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MichaelSchenker Master	23-Feb-2018 09:08        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	I did not realised yesterday bank buy-back. Today, the surge continues. Sad for myself, I sold yesterday. Anyway I will still congratulate holders. OCBC is a very good stock indeed, and looking good for 2018. Current Last done: 12.33 FATABA      ( Date: 22-Feb-2018 13:46) Posted: Beside this buy back ,  OCBC has also allocated $$ well into its il NPL ( well taken care of this qtr) further the v possibility of taking profitable GE private again ( a big contributor this qtr) .......another v good reason why OCBC is not giving out special dividend.  Dyodd.  casarasa      ( Date: 22-Feb-2018 11:52) Posted: Ocbc has been buying back 600,000 of its share over the last 3 days at average price of 12.90.
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FATABA Supreme	22-Feb-2018 13:46        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Beside this buy back ,  OCBC has also allocated $$ well into its il NPL ( well taken care of this qtr) further the v possibility of taking profitable GE private again ( a big contributor this qtr) .......another v good reason why OCBC is not giving out special dividend.  Dyodd.  casarasa      ( Date: 22-Feb-2018 11:52) Posted: Ocbc has been buying back 600,000 of its share over the last 3 days at average price of 12.90.
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leongyan Master	22-Feb-2018 12:24        leongyan About Contact  Quote this Post!
x 0   x 0  Alert Admin	thats why didnt drop much compared to UOB.. DBS is different due to its huge div which is holding up the stock price casarasa      ( Date: 22-Feb-2018 11:52) Posted: Ocbc has been buying back 600,000 of its share over the last 3 days at average price of 12.90.
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casarasa Member	22-Feb-2018 11:52        casarasa About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Ocbc has been buying back 600,000 of its share over the last 3 days at average price of 12.90.
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Charlyn Veteran	22-Feb-2018 11:46        Charlyn About Contact  Quote this Post!
x 0   x 0  Alert Admin	PhilipCapital indicated long positions above 11.90 with targets at 13.35 & 14.08 in extension.
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Battle123 Elite	22-Feb-2018 11:08        Battle123 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Wah today quite resilience
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FATABA Supreme	21-Feb-2018 10:24        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OCBC is not using a sail as in its logo ....its a powering up to be a jet boat..... S$13 ...will it past today .   FATABA      ( Date: 19-Feb-2018 10:34) Posted: Very strong FA on OCBC ...4,1B profit and expected continue rise in Interest rate for 2018 ...wealth mgt business and Insurance bz marching on > whatever the TA...funds and investor would like a piece of these actions....the banks ( esp DBS ) are taking turns to push STI higher DYOD....12.88 ( auspicious number cross today) .....what is the next ? famouspinky      ( Date: 15-Feb-2018 12:26) Posted: Agree on FA view but nt TA henced hav to be v careful
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MichaelSchenker Master	21-Feb-2018 09:27        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Was thinking of whether to make the move to Sell in the morning and Buy back in the afternoon. Past pattern seems consistent.
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SgYuan Supreme	20-Feb-2018 10:41        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Base on EW, Wave a dn  13.32 to 11.9, delta 1.42 Wave b up 11.9 to 12.74, delta 0.84, up 59% of wa - Wave b didn' t end yet Wave b up  11.9 to 12.96, delta 1.06, up 74% of wa   gchan516      ( Date: 15-Feb-2018 10:00) Posted: looks like ext wave c , Sir ? SgYuan      ( Date: 14-Feb-2018 13:17) Posted: Base on EW, Wave a dn  13.32 to 11.9, delta 1.42 Wave b up 11.9 to 12.74, delta 0.84, up 59% of wa Wave c dn 12.74 to ?11.32, 100% of wa - fundamental very strong, so may not hit 11.32 Px now at 12.40 Bollinger bands - 1h  12.18-12.48-12.77, broke the mid - 2h  11.97-12.33-12.68, hit 12.33 and reverse, very strong support - 4h 11.91-12.27-12.63, 4h chart is trending toward mid 12.27 Now trending on 5min bollinger - 5m bollinger 12.38-12.40-12.43 - trying to break 12.43, cannot, return back to mid 12.40, and test 12.38 later
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casarasa Member	19-Feb-2018 11:35        casarasa About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Can' t disagree with you on strong FA.  Price has gone up $3+ since a year ago.  With rising interest, profit for the bank will surely increase as well.  Probably another $3 rise in 2018?
