yeah
i sold 40 lots today n sgx will buy back for me t+4 which is on wed
if i buy back tomolo at 40 lots which means i need to pay for the 40 lots 1st rite? but there's a time period for me to pay up... want to comfirm whether the date to pay up is on wed or tue
if i need to pay up on wed. dat means i don need to pay for the 40 lots i buy tomorrow. which will cover for today short.

if i need to pay the 40 lots dat i buy for tomorrow by tue... dat means i don have the amt of money to pay for it... may need to seek for help from my friends to borrow me the amt.

blitz shifu where r u...... i getting my head spinning at sgfund there.... they r make the situation become bigger n bigger... they took out the CDP rules... saying it will buy in the price at the highest closing date of the previous date... does this means the closing at 0.34 n the highest at 0.37, they will take 0.37+0.01 to buy in the next day?
n also if the buy in is not successful it will bring forward to the afternoon section... n no buy in then bring to next day... the more i read the more i am scare now...
i am like in the deepest shit i ever got in....
lucky now the market is weak... just saw dow dropping n the rest of the markets are in red...

hey sorry. was sick, so whole day was in bed. shocked when i finally came here and saw ur message...

your case, listen to your broker! I don't short, but if i rem correctly.... once u short, the brokerage will buy at the close that day. So if you go and buy in somemore, you might be digging another hole.

best to call up your broker or the brokerage directly to check on the rules and on your situation (explain it to them). Don't ask them what to do....just ask them what you can do now.

dear cool79,
if you are so scared abt this trade, why not just do your own hedging by buying fr the mkt tmr? ur loss will be contained and u will be at least be in control of your own fate. square the open buy when the exchange closes your open sell on T+4. your losses should nt spiral out of control unless the price rise too much on buy-in day. btw, buy-in for this kind of shares are usually 99% filled in the morning, so, dun think too much.
trust me, this kind of mistake should not be making you lose sleep. wait till u hear abt the poor bloke who added an extra 0 to his 100,000 shares order.

__________________
Like a phoenix, I rise from the ashes to begin life anew......

my broker told me to just wait for his call to buy in if need

funny thing is he told me not to buy in at low price... but if it hit a high price then buy in.... i am still a bit puzzle abt y he want me to buy in high....

but from the looks of the world market... it's goin through a correction period if i am not wrong...

the thing i can think of y he told me not to buy in low is cos... it is possible dat yongnam will drop furthermore in T+4 when cdp buy in... but risk is higher than i hedge the situation... shifu what u advise me??? i don know if sgfund is giving gd advice a not...

i did contacted another 2 remisier abt this issue... but they told me the same things dat the forums say... buy at low price n sell when the day cdp buy in...

risefromashes
u mean 99% CDP will buy in from 10:45 to 11:15? so the price will be ard this period?

i did heard b4 the poor broker key in an extra 0 before... if he is fixed pay type onli gana butter up... if not i also die till he cry till tomorrow...

you can't buy in for your open sell now IIRC...meaning it's left in the hands of the exchange alrdy

however like wat risefromashes said, you can create another position that hedges your original open sell. i.e. either way it goes, you're covered by the other position

yeah
this 1 i understand

after long thinkin
i finally understand what my broker is tell me liao... " don buy at low but buy high"

as the market is goin through a correction period, the counter may goes down further... chances of it goin down low is high as we can see from the world indice now....
so let's say yongnam go down to 0.20... don buy in... wait till T+4 dat date or which ever day the counter hit to 0.28 then buy in note dat my naked short is at 0.2775... so this is hedge the whole situation... finally after long thinking n askin ard... i got the ans to my question...

the problem is how did my remisier forsee dat the world indice may go down...

risefromashes
u mean 99% CDP will buy in from 10:45 to 11:15? so the price will be ard this period?

firstly, cdp is just a depository. it is the exchange who conducts the buy-in. the timing, unless it has changed within the last six mths, is precisely at 11.15. remisiers are drawn to this mkt like flies to poo. everyone will be very willing to sell to you at your buy-in price since it is usually higher than the prevailing mkt px. those that has difficulty filling orders are usually warrants and thinly traded shares in big qty. as for yongnam, i bet my last dollar that it will be filled within a sec after 11.15.

__________________
Like a phoenix, I rise from the ashes to begin life anew......

looks like the market is down goin down... hope for the best!!!... yongnam don make me loss too much money...
i don dare to see the market liao... i bought unifiber at 0.255 then sold off at 0.25... loss 160 liao...

don dare to see liao... no eyes to see the market... think i go n take a nap... scared till my balls become super small