Thursday, December 17, 2009

Naked short selling on Chemoil?

I was thinking, after I saw that the offer price of Chemoil was lower than it's last close price, perhaps I should have tried to naked sell it. However, I have no confidence it will drops or rises(if someone tries to counter bid the offer). Furthermore, I have no knowledge how to do naked selling. I only know if you don't settled it by the end of the day, you have to pay a fine of $1,000+. I should probably ask my remisier/broker about it.

A little update on Iconic Holding, the Meeting will be at 11 Jan 2010. I haven't seen any update on the percentage of shareholding. Will probably need to hold it for quite a while.

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