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FATABA Supreme	19-Feb-2018 10:34        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Very strong FA on OCBC ...4,1B profit and expected continue rise in Interest rate for 2018 ...wealth mgt business and Insurance bz marching on > whatever the TA...funds and investor would like a piece of these actions....the banks ( esp DBS ) are taking turns to push STI higher DYOD....12.88 ( auspicious number cross today) .....what is the next ? famouspinky      ( Date: 15-Feb-2018 12:26) Posted: Agree on FA view but nt TA henced hav to be v careful. FATABA      ( Date: 15-Feb-2018 11:52) Posted: U are right that normally dividend dont change yearly ....but the interim can be up to 19c ( my guess) However another $4B year for OCBC wld certainly justify special dividend :) Looking at its rise ( 1280 today I hope) ....this bank stock justify much revaluation. Let see when the CNY reopens Monday . Happy Happy investing
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MichaelSchenker Master	15-Feb-2018 16:56        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes. CFD can use for Long and Short. The good thing is, if you use it to short, you dont need to buy back to cover on the same day. It is a legal and sgx will not pursue. IG will borrow the scrips on your behalf until you decide to buy or cover back. Finance charges applicable for the number of days outstanding. famouspinky      ( Date: 15-Feb-2018 15:17) Posted: Cfd can also be for long if thats the case. Just tt cannot use cash. Am i correct? MichaelSchenker      ( Date: 15-Feb-2018 15:02) Posted: That means it is not CFD. You dont pay for the shares you buy. CFD means Contract For Difference. You dont buy or own the shares. You earn or lose the difference. You will definitely understand more if you go thru the eLearning conducted by SAS and ABS. You will need the Cert to open an IG account
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famouspinky Supreme	15-Feb-2018 15:17        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cfd can also be for long if thats the case. Just tt cannot use cash. Am i correct? MichaelSchenker      ( Date: 15-Feb-2018 15:02) Posted: That means it is not CFD. You dont pay for the shares you buy. CFD means Contract For Difference. You dont buy or own the shares. You earn or lose the difference. You will definitely understand more if you go thru the eLearning conducted by SAS and ABS. You will need the Cert to open an IG account. famouspinky      ( Date: 15-Feb-2018 14:48) Posted: Hw about cash by ig? No margin
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MichaelSchenker Master	15-Feb-2018 15:02        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	That means it is not CFD. You dont pay for the shares you buy. CFD means Contract For Difference. You dont buy or own the shares. You earn or lose the difference. You will definitely understand more if you go thru the eLearning conducted by SAS and ABS. You will need the Cert to open an IG account. famouspinky      ( Date: 15-Feb-2018 14:48) Posted: Hw about cash by ig? No margin. MichaelSchenker      ( Date: 15-Feb-2018 14:46) Posted: Yep, better call them to understand better. Anyway, quick answer to overnight charges is, YES, it is definitely applicable for Long positions, because you need to borrow money due to margin trading. (think of it as 90% financing for your stocks) For Shorts, I understand it is the opposite. You sell the shares from nothing you own. The outside Buyer pays you. So, you enjoy interest earned. However, you need to pay finance charge for scrips borrowed. Eventually it will be offset. Sorry, I cannot really  explain in a clear manner. Any IG user or staff in this forum wish to clarify further
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famouspinky Supreme	15-Feb-2018 14:48        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hw about cash by ig? No margin. MichaelSchenker      ( Date: 15-Feb-2018 14:46) Posted: Yep, better call them to understand better. Anyway, quick answer to overnight charges is, YES, it is definitely applicable for Long positions, because you need to borrow money due to margin trading. (think of it as 90% financing for your stocks) For Shorts, I understand it is the opposite. You sell the shares from nothing you own. The outside Buyer pays you. So, you enjoy interest earned. However, you need to pay finance charge for scrips borrowed. Eventually it will be offset. Sorry, I cannot really  explain in a clear manner. Any IG user or staff in this forum wish to clarify further? famouspinky      ( Date: 15-Feb-2018 14:15) Posted: Think its clearer here. Thanks for replying. Wil call them on Monday. Is Ig solely for shorting? I like its comms. Can long with IG also? For long, any overnight charges
