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Shorting the market.........


Galantspeedz
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Pls note that SGX has imposed a penalty of 5% (Min. $1,000) of contract value when you do naked short selling. Even if you accidently short, the penalty is still valid.

 

For naked short-selling in the buy-in market, the penalty is $50,000 and/or banned from buy-in market.

 

Dun anyhow key hor......... check first then sell............

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Bro...if I'm fully clothed when short selling, does that exonerate me from the penalty? [sly][:p]

 

Btw...simi si short-selling? Sorry, I'm not into SGX thingie so the term is actually alien to me [;)] Thanks

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if u fully clothed but forgod to zip up.. confirm u will be fined.

 

short selling is a term to mean the punter lost everything. last time pple lost pants, lost sarong. now lost even more, shorts, underwear, panties, g-string, and wat hv u is not spared.

 

so short until leave u naked.

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Buy-in is when people short and this short position is not covered back on the same day. So SGX will have to buy-in (means buying the share) to cover the client's short position. Prices will usually be few bids higher.

 

So you have a much higher chance of selling your shares at a higher price in the buy-in market

 

Happens at 11.45am i think.

 

Hopefully my explaination is correct...

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