Look for a remisier/dealer rep first. They will open the CDS account for u. It is RM10.

Keep in mind that nominee CDS cannot be used to apply IPOs. Apply for Direct CDS.

A share price may be quoted as EX-dividend or EX-rights.
It means the buyer will not have entitlement to the recent dividend payment or rights issue.

if the seller's price matched your price, then 60 lots will be transacted. If both the prices different, means no transaction done, unwilling buyer & unwilling seller..

And let's say if it is done, then you only get 60 lots since there are no no sellers wanting to sell the remaining 940 lots to u..
The buy/sell queue is clear at the end of each trading day. If your 940 lots are not done, it wont carry forward to the next trading day..

It is very hard to manipulate the price bcoz the share market is very,very big..unless he has a lot of funds.
When the price gets lower and lower, soon it will attract buyers..
Have you study Economics b4?

This post has been edited by Ranny: May 11 2009, 01:25 PM

yes, considered as 1 contract.

Dont you have a fren working as a remisier or having a fren tat can recommend you one? Usually a remisier wont accept stranger. If you want to give cash as deposit upfront, then i would advise you open an online trading account. The brokerage is way lower than those charged by remisiers(0.6% per trade).

those remisiers that are going to accept new business must be those who will ask u to put a deposit certain money with them and giving you 3x trading amount. That's not much difference than opening an online trading account where you can get much lower brokerage fee(eg HLeB 0.38% only). I have never came across any remisier willing to accept a stranger without any conditions in the name of accepting new business. If you're without any recommendation, you are not likely going to get a remisier. If you dun believe me, you can try walk into any stockbroking firm asking any remisier whether they need new clients and letting u play contra as you like..

I am telling you from both perspective. I nearly became a remisier in 1998, and when you're in my position, you will understand the importance of the deposit money put in by a remisier into the stockbroking company.

hmm..the Neon case is a very good learning experience until i m interested to share my opinions too..

Technically speaking, Neon should cancel his order in the noon. If the cutoff date is T+3 (430pm), he can still choose a price until T+4 (1230pm). Your online queue will have to cancel b4 the T+4 noon session start.

lklatmy was right tat he could have covered his oversold position on the same day. This was wat some of my frens were doing last time. Cover it b4 the end of the same session; as you can see sometimes why the index surge towards the closing.

For online trading, if i am not mistaken, the selling by the client and the force-sell by the dealer are different case..i mean they dont interfere with each other. That's why some brokerage firms have told their clients in the rules & regulations to refrain from selling on T+4. If selling is done in the morning by the client, then the client will have to inform his dealer rep.. this was wat i understood..

Feedback welcome.

majority of people go to AGMs to get gifts & souvenirs la + makan. How many of them really have a say in resolution woh.. some dun even understand what is inside the resolution oso le..

This is a must read article for newbies or inexperienced stock traders..

How to analyse an annual report