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CitySpring
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teeth53
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16-Feb-2007 13:24
Yells: "don't learn through life, learn to grow with life " |
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SGX don encourage shorting, so no such model for shorting, they has cut down to single day from 3days, if i m wrong, pls correct me. For UT, the wat it trade, sure don courage shorting, but it still trade some what like the rest, maybe U can explain better, thk yahh.. |
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sohguanh
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16-Feb-2007 13:14
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Thanks teeth53 for your advice. It seem short sell and contra are PURE gambling tactics ignoring a stock FA totally. Now I wonder if another trading model can be formed to satisfy these short sellers? We have CFD for contra players but any new services to satisfy short sellers? If a similar tool play is available elsewhere for those two groups of ppl, then share trading on SGX becomes a pure genuine investor interest play and win win for all parties isn' it? This short sell and contra has been ard since the day SGX is born and no one put a stop to these tactics? I believe Unit Trust put a stop to all that with their improvised trading model and I do not see much of short and contra players in UT arena for obvious reasons! |
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teeth53
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16-Feb-2007 13:09
Yells: "don't learn through life, learn to grow with life " |
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Something like that, but they R = quick to cut lost, they don wait unless they wnated to lost more, shortise short will oso buy back on long to cover their lost knowing px is fast moving up. (short 5 lots - can't buy back at lower px, so buy long 10 lots to sell on contra). just pure gambling. | |||||||||||||||||||||
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teeth53
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16-Feb-2007 13:03
Yells: "don't learn through life, learn to grow with life " |
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POEMS will encourage us to play short selling? Well conputer trading oso won't do if good luck is not with U. many at times computer is to slow or get jammed, then if suddenly if px move up (what U can do to short, u can't keyin for lower px if computer get slow down. oni choice is to buy at a lost unless U R very sure 100% sure px will drop), oni dealers or remisers can do that. |
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sohguanh
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16-Feb-2007 12:57
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I also discover a loophole in shortist strategy. If the price shoot up instead of down and near closing time they need to cover back and if alot shortist at work the price could shoot up dramatically. So ppl like us can take this opportunity to unload to them at their expense!!!! It sounds like sweet revenge for us the longtist? :P |
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sohguanh
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16-Feb-2007 12:54
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Thanks teeth53 after say so much but I think concerned ppl should visit below URL for a tutorial on short selling. Reading through will make you more understand teeth53 replies. Aha the wonders of Internet!!!! http://www.investopedia.com/university/shortselling/ To do short selling, one must register a margin account with brokerage firms? I think my broker very straight kind won't encourage me to do shorting then how? POEMS will encourage us to play short selling? |
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teeth53
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16-Feb-2007 12:52
Yells: "don't learn through life, learn to grow with life " |
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Then oni shortise win (short low, buy back back lower). Not advisable to do shorting unless U know px is 100% coming down... | |||||||||||||||||||||
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teeth53
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16-Feb-2007 12:48
Yells: "don't learn through life, learn to grow with life " |
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So thereotically if after shorting the price shot above 1.46 then muz buy back at higher price? NO NO NO, must buy back at lower px and on d same day only |
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teeth53
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16-Feb-2007 12:45
Yells: "don't learn through life, learn to grow with life " |
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Hi Sohguanh, Truthly, well said. when px drop to say to $1.46, then suddenly px move up say by 1, 2 or even 3 cents, now it is trading at 5cents, so shortise mati liao, shortise will have to cover back in double quick time. |
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alpha23
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16-Feb-2007 12:40
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u need to buy back the share within the same day, rite? | |||||||||||||||||||||
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teeth53
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16-Feb-2007 12:39
Yells: "don't learn through life, learn to grow with life " |
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Married deal done $1.19 to $1.34, open $1.35, tested above $1.50 and settled at $1.48c, different btw $1.35c to $1.48c is 0.13c or 9.63% upside and ipo px $0.89c, closed at $1.48c, (+0.59c or 66.29%) reasonable upside. Potietial upside of$1.89c still there "KongXi ipo winner again. Hi to all shostise, ple be aware BBs is watching, they R vested here at px above $1.48c, just my tot. |
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sohguanh
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16-Feb-2007 12:37
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Let me try to understand. Short sell 1 lot at $1.46 Then must buy back that 1 lot < 1.46 so let's say at 1.45 so difference is $10 ? So if short 10 lots difference is $100? How does that benefit short sellers? They only get to buy the shares at earlier pricing? So thereotically if after shorting the price shot above 1.46 then muz buy back at higher price? |
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SYDNEYsunshine
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16-Feb-2007 12:34
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teeth55.. i hv already bought another lot at 1.5 and another at 1.48..... now hoping for it to move up more :) | |||||||||||||||||||||
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teeth53
Supreme |
16-Feb-2007 12:31
Yells: "don't learn through life, learn to grow with life " |
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Not the mkt closing price, px lower then shorted px eg $1.46c (Short at 1 lot, then one lot shorted - must buy back lower then $1.45c to cover back the short supply script) but at oni one lot different, it don make sense, maybe 5 or 10 lot make sense, co's of sell/buy commis.. or unless BBs is holding not enough share and wanted to buy badly.....at lower px, again say below certain px. hope it help. Best Regards |
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sohguanh
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16-Feb-2007 12:21
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Just to sidetrack but how does short selling works? Can give an example? Short selling means you don't have shares on hand but you do a sell correct? Then at the end of the day you MUST buy back the earlier lots you sell correct? So the buy back price is the market closing price? Any example will be appreciated. Thanks. |
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teeth53
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16-Feb-2007 12:20
Yells: "don't learn through life, learn to grow with life " |
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In actual fact shorting at $1.46c, for each lot shorted now lost $50/-, it is no good to short, do urself a flavour, buy at $1.46c. | |||||||||||||||||||||
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teeth53
Supreme |
16-Feb-2007 12:16
Yells: "don't learn through life, learn to grow with life " |
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Hi all to potiential shortise, For today, at $1.44c. U can't really do a short, the lowest as U can See is $1.46c (done 17x with oni 154 lots traded). In fact those doing a short say at 1.50c will have to buy back now at $1.51c, so beware those BBs is watching, just mt tot. |
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teeth53
Supreme |
16-Feb-2007 12:05
Yells: "don't learn through life, learn to grow with life " |
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HI Sohguanh, In full agreement with U. Yahh.. this counter is for long term & not short term. potiential from upside $1.48c/$1.50c to $1.80c/$1.89c is still there..just my tot.
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sohguanh
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16-Feb-2007 11:18
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It is now over 1.50 seem those lots sold at 1.40 - 1.50 has been snapped up. Now I wonder how many ppl lose monies due to contra play for the first day buy in at 1.40 - 1.50 ? IndoFood is also rising up again but the drop is more drastic so now recovery is we hope is fast. |
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sohguanh
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16-Feb-2007 10:58
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I am a genuine investor. I neber short sell or contra before in my whole life playing shares. Others can play and I just cope with it. Maybe it is that 'no seed' mindset in me hahahahahaa..... | |||||||||||||||||||||
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