Milo's TA discussion and sharing thread

[Hardware2003]

I use uob trading and short sell has to buy back within one day. If not, sgx will buy back on the forth day which may wipe off more than 50% of your sell price.

Please be careful.

feel like trying small 'short sell'
i have some questions.

if i short sell stock A on Fri.
i have T+3 to return so by next Wed 5pm I must return right?

then how to i return the stock? do i just use the normal 'Buy' button as if buying long and buy back the same amount of stocks. then wait for my broker automatic eat back the stock is it?

if i short sell on Fri eg. 10AM, then can I buy back at 4PM same day?

i don't have to pay any REAL $$ for short sell right? although there is a short sell limit on my trading account?

 

[Sinkie]

I use uob trading and short sell has to buy back within one day. If not, sgx will buy back on the forth day which may wipe off more than 50% of your sell price.

Please be careful.

yeah, all the singapre shares trading account (except those custodian account like standchart) also can short sell.

 

[TheHeist]

For naked short sell (ie not shorting with CFD or borrowed scripts), you need to buy back within the same day.

If you don't, SGX will auto buy back for you on T+3. You will be charged additional admin expenses for troubling SGX.
If SGX fails to buy back on T+3 for whatever reason, you will get a penalty. I heard it's like $1k for every single day that they fail to buyback... need others to confirm

Whether buyback successful or not, I thought the penalty will be imposed?

 

[BusteR]

short sell so many 'hidden' rules and regulations.
think i give it a skip.

now thinking whether i shld jump from UOBKH to SCB or not for the free commission but still keep UOBKH because got good trading tools?

 

[Zkinny]

Any can give a guide on how high STI may go up this round?

 

[actman]

although short selling can make or lose(in the worst case) $$$ fast, the rules is not favorable for retailers/peasant.

retailers/peasant can only watch how institution make $$$ fast fast by short selling

 

[Milo-Dino]

Any can give a guide on how high STI may go up this round?

if we knew... we would be millionare/billionaires??

 

[Sinkie]

Whether buyback successful or not, I thought the penalty will be imposed?

nope, if buy back is successful, u pay the +2 bids + $80 admin fee + brokerage fee. no need to pay $1000 fine

if buy back is not successful, u pay the $1000 fine (which can be waived for first attempt), then next day, they will try to buy back again, if successful, is pay 2 bid + $80 admin fee + brokerage fee.

If buy back is unsuccessful again, then u pay $2000 fine (which can be waived for first attempt)

until i think the 3rd attempt by sgx buy in fails, u will be asked to buy back yourself from open market

 

[Sinkie]

although short selling can make or lose(in the worst case) $$$ fast, the rules is not favorable for retailers/peasant.

retailers/peasant can only watch how institution make $$$ fast fast by short selling

yeah, then bobian has to use cfd or sbl (share borrowing lending acct)

 

[Sinkie]

Any can give a guide on how high STI may go up this round?

how high, it is ususally sky is the limit

 

[Seannie]

how high, it is ususally sky is the limit

If u think STI gg break new highs u guys are fatally wrong. Smetime nect yr or so DOW gg collapse & whole world follows. Property & gold prices will dive and next decade is gg to be a painful one. Better make whateber killings u can now then lockup ur cash under your bed.

 

[Seannie]

Short selling then kena trading halt or suspend how? Everyday tio $1k fine till u bankrupt???

 

[Zkinny]

Can TA ezion holding? thanks!

 

[Sinkie]

Can TA ezion holding? thanks!

$2.10 support lor

 

[Zkinny]

$2.10 support lor

look like friday is not a good buying time.

 

[JinHockie]

sinkie please take a look. am i doing it right or wrong?

 

[Sinkie]

sinkie please take a look. am i doing it right or wrong?

Later I go home mark.. Haha..

Yeah but like what milo say, use candlestick.

I pm u the version I would draw base on this chart later

 

[sAVaGEmP5]

If u think STI gg break new highs u guys are fatally wrong. Smetime nect yr or so DOW gg collapse & whole world follows. Property & gold prices will dive and next decade is gg to be a painful one. Better make whateber killings u can now then lockup ur cash under your bed.

2011 they say 2012 will collapse, 2012 say 2013 collapse, now already Sept 2013 (next wk) and u saying 2014 will collapse. how about 2015 and 2016 ?

Markets will eventually collapse and grow stronger, so i dont really know your statement is out of jealousy (cos u didnt invest and make some $) or u say to feel good.

But I think u are just saying to feel good. Good luck hehe.

 

[Sinkie]

sinkie please take a look. am i doing it right or wrong?

Done, my version of the chart in your pm liao

Go figure up, how i draw these line.

 

[SpeedingBullet]

my TA on stinktel..