Stock Market Books

Wednesday, November 13, 2013

Contra plays not the villain

Contra plays not the villain -- SPORE STRAITS TIMES 16 OCT 2013

CONTRA plays are not the evil in our stock market ("Time to fix flaws in local contra trading system"; Monday). Instead, they are a proven source of liquidity that keeps our market going. During quiet periods when foreign funds are grossly absent, liquidity from contra plays becomes even more significant for our bourse's survival.
It is dangerous to take international practices (for example, disallowing contra plays) as the standard for determining the correct structure of our exchange. Each stock market must be considered on its own strengths and weaknesses.
In the case of Singapore and Malaysia, our well-being has been deeply rooted on contra plays.
One should not dream that a tiny market like Singapore would be converted into a financial hub overnight simply by imitating established markets in all their practices.
Most losses by retail clients in our market are due primarily to an uneven playing field between such clients and institutions.
The Singapore Exchange has a crucial role in addressing this problem.
Group manipulation of our share counters does not come about because there is contra play that, unfortunately, still involves a change in ownership during a trade, against cash-upfront trades.
A stock can also be rolled from one hand to another to be snowballed by having the principal sum paid up each time.
The issue is how to track down such manipulative plays before a bubble is blown beyond proportion. Sheer rules covering corporate governance without necessary and prompt enforcement will not work.
It is justifiable for broking houses to resort to controls restricting the trading of certain stocks entering hazardous levels. However, over-restriction should not be encouraged. Such riskiness has nothing to do with contra plays.
The notion of designated stocks can be applied to emergency stocks only when the T+1 cash market platform is still available. Removing the T+3 settlement (which facilitates contras) across the board is not the solution.
For designated stocks, it is recommended that the Central Depository balances of clients be linked to their control to allow only sales from free balances, where necessary.
Jimmy Ho Kwok Hoong President
The Society of Remisiers (Singapore)-

Friday, November 1, 2013

How to Spot “WINNING” Stocks of the Day

SJ Securities Sdn Bhd in collaboration with CAPITALMASTER HAPPYSTOCK (M) SDN BHD cordially invites you to attend a luncheon talk entitled “How to SpotWINNING Stocks of the Day”
 The details are as follows:
Date                  : 13 Nov 2013 (Wed)
Time         : 12.30-2.15pm
Speaker : Mr John Lu, Singapore
Venue      : SJ Securities Sdn Bhd, SJ Investor Club(SJIC)
Wisma Synergy
72 Persiaran Jubli Perak
Seksyen 22, 40000 Shah Alam
CAPITALMASTER HAPPYSTOCK (M) SDN BHD parent company is from China and has been doing investor education for 15 years with outstanding performance, enrolling more than 200 thousand members and having more than 100 branches in mainland China.
Four years ago, it spreads its wing to Singapore and now has set up four branches and enrolled close to 2000 members. It has now opened its first branch in Kuala Lumpur since March this year and SJ Securities Sdn Bhd is its first working partner in investor education.
At the talk you will be able to:
  1. Find potential stock in 30 sec by applying filter system of Homily Software
  2. Use red circle to establish bullish buy signal of the stock
  3. Apply multi-colour dragon indicator to track the existence of institutional buyers and just follow them to get in and out of the market to be winners
  4. Use Trend Expert for exit signal for profit maximization.
If you are interested to find out more about the Homily Software and its technical analysis education program and to spot winning stocks of the day, please contact or sms giving your full name and mobile no. to KC GOH (011-20132996) to secure a seat. Only 50 seats are available. Booking is on first come first served basis. So hurry and call us now. Free Lunch will be provided for those who register. Registration will be closed on Nov 11, 2013 before 4:00 pm.