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MichaelSchenker Master	15-Feb-2018 14:46        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yep, better call them to understand better. Anyway, quick answer to overnight charges is, YES, it is definitely applicable for Long positions, because you need to borrow money due to margin trading. (think of it as 90% financing for your stocks) For Shorts, I understand it is the opposite. You sell the shares from nothing you own. The outside Buyer pays you. So, you enjoy interest earned. However, you need to pay finance charge for scrips borrowed. Eventually it will be offset. Sorry, I cannot really  explain in a clear manner. Any IG user or staff in this forum wish to clarify further? famouspinky      ( Date: 15-Feb-2018 14:15) Posted: Think its clearer here. Thanks for replying. Wil call them on Monday. Is Ig solely for shorting? I like its comms. Can long with IG also? For long, any overnight charges? MichaelSchenker      ( Date: 15-Feb-2018 12:43) Posted: That is right, overnight fees will accumulate. That is why you have to use CFD accounts appropriately. I intend to use it as a hedging tool when market turns bad. Surely you have a current trading account? Use the IG as a complement to your existing usual trading platform. Also, another option is to subscribe for Market Depth at $50 a month. Perhaps you should speak to an IG officer? Just call, they are very approachable, talk in our local accent, and very keen to help. No hard selling
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famouspinky Supreme	15-Feb-2018 14:15        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think its clearer here. Thanks for replying. Wil call them on Monday. Is Ig solely for shorting? I like its comms. Can long with IG also? For long, any overnight charges? MichaelSchenker      ( Date: 15-Feb-2018 12:43) Posted: That is right, overnight fees will accumulate. That is why you have to use CFD accounts appropriately. I intend to use it as a hedging tool when market turns bad. Surely you have a current trading account? Use the IG as a complement to your existing usual trading platform. Also, another option is to subscribe for Market Depth at $50 a month. Perhaps you should speak to an IG officer? Just call, they are very approachable, talk in our local accent, and very keen to help. No hard selling. famouspinky      ( Date: 15-Feb-2018 12:24) Posted: If i were to hold for few weeks wont my comms be huge? For over night fees, according to wH, its for short positions dont knw abt over night fees for long positions
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MichaelSchenker Master	15-Feb-2018 12:43        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is right, overnight fees will accumulate. That is why you have to use CFD accounts appropriately. I intend to use it as a hedging tool when market turns bad. Surely you have a current trading account? Use the IG as a complement to your existing usual trading platform. Also, another option is to subscribe for Market Depth at $50 a month. Perhaps you should speak to an IG officer? Just call, they are very approachable, talk in our local accent, and very keen to help. No hard selling. famouspinky      ( Date: 15-Feb-2018 12:24) Posted: If i were to hold for few weeks wont my comms be huge? For over night fees, according to wH, its for short positions dont knw abt over night fees for long positions. MichaelSchenker      ( Date: 15-Feb-2018 10:11) Posted: My IG account has been approved, but I have not asked exactly what is the brokerage fee yet, but I understood it is 0.2% min SGD25. On top of that, there are overnight fees charged by per day basis. I will confirm after the CNY before I start to trade. Will let you know.
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Clipper Member	15-Feb-2018 12:35        Clipper About Contact  Quote this Post!
x 0   x 0  Alert Admin	I started my IG account in Jan 18. The brokage is 0.1% Long position, interest is 2.5%+SIBOR per annum. Interest cost can add up since is charged base on calendar days of borrowing. I find the platform useful.  famouspinky      ( Date: 15-Feb-2018 12:24) Posted: If i were to hold for few weeks wont my comms be huge? For over night fees, according to wH, its for short positions dont knw abt over night fees for long positions. MichaelSchenker      ( Date: 15-Feb-2018 10:11) Posted: My IG account has been approved, but I have not asked exactly what is the brokerage fee yet, but I understood it is 0.2% min SGD25. On top of that, there are overnight fees charged by per day basis. I will confirm after the CNY before I start to trade. Will let you know.
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famouspinky Supreme	15-Feb-2018 12:26        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree on FA view but nt TA henced hav to be v careful. FATABA      ( Date: 15-Feb-2018 11:52) Posted: U are right that normally dividend dont change yearly ....but the interim can be up to 19c ( my guess) However another $4B year for OCBC wld certainly justify special dividend :) Looking at its rise ( 1280 today I hope) ....this bank stock justify much revaluation. Let see when the CNY reopens Monday . Happy Happy investing. investshare      ( Date: 14-Feb-2018 17:53) Posted: Not sure about that. I thought once dividend changes, will stay same for many years before another change
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