Thanks. This will be clearing my doubt for this 2 whole years ...

Hi there, since this is my first playing contra in my 2 years in stock trade, I'm a little bit confuse about whether I need to ....

CASE

i) Bought on : 1/1/2009
ii) Cash On Hand : RM 10000
iii) Shares + Brokerage : RM 15000

If I manage to sell the shares on (with profit):

a) Day 1 (2/1/2009) : ?
b) Day 2 (3/1/2009) : ?
c) Day 3 (4/1/2009) : ?


Do I need to pay any of the balance (RM 5000) on the fourth day aka settlement date first before receiving the profit on the 5th or 6th day?


Confuse a little bit .. Hope that all can understand ..


And Thank You

Yey, thanks for the info. It helps a lot. Sometimes using an 'extra' fund from the limit given because didn't know the exact balance account .... the system take 1-2 days to update the account sometimes ..

This post has been edited by Irzani: Apr 26 2009, 12:48 PM

Hello there, I've a question again regarding the contra .

If I bought a shares on Monday ..

Cases :

1) Bought 0.200 Sell 0.205
2) Bought 0.200 Sell 0.205
3) Bought 0.195 Sell 0.210
4) Bought 0.225 Sell 0.225


If I bought and sold the same shares in the same day, will they charge me brokerage rate for each transaction?

EG:
Fixed total brokerage to make it easy (RM23 for bought and RM 25 for sale) - RM 45 for each buy and sell.

Following the cases above, will they charge me brokerage rate for RM45x4 times?

Thank you

You have to wait on the day 4 or 5. This is on CIMB, other broker company, maybe 1 day early ..

18 is the minimum.

Is it true Maybank can extend until 10 days?

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Added on May 1, 2009, 5:37 pmHi there, I need help to calculate the loss of playing contra :


Brokerage rate = 0.42% and Clearing fee = 0.003%


I have a question regarding the calculation, by :

T1 - Monday (1/1/09)

BUY 15200 shares - 0.275
BUY 21000 shares - 0.280

Total HOLD = 36200 shares

T2 - Tuesday (2/1/09)

BUY 12700 shares - 0.245
BUY 15000 shares - 0.250

Total HOLD = 27700 shares

T3 - Wednesday (3/1/09)

SELL 26500 shares - 0.245
SELL 2400 shares - 0.250

Total SELL = 28900 shares (I thought I should do contra loss below of RM 200 for disposing the second day bought? )
Total HOLD = 35000 shares


T4 and so on - still hold 35000 shares


My question is why do my contra loss is RM 555.08 ? Maybe I'm a little stupid regarding the calculation and the T1-T3 date, but I'm really appreciate if someone can explain it a little bit for me.

Thanks

This post has been edited by Irzani: May 1 2009, 05:40 PM

Owh .. look like I've taken a wrong step and wrong calculation. Anyway, how to request the special instruction? Before sell or after the day I sell?

Thanks

OSK online trading services need to pay monthly?

If

I bought stock A on Monday 90 lots - price 0.30
I bought another stock A on Tuesday 100 lots - price 0.20
I sold stock A on Tuesday (same day) - 100 lots - price 0.25

Do I get intra?

Thanks


* I called the dealer who handle my account and she said it's an intra but my past experience is opposite .. they average the price ..

This post has been edited by Irzani: Jun 2 2009, 05:03 PM

It's what I request to the dealer via phone .. but she said no need to call, it's automatic an intra, so I'll wait tomorrow what the result on the ITrade platform, if opposite

thanks to cherroy and lklatmy for the info

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Added on June 3, 2009, 8:08 amUpdate : It's an intra for CIMB ... thanks

This post has been edited by Irzani: Jun 3 2009, 08:08 AM

Let's say I'm a bit boring and want to play with the numbers, if suddenly I intent to buy stock A for 20 shares and I enter buy on the system 1 for each 5 seconds for 20 times, is there any problem with that? Maybe they charged more?

Just wonder around ..


Thank you

Yesterday, I visited some of the invesment bank to find an appropriate funds for long term invesments. When I read through the propectus or brochures, some of those local funds are invest in our local market shares like Sime Darby, TM, or whatever.

Usually. if there's some acquired/disposes, we can see the person/company who is responsible . But, I never once saw the Public Mutual, CIMB funds or whatever in the list of cessation/acquaried/changes. How to check ya or I miss the info everytime?

Thanks

So, due to not an intention of being one of the major shared holders, with a huge capital and based on equity trade sell profit/dividends, should they considered as one of the 'sharks'?

Dividends ...

How long does it take for E-Dividend form to be accepted by Bursa? It's been nearly 3 weeks but I got no confirmation letter ..

This post has been edited by Irzani: Jul 3 2011, 05:13 AM

I sent through my remisier ..

Just meet her today and need to submit a new form.

What does it mean? Let's say the person purchases the stock worth RM 2.30 previously. Is he on the loss?

In English, it's a good thing or not?

Thank you