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Short sell fine, buy in
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Alligator
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15-May-2009 06:53
Yells: "learning from past " |
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Geneva88, Yes, Cash account ( your CDP hold the shares) and CPF account are totally different. If you SELL a stock held in CPF using Cash account , it is a naked short sell! Because they cannot find your holding in CDP!. Please be very sure of clicking CPF when you want to SELL those shares held in CPF.
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Alligator
Veteran |
15-May-2009 06:48
Yells: "learning from past " |
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From SGX website, May 14 Buy in TOTAL S$ 1,187,922.63, wow, big timer is Cosco, S$462K , wow.. Buying-in Executed on May 14, 2009 SECURITY TOTAL QTY EXECUTED CURR TOTAL VALUE ALLGREEN 2,000 S$ 1,570.00 ARMSTRONG 50,000 S$ 10,000.00 ASIATIC GRP 2,000 S$ 300.00 ASL MARINE 5,000 S$ 4,425.00 BUKITSEMBAWANG 1,000 S$ 3,150.00 CAPITACOMM 1,000 S$ 1,070.00 CAPITALAND 3,000 S$ 9,660.00 CAPITAMALL 12,000 S$ 16,800.00 CEREBOS PAC 1,000 S$ 3,040.00 CHARTERED 4,000 S$ 800.00 CHINA HONGX 30,000 S$ 6,150.00 CHINA MILK 20,000 S$ 11,000.00 CHINA XLX 13,000 S$ 6,305.00 CITY DEV 3,000 S$ 23,370.00 COSCOCORP 350,000 S$ 462,000.00 CSC HOLDINGS LTD 28,000 S$ 4,760.00 DBS 1,000 S$ 11,440.00 ETIKA 40,000 S$ 6,800.00 EUNETWORKS 480,000 S$ 19,200.00 EZION HLDG 200,000 S$ 89,000.00 EZRA 45,000 S$ 61,200.00 FRASERSCOMM 58,000 S$ 14,790.00 FREIGHT LINKS 1,000 S$ 100.00 FU YU 111,000 S$ 11,100.00 G K GOH 4,000 S$ 2,340.00 GENTING SP 8,000 S$ 6,120.00 GLD 10US$ 20 US$ 1,820.40 HL ASIA 4,000 S$ 4,160.00 HONG KONG LAND 10,000 US$ 28,400.00 INDOAGRI 11,000 S$ 13,310.00 JIUTIAN CHEM 50,000 S$ 7,500.00 KEPLAND 12,000 S$ 37,200.00 KEPPELCORP 1,000 S$ 6,840.00 KOH BROTHERS LTD 10,000 S$ 2,450.00 KS ENERGY 5,000 S$ 6,500.00 NOL LTD 5,000 S$ 7,100.00 OCBC BK 3,000 S$ 20,610.00 OCEANUS 20,000 S$ 5,000.00 PAN-UNITED LTD 8,000 S$ 4,560.00 PENGUIN 50,000 S$ 6,250.00 PLATO CAP 17,000 S$ 935.00 RADIANCE 20,000 S$ 2,700.00 RAFFLESEDU 10,000 S$ 4,850.00 RH ENERGY 3,000 S$ 450.00 S I A 1,000 S$ 12,160.00 SBSTRANSIT 1,000 S$ 1,660.00 PAGE 1 Buying-in Executed on May 14, 2009 SECURITY TOTAL QTY EXECUTED CURR TOTAL VALUE SEMB CORP 1,000 S$ 3,040.00 SEMBMAR 6,000 S$ 16,800.00 SGX 6,500 S$ 48,880.00 SING TEL 20,007 S$ 54,819.18 SINGHLDG 30,000 S$ 5,850.00 SINOMEM 45,000 S$ 8,100.00 SINWA 1,000 S$ 280.00 SPC 4,000 S$ 17,800.00 SPH 2,150 S$ 6,413.45 STRAITS ASIA 6,000 S$ 8,100.00 SUNTECREIT 5,000 S$ 4,475.00 SWISSCO 10,000 S$ 6,250.00 TUAN SING 30,000 S$ 4,500.00 WILMAR 7,000 S$ 30,940.00 YANGZIJIANG 50,000 S$ 36,750.00 YONGNAM 20,000 S$ 4,200.00 ====================================== TOTAL S$ 1,187,922.63 US$ 30,220.40 |
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Geneva88
Member |
13-May-2009 18:25
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Does it means that if we want to sell a stock online paid by CPF we need to click CPF? | ||
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OneSharer
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13-May-2009 15:51
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With the recent mkt (whether bear trap/bull), would think more difficult for shortists...? |
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Alligator
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13-May-2009 15:10
Yells: "learning from past " |
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SOME investors rushing back into the red-hot market have been caught
out by new rules on short-selling and heavily fined for selling shares
that they did not actually own. They have been told by the Singapore Exchange (SGX) to pay fines of $1,000 or more within five days of failing to settle their trades. The penalties were introduced last September to deter 'naked' short-selling during a period of near panic on global bourses. Such short-selling occurs when a trader sells a stock he does not own or has not borrowed in the hope that the price will fall. This would allow him to pocket the difference. But the SGX appears to be catching an increasing number of 'innocent' investors who fail to deliver small quantities of shares when a trade is due to be settled three days after it is transacted. The trades are usually 1,000 or 2,000 shares of a blue chip like DBS Bank or SingTel. When investors fail to come up with the shares at settlement, the SGX has to buy the stock on a specially established buying-in market. It then delivers the shares to the buyer on the seller's behalf - as well as levies a hefty fine. The number of failed trades has risen sharply in line with the rise in daily market volumes. They have more than doubled in the past month, from 1.4 billion shares to 3.7 billion. Two weeks ago, the SGX buying-in market attracted trading in about 10 to 15 counters a day. By yesterday, the list of counters traded had grown to 50. Many of these failed trades have apparently been made by retail investors returning to the market after a long absence. They are selling online shares held in Central Provident Fund (CPF) accounts without specifying that they are CPF trades, or their accounts were not properly linked up to the SGX. One remisier gave the example of a client fined $1,000 after selling 1,000 OCBC shares online. |
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