tag:blogger.com,1999:blog-2580989564838748562.post7085950003394377409..comments2023-09-03T20:21:47.133+08:00Comments on Financial Freedom SG: SGX Buy In - S$900,000 in Just One Day on the 12 MayLemizeraqhttp://www.blogger.com/profile/14066758470866342603noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2580989564838748562.post-46869013701715843082010-05-26T23:16:37.002+08:002010-05-26T23:16:37.002+08:00thanks :)thanks :)Andynoreply@blogger.comtag:blogger.com,1999:blog-2580989564838748562.post-84873151017968909692010-05-24T21:43:27.383+08:002010-05-24T21:43:27.383+08:00Hi Andy,
1) Not sure that every broker will let y...Hi Andy,<br /><br />1) Not sure that every broker will let you buy in the next day. I know some brokers have an extra day for you to buy back, but it is not advised. You may want to check out CFDs- Contracts For a Difference, which allows a longer period for short selling, at the expense of a fee and margin. <br /><br />So you should check with the broker. Don't end up with a situation where you buy in the next day and the SGX does it too via your brokers on the same day too. <br /><br />2) Yes, that is CFDs or you can use the Share Borrowing facility that some brokers provide. But again, there is a fee for this.<br /><br />3) It isn't legal, but i think it is not encouraged. You can sell short a share within your own sell limit set by your broker. <br /><br />I wouldn't encourage you to sell short on a 1 day frame, you could try it out with CFDs or Share Borrowing which has a longer time frame. So if your analysis bear fruit, the share will go down. <br /><br />But as Peter Lynch the investor said, even lousy company shares can keep going up for longer than you can hold a short position. So I wouldn't advise it.<br /><br />Thanks for visiting.<br /><br />LemizLemizeraqhttps://www.blogger.com/profile/14066758470866342603noreply@blogger.comtag:blogger.com,1999:blog-2580989564838748562.post-21342953983941211572010-05-20T01:14:20.893+08:002010-05-20T01:14:20.893+08:00nice post...
sorry, i am not very well-versed wit...nice post...<br /><br />sorry, i am not very well-versed with this... may i ask:-<br /><br />1) if i sell short today and buy back tomorrow, then the concept of 'buy in' won't apply to me right?<br /><br />2) I heard that there is a facility for us to borrow shares so we can hold on short positions longer. But in the above example where i sell today and buy back tomorrow, I won't have to 'buy-in'?<br /><br />3) Is it legal to sell short without borrowed shares? Or can we just go out and sell any share even if we don't own them? Any collateral/security needed to sell short?<br /><br />Your insight would be greatly appreciated. Nice blog btw... :)Andynoreply@blogger.com