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Thai Sri Trang sets IPO price at S$1.20 Post Reply Rate topic
3dw1nchu4 Veteran	11-Aug-2020 23:13        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Translation: "I need to cover my short position. Please sell off for me to buy in asap" So close to results, and this share is only up 10% from its IPO price, I doubt many people willing to sell low. Good luck! Bintang      ( Date: 11-Aug-2020 22:44) Posted: STA broke its 10MA support at $1.30 with big volume , it would to go down to fill the gap at $1.10 in the near future . Bintang      ( Date: 07-Aug-2020 09:19) Posted: As the monthly closing of STA was a high wave candle stick , it would not be good in the near future. It came down after surging to $1.47 two days ago. Now its support is at 10MA around $1.30
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Bintang Elite	11-Aug-2020 22:44        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	STA broke its 10MA support at $1.30 with big volume , it would to go down to fill the gap at $1.10 in the near future . Bintang      ( Date: 07-Aug-2020 09:19) Posted: As the monthly closing of STA was a high wave candle stick , it would not be good in the near future. It came down after surging to $1.47 two days ago. Now its support is at 10MA around $1.30 . Bintang      ( Date: 30-Jul-2020 11:35) Posted: STA today closing may not be good. To have a reversal of trend in near term is not likely.
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johnyap89 Veteran	11-Aug-2020 22:39        johnyap89 About Contact  Quote this Post!
x 0   x 0  Alert Admin	will start loading even more tmr. breakout is coming soon !
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RyanAB Member	11-Aug-2020 21:51        RyanAB About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think px will stay up higher and improve because rubber px seems to consolidate. more economic activities coming back, cars and planes will burn tyres and replacement needed. cheers Souleraser      ( Date: 11-Aug-2020 21:45) Posted: No worries, everyone is here to share information. If you understand naked short, even with the penalties, it is 100% certain those who short last week made money if the buy in was today to cover. Penalties is not as much as one would think, but the most cost effective way would be to use options, DLCs or borrowing the shares from your brokers. linguist      ( Date: 11-Aug-2020 19:55) Posted: Yea, I don' t exactly know how short-selling/naked short works. My analysis based on the statement found on https://www.sgx.com/securities/clearing-information Which states T+2 and also cut-off timing is 1.30pm.  Whether or not the shorties earned (after the extra fees by SGX) from all the naked shorts happened between last Wed - Fri, only they will know themselves... (Friday volume of short-selling is 1,135,000 while Thursday is 641,000. The losses incurred on Friday short-selling could eat into the profits made on Thursday short-selling too
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Souleraser Member	11-Aug-2020 21:45        Souleraser About Contact  Quote this Post!
x 0   x 0  Alert Admin	No worries, everyone is here to share information. If you understand naked short, even with the penalties, it is 100% certain those who short last week made money if the buy in was today to cover. Penalties is not as much as one would think, but the most cost effective way would be to use options, DLCs or borrowing the shares from your brokers. linguist      ( Date: 11-Aug-2020 19:55) Posted: Yea, I don' t exactly know how short-selling/naked short works. My analysis based on the statement found on https://www.sgx.com/securities/clearing-information Which states T+2 and also cut-off timing is 1.30pm.  Whether or not the shorties earned (after the extra fees by SGX) from all the naked shorts happened between last Wed - Fri, only they will know themselves... (Friday volume of short-selling is 1,135,000 while Thursday is 641,000. The losses incurred on Friday short-selling could eat into the profits made on Thursday short-selling too) Souleraser      ( Date: 11-Aug-2020 19:46) Posted: Being neutral here. I don't think you know how shorting works. If CDP buy in is performed today, it'll be after 3pm. Furthermore, anyone who shorted on Thursday and CDP bought in today after the stipulated time, they would have definitely earned. That said, I'm bullish on STA. With such volatility and low market depth, avoid contra.
