I will be happiest if this happens.

me also will be very happy as i have quite a huge sum in USA stock hahaa

Harta and Topgloves should benefit if USD rise right...buy buy buy...

Sharp drop today

mayb they disable gtd order due to the corperate action that will affect your portfolio such as share consolidation .

Haiz, no rebound for my Sapura, how lah?

whats your entry price bro

SSEC recover to almost green liao..
thats an intraday 5% swing... roller coaster

No. The share financing or margin financing is not 2-3x of cash value. The financier will give you an approved limit. Example, 100k. You cannot borrow more than 100k. But at the same time, you don't need to use all the 100k. you can use 0, 20k, 45k.... up to you. It's like an overdraft ready for you to use.

They have certain rules like earlier example, the margin must not be more than 60% of the portfolio, or collateral. So, if you deposit 10k and buy 50k of stock, this means you borrow 40k margin. Then 40/50 = 80%... above the 60% limit. Financier will ask you to top up the collateral with cash or sell.
If you deposit 10k and buy 15k stock, this means you borrow 5k. So 5/15 = 33%. This is below the approved limit so there is no margin call. Is considered the bank loan you money to buy share. This amount will charge you interest.

Beware also that not all the stocks is valued at 100%. For example, I buy ABC share and bank only take 80% of it's value as collateral. So if market price for my ABC stock is 50k, bank will only assume it is worth 40k when calculating whether I have breached the margin limit or not.

Rebounded banyak so fast

4.16..haiz.. i thought cukup cheap d..mana tau

May i ask how does they calculate margin interest?

Let say i deposit RM100k cash, bought share of RM80k, so the bank charge me RM80k on daily rest interest and providing interest on the RM100k deposit?

wow luster drop like anything

I see, another word, the limit is about extra 50% of your cash. They charge the interest based on daily basis?

Taking the example of "deposit 10k and buy 15k stock, this means you borrow 5k. So 5/15 = 33%. ", does this take into account the T+3 days thing, meaning that we need to settle the stock purchase on T+3? How much need to settle, 5K that was owed, or 15K which is the value of stock purchased?

just my personal view..... i personally think that SKPETRO is good for long term investment... can hold.... now at this moment is just a short-falling moment which i truly hope it is (good for everyone), problem is some people can't take it and decided to sell it....

WHOLE portfolio red today

But still in the black as a whole, wait for more blood?

Tempted to buy wafer today...last traded RM4.00

This post has been edited by Pink Spider: Jun 25 2013, 03:42 PM

Dunno why wanna make life so difficult?

no more carlsberg

Carlsberg just won't go below RM15