul-2011 00:44) Posted: That's what I think too. Like that will be challenging to short penny stocks leh.
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Hulumas Supreme	01-Jul-2011 09:19        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	It is still ONE time trading cost! It all depends on you want to short and transacted done at Sgd. 0.005 or 0.004 or 0.003 or 0.002! khlixin      ( Date: 01-Jul-2011 02:49) Posted: If u short from 0.005 to 0.001, needs 4 trades, 4 times fixed trading cost instead of one if the trading spread is 0.005, so will the investor benefit from the new rule ?  xing78      ( Date: 01-Jul-2011 00:44) Posted: That's what I think too. Like that will be challenging to short penny stocks leh.
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khlixin Member	01-Jul-2011 02:49        khlixin About Contact  Quote this Post!
x 0   x 0  Alert Admin	If u short from 0.005 to 0.001, needs 4 trades, 4 times fixed trading cost instead of one if the trading spread is 0.005, so will the investor benefit from the new rule ?  xing78      ( Date: 01-Jul-2011 00:44) Posted: That's what I think too. Like that will be challenging to short penny stocks leh.  des_khor      ( Date: 01-Jul-2011 00:40) Posted: Good for SGX and brokerage only !
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xing78 Elite	01-Jul-2011 01:39        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can try to short Digiland tomorrow? Haha... short it down to $0.001. Potential 400% gainer.   :p  warrenbegger      ( Date: 01-Jul-2011 01:20) Posted: Maybe :) There's a chance for them to go down more and lose more. From bottom to more bottom? Eg, invest 5000 at 0.005 and if go down to 0.001 will become 1000 ???   xing78      ( Date: 01-Jul-2011 01:08) Posted: Will there be panic selling tomorrow for penny stocks like Lereno, MDR, Sunmoon, etc... with last done @ 0.005?  On 4-July, any chance for these counters to go down further ... 0.004, 0.003, 0.002, 0.001?
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warrenbegger Elite	01-Jul-2011 01:20        warrenbegger About Contact  Quote this Post!   Mood: Yells: "Anyhow Buy Anyhow Die ^_^"
x 0   x 0  Alert Admin	Maybe :) There's a chance for them to go down more and lose more. From bottom to more bottom? Eg, invest 5000 at 0.005 and if go down to 0.001 will become 1000 ???   xing78      ( Date: 01-Jul-2011 01:08) Posted: Will there be panic selling tomorrow for penny stocks like Lereno, MDR, Sunmoon, etc... with last done @ 0.005?  On 4-July, any chance for these counters to go down further ... 0.004, 0.003, 0.002, 0.001?
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xing78 Elite	01-Jul-2011 01:08        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will there be panic selling tomorrow for penny stocks like Lereno, MDR, Sunmoon, etc... with last done @ 0.005?  On 4-July, any chance for these counters to go down further ... 0.004, 0.003, 0.002, 0.001?
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andreytan Veteran	01-Jul-2011 01:02        andreytan About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX come out this to make money. Don't forget they are a public listed coy who need to make profit. As to invester will make money or not? I don't think they care.
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xing78 Elite	01-Jul-2011 00:44        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's what I think too. Like that will be challenging to short penny stocks leh.  des_khor      ( Date: 01-Jul-2011 00:40) Posted: Good for SGX and brokerage only !
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des_khor Supreme	01-Jul-2011 00:40        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is the God or MFT from this forum??"
x 0   x 0  Alert Admin	Good for SGX and brokerage only !
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xing78 Elite	01-Jul-2011 00:28        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just want to know, if Company A priced at $0.18 (last done price) and I bid at $0.165 on 4-July, will my order still be processed under the newly introduced reduced minimum bid size? :p
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xing78 Elite	01-Jul-2011 00:03        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Starting 4-July, minimum bid size to be reduced. http://www.sgx.com/wps/wcm/connect/cp_en/site/press_room/news_releases/sgx+reduces+bid+size%2C+cuts+trading+cost?presentationtemplate=design_lib/PT_Printer_Friendly Will this really promote higher frequency trading on penny stocks? Is this good or bad.   Starting 1-Aug, All day trading. http://www.sgx.com/wps/wcm/connect/cp_en/site/press_room/news_releases/sgx+securities+market+trades+all+day+from+1+august?presentationtemplate=design_lib/PT_Printer_Friendly  What the hell! No lunch break?
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