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ferarri79 Senior	11-Aug-2020 20:36        ferarri79 About Contact  Quote this Post!
x 0   x 0  Alert Admin	depends whether is it naked short or via cfd.. previous weeks there were big short vol of few mil on this counter daily , but past weeks when i chk thru, amount of shorts reduced alot.
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look@bright Elite	11-Aug-2020 20:35        look@bright About Contact  Quote this Post!
x 0   x 0  Alert Admin	basically that guy is doing naked short lah.. He sell first then buy back before 5pm.
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linguist Veteran	11-Aug-2020 20:34        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Here you go. If your broker has ways to find out more info let us know too      Thanks. https://www.sgx.com/research-education/securities#CDP%20Buying%20In click on " download" button, then scroll down and click to open the PDF document.  " A check with my Broker, Phillips Securities, they can lend me only 3000 shares to sell at the annual interest rate of 8%" not sure what this means... we can " borrow" shares from brokers? sounds more like " borrow" monies from brokerage to buy shares but at annual interest rate of 8%. Might as well go banks borrow from them to trade stocks... interest rate from banks should be lower.    limjoeseph      ( Date: 11-Aug-2020 20:26) Posted: "Shorties on last Thurs are burned badly with the SGX buy-in of 41,100 shares today." Dear Bro Linguist, Pardon my ignorance as I wish to find out more on the above as mentioned by you. Can u tell me which website I can obtain the buying back info. Suspect there are types of shorting by shortists. One on borrowed shares or naked short on a given day which there will forced buying by CDP, the next day. Pl correct me if I am wrong. Thank you. A check with my Broker, Phillips Securities, they can lend me only 3000 shares to sell at the annual interest rate of 8%. The purpose of this exercise is to find out how the shortist works?
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limjoeseph Supreme	11-Aug-2020 20:26        limjoeseph About Contact  Quote this Post!
x 0   x 0  Alert Admin	"Shorties on last Thurs are burned badly with the SGX buy-in of 41,100 shares today." Dear Bro Linguist, Pardon my ignorance as I wish to find out more on the above as mentioned by you. Can u tell me which website I can obtain the buying back info. Suspect there are types of shorting by shortists. One on borrowed shares or naked short on a given day which there will forced buying by CDP, the next day. Pl correct me if I am wrong. Thank you. A check with my Broker, Phillips Securities, they can lend me only 3000 shares to sell at the annual interest rate of 8%. The purpose of this exercise is to find out how the shortist works?
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linguist Veteran	11-Aug-2020 19:55        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yea, I don' t exactly know how short-selling/naked short works. My analysis based on the statement found on https://www.sgx.com/securities/clearing-information Which states T+2 and also cut-off timing is 1.30pm.  Whether or not the shorties earned (after the extra fees by SGX) from all the naked shorts happened between last Wed - Fri, only they will know themselves... (Friday volume of short-selling is 1,135,000 while Thursday is 641,000. The losses incurred on Friday short-selling could eat into the profits made on Thursday short-selling too) Souleraser      ( Date: 11-Aug-2020 19:46) Posted: Being neutral here. I don't think you know how shorting works. If CDP buy in is performed today, it'll be after 3pm. Furthermore, anyone who shorted on Thursday and CDP bought in today after the stipulated time, they would have definitely earned. That said, I'm bullish on STA. With such volatility and low market depth, avoid contra. linguist      ( Date: 11-Aug-2020 19:01) Posted: I' m thankful for what he has shared, as there is indeed a force of " shorting" that is suppressing the share price of SGX-STA (last week high from 1.47 to low of 1.27). The reason could be due to the sharing from bro joeseph, shorties are trying to influence SGX-STA to follow the share price of SET-STA, after conversion of baht to sing dollar.  But we we will never know the true and exact style and technique the BBs are using when they trade/invest in SGX-STA. We can only rely on data, facts, results. 1. Shorties on last Thurs are burned badly with the SGX buy-in of 41,100 shares today. 2. No short-selling/naked short commmitted today, despite recommendation from Bro Triton " Algo" used by his " fund" . 3. The recent publish of good Q2 results by other smaller gloves market players (in MY).    4. Tomorrow SET is not open, trade SGX-STA with care. Market sentiment is still long on glove sales, if anyone still trying to short-sell, they should be well prepared to get burn badly.
