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From: "Andrew Joo Boon Liang (Phillip Securities) (YI)" <ajandrew@phillip.com.sg>
Date: March 15, 2013, 10:53:18 AM GMT+08:00
Subject: Latest Daily Market Report - Friday 15th March 2013-[STI Now OVERSOLD By 727 Pts (+97):BUY On Weakness FarEast Orchard,STXOSV,Midas,Del Monte Pacific,Ezra Hldgs;Chart Comment On DBS,GuocoLeisure,UPP,BousteadS'pore,YHM,GenS'pore,STIndex]

LATEST WARNING: Marking of Short Sell Orders in POEMS For Shares Not Own In Your CDP A/C

Effective 11th March 2013, SGX will require the marking of sell orders on its securities markets to further enhance transparency of market activities. For more info on short sell, please click here. Please be informed that the marking of short sell orders is already available in POEMS internet from 5th March 2013. For more details, please refer to our FAQ.

Note: If you Short-sell the shares which you do not own in your CDP account, and fail to buy back the shares within the same market day, you will be subjected to the following:

1) If you do not have the required shares in your account on the due date (the third market day following the trade day), CDP will buy-in shares on the market to satisfy the delivery obligation. If the buying-in is completed by SGX at the end of Trade Date +3, no penalty will be imposed. However, if the buying-in by SGX is unsuccessful on Trade Date +3, SGX will continue on Trade Date +4 and Trade Date +5. A penalty, of the higher of S$1000 or 5% of the value of the failed trade not bought in will be imposed. SGX imposes a processing fee of S$75 + GST for each failed contract and charges a brokerage fee for buying-in contract at 0.75% + GST of contract value.

2) Failure to indicate "short sell" in your order submittion and failure to inform your stockbroker to amend the next trading day will result in a fine or imprisionment term or both. Section 330(1) of the Securities Financial Act (SFA) states that any person who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to a securities exchange, futures exchange, designated clearing house or any officers thereof relating to dealing in securities shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or both.

WORDS OF WISDOM FOR THE DAY : Give Your Investments Time To Mature. Be Patient For The World To Discover Your

Gems....!  

 

The unwavering courage is the hallmark of serious wealth and lack of conviction and courage is the root cause for mediocrity. If you see an opportunity, grab it today! A lot of people say: "Wow, I could have become really rich if I had loaded up on that stock 10 years ago…" And that's a big ' if ". It is important to identify the opportunity. But that's not enough. you have to be decisive. This is especially true of value investors who often get stuck in a trap where they are perpetually seeking extra information to validate their idea. The biggest challenges for value investors are hesitation, procrastination and questioning their own judgments.

 

This is especially so during market crashes. This is because things always look bloody terrible at the bottom. People's hands usually shake uncontrollably when the prices are hit new lows every day. Value Investors say to themselves things like: "Well did I make a mistake? Should I wait a little and maybe the price will drop a little more?" If it's cheap, it's best to buy it. There is no point in passing up something cheap today in the hope that it will get cheaper tomorrow. In this matter traders find things easier than value investors .They ride the downward wave and seize the opportunity to make money.

 

Personally I see many successful investors buy shares with a great deal of conviction when the stock market are in extremely OVERSOLD period. Many of these investors have a large amount of money invested in a few companies and their portfolios shows a great deal of concentration. Patience and conviction are both important for these successful investors too. If you have both, while your patience may be tested, your conviction will be rewarded. Having done your hard work, you must wait for the market to do its work and reward you. Also a person needs to have the patience to give things a chance to work. Give your investments time to mature. Be patient for the world to discover your gems. So I see these smart investors hold on to their winner stocks for a long time while they achieve their full potential.

 

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