$Seatrium Ltd (5E2.SG)$ Hopefully can close at 1.44 today.
Hopefully can close at 1.44 today.
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Deep Sea OP : The funds have bought between 1.40 and 1.45. They have to push up in order to make money. Those contra already sold off in the morning.
Kind Pumpkin : bro what is contra
Deep Sea OP Kind Pumpkin : Those people who never pay cash to hold shares are considered contra. They have to sell off their shares T+2.
Kind Pumpkin Deep Sea OP : oh I see.. use margin available in our accounts?
Deep Sea OP Kind Pumpkin : Play contra have to go through broker.
Deep Sea OP Kind Pumpkin : No need to use margin.
Kind Pumpkin Deep Sea OP : oh need get approved
Deep Sea OP Kind Pumpkin : Online brokerages don’t allow contra as cash must be in the cash account in otder to buy shares.
Kind Pumpkin Deep Sea OP : means we need to open broker account example w brokerage like Phillips securities?
Deep Sea OP Kind Pumpkin : Yes.