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Souleraser Member	11-Aug-2020 19:46        Souleraser About Contact  Quote this Post!
x 0   x 0  Alert Admin	Being neutral here. I don't think you know how shorting works. If CDP buy in is performed today, it'll be after 3pm. Furthermore, anyone who shorted on Thursday and CDP bought in today after the stipulated time, they would have definitely earned. That said, I'm bullish on STA. With such volatility and low market depth, avoid contra. linguist      ( Date: 11-Aug-2020 19:01) Posted: I' m thankful for what he has shared, as there is indeed a force of " shorting" that is suppressing the share price of SGX-STA (last week high from 1.47 to low of 1.27). The reason could be due to the sharing from bro joeseph, shorties are trying to influence SGX-STA to follow the share price of SET-STA, after conversion of baht to sing dollar.  But we we will never know the true and exact style and technique the BBs are using when they trade/invest in SGX-STA. We can only rely on data, facts, results. 1. Shorties on last Thurs are burned badly with the SGX buy-in of 41,100 shares today. 2. No short-selling/naked short commmitted today, despite recommendation from Bro Triton " Algo" used by his " fund" . 3. The recent publish of good Q2 results by other smaller gloves market players (in MY).    4. Tomorrow SET is not open, trade SGX-STA with care. Market sentiment is still long on glove sales, if anyone still trying to short-sell, they should be well prepared to get burn badly.  hantanbl      ( Date: 11-Aug-2020 18:44) Posted: This fellow keyboard warrior only. Never beklieve in what he wrot
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linguist Veteran	11-Aug-2020 19:01        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m thankful for what he has shared, as there is indeed a force of " shorting" that is suppressing the share price of SGX-STA (last week high from 1.47 to low of 1.27). The reason could be due to the sharing from bro joeseph, shorties are trying to influence SGX-STA to follow the share price of SET-STA, after conversion of baht to sing dollar.  But we we will never know the true and exact style and technique the BBs are using when they trade/invest in SGX-STA. We can only rely on data, facts, results. 1. Shorties on last Thurs are burned badly with the SGX buy-in of 41,100 shares today. 2. No short-selling/naked short commmitted today, despite recommendation from Bro Triton " Algo" used by his " fund" . 3. The recent publish of good Q2 results by other smaller gloves market players (in MY).    4. Tomorrow SET is not open, trade SGX-STA with care. Market sentiment is still long on glove sales, if anyone still trying to short-sell, they should be well prepared to get burn badly.  hantanbl      ( Date: 11-Aug-2020 18:44) Posted: This fellow keyboard warrior only. Never beklieve in what he wrote linguist      ( Date: 11-Aug-2020 18:33) Posted: LOL! no short-sell/naked short position at all today!    https://api2.sgx.com/sites/default/files/reports/short-sell/2020/08/website_DailyShortSell202008111815.txt  Bro triton did not follow his " Algo" and was waiting to cover his short position only
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3dw1nchu4 Veteran	11-Aug-2020 18:48        3dw1nchu4 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Too risky to leave short position open after market close this near to results ^^
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linguist Veteran	11-Aug-2020 18:46        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	No problem. Thanks to everyone for sharing too, including bro Triton.  Huat to everyone who has held on to SGX-STA stocks, as the shorties are now proven to have burned out (SGX buy-in of 41,100 shares).  To bros who have no choice but to dump out STA stocks, please feel free to switch to other " safer" options that you can think of, or to re-enter SGX-STA and join us in the ride. No one knows how far and high SGX-STA can rise, but this is definitely a slow, stable and steady stock    with a good mid-long term prospect. Remember, tomorrow SET is closed on holiday. Similarly, the date on Q2 reporting that is stated to be tmr, might not be true too. (The calendar states that it is a projected date). Actual release of Q2 result may only happen on Thursday/Friday.  crystalbee      ( Date: 11-Aug-2020 18:38) Posted: Thanks  for  sharing this piece of news.    linguist      ( Date: 11-Aug-2020 18:33) Posted: LOL! no short-sell/naked short position at all today!    https://api2.sgx.com/sites/default/files/reports/short-sell/2020/08/website_DailyShortSell202008111815.txt  Bro triton did not follow his " Algo" and was waiting to cover his short position only
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hantanbl Senior	11-Aug-2020 18:44        hantanbl About Contact  Quote this Post!
