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nickyng Supreme	22-Jul-2011 15:05        nickyng About Contact  Quote this Post!
x 0   x 1  Alert Admin	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
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Stylo154 Member	22-Jul-2011 14:56        Stylo154 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?
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belgeran Veteran	22-Jul-2011 12:49        belgeran About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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risktaker Supreme	22-Jul-2011 12:27        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Sometimes you think you know, but in fact you dont"
x 0   x 0  Alert Admin	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?
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belgeran Veteran	22-Jul-2011 12:15        belgeran About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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belgeran Veteran	22-Jul-2011 12:10        belgeran About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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alexchia01 Elite	22-Jul-2011 11:34        alexchia01 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Catch The Stars And Ride With Them"
x 0   x 0  Alert Admin	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.
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alexchia01 Elite	22-Jul-2011 11:31        alexchia01 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Catch The Stars And Ride With Them"
x 0   x 0  Alert Admin	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
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Stylo154 Member	22-Jul-2011 11:28        Stylo154 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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alexchia01 Elite	22-Jul-2011 11:26        alexchia01 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Catch The Stars And Ride With Them"
x 0   x 0  Alert Admin	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?
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Stylo154 Member	22-Jul-2011 11:21        Stylo154 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?
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alexchia01 Elite	22-Jul-2011 11:19        alexchia01 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Catch The Stars And Ride With Them"
x 0   x 0  Alert Admin	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?
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james87 Veteran	22-Jul-2011 11:14        james87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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maxcty Master	22-Jul-2011 11:13        maxcty About Contact  Quote this Post! Style: Combined   Mood: Yells: "always a learning day for me in trading"
x 0   x 0  Alert Admin	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
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limkt009 Veteran	22-Jul-2011 11:12        limkt009 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Watch your front, grab $$$$$ at your own time"
x 0   x 0  Alert Admin	SGX will never failed to buy-in, it is always the higher price when it happens.
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Stylo154 Member	22-Jul-2011 11:09        Stylo154 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?
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bishan22 Elite	22-Jul-2011 11:07        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?
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maxcty Master	22-Jul-2011 11:03        maxcty About Contact  Quote this Post! Style: Combined   Mood: Yells: "always a learning day for me in trading"
x 0   x 0  Alert Admin	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?
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nickyng Supreme	22-Jul-2011 10:59        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	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?
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derekchong Veteran	22-Jul-2011 10:44        derekchong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tiger Airways Australian court hearing delayed to July 28.
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