Contra and Trading Curb

Wanted to post this a month back so here it is, when another birdy brokerage introduced curb (immediate delivery) for innopac, i feel it is time. There are many things against retail traders. Personally i feel that contra should be removed all stocks should be made on immediate delivery or collateralize trading account so to prevent wankers like UOBKH and OSPL from enforcing trading curb as and when they like. Firstly, it might be their own prop traders doing the handy work, if prop dun churn, they are as good as the guy staring at the clouds in the park. If contra still exist, they can enforce it anytime and do not need to justify and anytime they feel it is a "risk" to their birdy firm, they just curb. So who suffer? everybody but those in the know moments before the enforcement by the respective house. Also, contra is only avialable in Singapore and Malaysia where you can buy with nothing down. If market does not have players, might as well we go library and read books and hypothesis on how the effective market works vs. being in it. Market is abt supply and demand. So a curb is an artificial element to a liquid system. The issue is also SGX, who does not query such curb as the houses are members so, their interest ahead of market participants. if a curb were to come in, there must be proper justification and notification to all parties and if the curb were to be enforced, it must be all houses with the blessing of SGX (indirectly condemning the STOCK to its death and question the relevance of it being listed) The notion of curb means that the stock it no worth the value it given by the market. Seriously, who are the brokerage to determine that? They are a factor to the market, if they cannot swallow the risk, close shop and go open a mini-mart. Brokerage obviously know how much exposure they have at that moment to a particular security. Once the aggregation by various prop, remiser, dealer, xyz personnel and customers exceed a certain level of the total issue, they get panicky and so call convey a meeting of the elders in the village center to determine of the security should be curb, at that moment, those ppl with vested interest will info their cronies and they in turn will just unload, so the idea or discussion or a curb will per-determine the death of a security not after the fact. Lets not forget that someone will always know ahead of the event and unload or go short. Like they say, “water will find its level” so, let Mr Market decide not brokerage.

Oceanus