x 0   x 0  Alert Admin	This fellow keyboard warrior only. Never beklieve in what he wrote linguist      ( Date: 11-Aug-2020 18:33) Posted: LOL! no short-sell/naked short position at all today!    https://api2.sgx.com/sites/default/files/reports/short-sell/2020/08/website_DailyShortSell202008111815.txt  Bro triton did not follow his " Algo" and was waiting to cover his short position only. tritonyeah666      ( Date: 10-Aug-2020 13:34) Posted: Its a short tomorrow for STA on SGX mkt for sure at least in the morning.
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crystalbee Veteran	11-Aug-2020 18:38        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks  for  sharing this piece of news.    linguist      ( Date: 11-Aug-2020 18:33) Posted: LOL! no short-sell/naked short position at all today!    https://api2.sgx.com/sites/default/files/reports/short-sell/2020/08/website_DailyShortSell202008111815.txt  Bro triton did not follow his " Algo" and was waiting to cover his short position only. tritonyeah666      ( Date: 10-Aug-2020 13:34) Posted: Its a short tomorrow for STA on SGX mkt for sure at least in the morning.
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linguist Veteran	11-Aug-2020 18:33        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL! no short-sell/naked short position at all today!    https://api2.sgx.com/sites/default/files/reports/short-sell/2020/08/website_DailyShortSell202008111815.txt  Bro triton did not follow his " Algo" and was waiting to cover his short position only. tritonyeah666      ( Date: 10-Aug-2020 13:34) Posted: Its a short tomorrow for STA on SGX mkt for sure at least in the morning.
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crystalbee Veteran	11-Aug-2020 18:15        crystalbee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Was thinking so too. SG  and MY more likely to compare and follow closely results of a dozen  glove biz companies but in TH, most (not all)  only see STA and STGT.     linguist      ( Date: 11-Aug-2020 18:04) Posted: Thai investors/traders may not have referred much to how glove companies have performed overseas. (since much of these news are in english, unless there are Thai news coverage, which we won' t know too).  Once they see the quarterly financial statement by STA, they might start jumping in again. Do not forget that not just glove business is doing well, STGT is the 3rd largest in wordwide, and 1st largest in Thailand. Besides that, there is IPO of STGT in July (probably this will not be covered though).  Definitely we have shorties burned badly in SGX-STA, as SGX had carried out buy-in of shares at 41,100 volume today. These are volume not covered back by shorties.  https://links.sgx.com/FileOpen/Buying-InSecuritiesOnAug-11-2020.ashx?App=Announcement& FileID=626997
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Hypedkid Member	11-Aug-2020 18:14        Hypedkid About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tmr Green colour ok yeah  linguist      ( Date: 11-Aug-2020 18:09) Posted: Not sure. But logically they should adhere to the rule of min. 100 shares per lot?  But may buy-in with different lots, acordingly to number of individual/institutes. " Settlement of trades executed on SGX securities market takes place on the second  market day after the trade date T+2. When a seller does not have sufficient shares in the account for settlement by 1:30pm  on T+2, CDP will conduct buy-in on that afternoon*. Securities bought in successfully will be used to fulfill the seller' s delivery obligation on the next business day. The starting buy-in price for any security is 2 minimum bids above either the previous day&rsquo s closing price or any of the transacted or bid prices in one hour preceding commencement of the buy-in, whichever is higher. The buy-in bid prices will increase by 2 minimum bids from time to time throughout the day until the securities are bought in by CDP. As the security may be bought in at different prices during the course of the buy-in session for the day, the effective buy-in price charged to the short seller will be the volume weighted-average price for the security rounded up to 5 decimals places. CDP charges a processing fee of S$75.00 (S$80.25 inclusive of GST) for each failed contract. A brokerage rate of 0.75% will be levied on each buy-in contract. CDP will proceed to cash settle the outstanding sell allocations if: The sell trade remains unsettled at the end of ISD+5. Cash settlement will take place on ISD+6. The sell trade involves a security that can no longer be acquired in the market. Consequently, equal quantity from outstanding buy allocation(s) will also be selected to be cash-settled. CDP will notify the Clearing Member of the allocations via  Allocated Report  messages. Clearing Members should promptly inform their respective customers of the cash settlement initiation and assignment so that the affected customers can take the necessary action to deal with the change in position as a result of cash settlement." https://www.sgx.com/securities/clearing-information 3dw1nchu4      ( Date: 11-Aug-2020 18:06) Posted: For learning purposes, when SGX buys in vol is 41,100, is that in single shares or lots (100s)
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linguist Veteran	11-Aug-2020 18:09        linguist About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure. But logically they should adhere to the rule of min. 100 shares per lot?  But may buy-in with different lots, acordingly to number of individual/institutes. " Settlement of trades executed on SGX securities market takes place on the second  market day after the trade date T+2. When a seller does not have sufficient shares in the account for settlement by 1:30pm  on T+2, CDP will conduct buy-in on that afternoon*. Securities bought in successfully will be used to fulfill the seller' s delivery obligation on the next business day. The starting buy-in price for any security is 2 minimum bids above either the previous day&rsquo s closing price or any of the transacted or bid prices in one hour preceding commencement of the buy-in, whichever is higher. The buy-in bid prices will increase by 2 minimum bids from time to time throughout the day until the securities are bought in by CDP. As the security may be bought in at different prices during the course of the buy-in session for the day, the effective buy-in price charged to the short seller will be the volume weighted-average price for the security rounded up to 5 decimals places. CDP charges a processing fee of S$75.00 (S$80.25 inclusive of GST) for each failed contract. A brokerage rate of 0.75% will be levied on each buy-in contract. CDP will proceed to cash settle the outstanding sell allocations if: The sell trade remains unsettled at the end of ISD+5. Cash settlement will take place on ISD+6. The sell trade involves a security that can no longer be acquired in the market. Consequently, equal quantity from outstanding buy allocation(s) will also be selected to be cash-settled. CDP will notify the Clearing Member of the allocations via  Allocated Report  messages. Clearing Members should promptly inform their respective customers of the cash settlement initiation and assignment so that the affected customers can take the necessary action to deal with the change in position as a result of cash settlement." https://www.sgx.com/securities/clearing-information 3dw1nchu4      ( Date: 11-Aug-2020 18:06) Posted: For learning purposes, when SGX buys in vol is 41,100, is that in single shares or lots (100s)? linguist      ( Date: 11-Aug-2020 18:04) Posted: Thai investors/traders may not have referred much to how glove companies have performed overseas. (since much of these news are in english, unless there are Thai news coverage, which we won' t know too).  Once they see the quarterly financial statement by STA, they might start jumping in again. Do not forget that not just glove business is doing well, STGT is the 3rd largest in wordwide, and 1st largest in Thailand. Besides that, there is IPO of STGT in July (probably this will not be covered though).  Definitely we have shorties burned badly in SGX-STA, as SGX had carried out buy-in of shares at 41,100 volume today. These are volume not covered back by shorties.  https://links.sgx.com/FileOpen/Buying-InSecuritiesOnAug-11-2020.ashx?App=Announcement& FileID=626997
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