Official Opinion by Tuan Capital

U HATE RESTRICTED SHORT SELLING (RSS)? - READ THIS

tuancapital
Publish date: Sat, 26 Jun 2021, 11:31 AM

Feeling injustice?

 

 

Without Prejudice,

Sebahagian pelabur runcit terutama dalam kalangan Bumiputera & pelabur lain  terasa tersempit akibat "penurunan harga berleluasa" di pasaran Bursa berikutan kegiatan jualan singkat terhad-"Restricted Short Selling-RSS" oleh institusi besar.

Contohnya Top Glove yang merupakan jenama kebanggaan buatan Malaysia diturunkan harga dengan RSS volume sebanyak 248,250,467 dengan nilai mencecah ratusan juta Ringgit, diikuti dengan  banyak kaunter yang lain yang menyebabkan pelabur runcit berasa tersepit dan ditindas oleh pelabur gergasi yang mengamalkan penurunan harga melampau. 

Aktiviti RSS dimana merupakan kaedah pelabur menjual saham yang tidak dimiliki pada masa beliau menjualnya dengan harapan harga saham itu akan turun dan seterusnya membeli kembali pada harga rendah untuk meraih keuntungan. Akibatnya pelabur runcit terpaksa berdepan dengan pelbagai implikasi seperti "margin call" dan seterusnya terpaksa melepaskan pelaburan dalam kerugian. 

Oleh itu, kami ingin memohon jasa Tengku Zafrul yang merupakan Menteri Kewangan untuk sementara menghentikan RSS seperti yang dibuat pada 24 March 2020 berikutan ketidaktentuan pasaran yang dibawa oleh pandemik Covid19. Kami sebagai pelabur runcit kini menghadapi cabaran yang lebih besar dengan kes mencecah antara yang tertinggi di dunia.

Terima Kasih.

 

Kindly sign this petition

https://www.change.org/p/pelabur-runcit-bursa-malaysia-mohon-tengku-zafrul-memberhentikan-restricted-short-selling-rss-seperti-march20?utm_source=share_petition&utm_medium=custom_url&recruited_by_id=ccf22970-1996-11e6-b94f-0fa6ef1afec4

Discussions
2 people like this. Showing 25 of 25 comments

Jack Khan

Not hate but unfair! because it is not available or hard to execute by normal retail investor

2021-06-26 12:56

InsiderShark

So... RSS was reinstated in Jan 2021, all glove counter started to drop since September 2020, why it drop without RSS? Is it still RSS fault?

2021-06-26 16:44

Who Else What Else

If I am a retailer with alot of cash, why can I join the local fund and IBs to do the RSS? Why limit RSS to they only ?

2021-06-26 17:08

DickyMe

Why RSS? Why not USS (Unrestricted Short Selling).

2021-06-26 17:10

Glovefinishretard

RSS is only for sharks.. why bilis bising?

2021-06-26 17:13

DickyMe

Bursa should let the market be open.

Unrestricted Buying and Selling should be the way.

2021-06-26 17:17

InsiderShark

All paper loser cannot answer me.... why glove stock price starts to drop in September 2020 when there is no RSS?

2021-06-26 17:30

whistlebower99

RSS is part of the scheme to make the rich gets richer at the expense of ordinary retailers. Unlike other more matured market, BURSA is too small to benefit from short selling and fair to all market participants. RSS is a form money muscle power reserved for the elite group of participants.

2021-06-26 18:06

CITADEL

YA LA SHOULD OPEN ALL SHORT SELLING AVAILABLE FOR ALL THE INVESTORS!!! LET'S ALL JOIN THE SHORT SELLING GAME MA!!!!!

2021-06-26 19:22

CITADEL

NO LIMIT DOWN NO LIMIT UP, NO SHORTSELLING CAP, U CAN SHORT SELL AS MUCH AS U WANT!!!

2021-06-26 19:22

tallman

This is not a fair game. Bursa have to ban all RSS. If want to open RSS, retailers also allow for shorting.

2021-06-26 21:09

DickyMe

BURSA should not have RSS at all.

It should allow UNRESTRICTED SHORT SELLING(USS) FOR ALL.

2021-06-26 21:13

bpsiah

It is definitely not a level playing field as far as stock trading is concerned. To make it a level playing field everyone, including retailers, should be allowed to short sell. If futures trading of FKLI and FCPO allow retailers to short sell I do not see why this is not allowed in stock trading. Although there are some differences between stocks and futures trading, the authorities can come up with a mechanism to overcome such issues so that fairness is given to all.

2021-06-26 21:20

DickyMe

Those trading with MARGIN ACCOUNTs are exposing their position to IBs or BANKS. They have access and know where you stand financially.

I think, short sellers target these vulnerable group.

Trade with CASH instead of MARGIN ACCOUNT. Don't reveal your vulnerability.

2021-06-26 21:31

henry888

RSS is akin to buying big or small. Bursa should open a separate section for RSS just like playing 'futures' up or down to determine gain or loss but not involving the actual stock trading. To me RSS on actual stock trading should not be allowed at all as it is totally a gambling and not an investment. The action of RSS would deprived actual investor of the choice of selling when reaching their targets price. Furthermore, just like the glove counter, somebody is selling and it should not be coincident, at the time when JP Morgan downgrade the share price and i guess those RSS are foreigners. This is detrimental to Bursa as squeezing money from retailers would finally turned them away from investment and outflow of revenue from Malaysia as a whole.

2021-06-26 21:41

henry888

All retail investors should reject RSS

2021-06-26 21:43

henry888

That is why i a bit reluctant to invest those counters involving RSS.

2021-06-26 21:44

henry888

@DckyMe. Do you think it is fair when your capital are tied up in stock for a period and somebody on the contrary deprived of your opportunities when wanted to sell at your target price. Capital tied up vs Capital not tied up in stock.

2021-06-26 21:49

Beary

If dpesn't hv RSS do u think u hv can hv such opportunities to buy cheap glove counters?

2021-06-26 23:00

Beary

The short sellers cannot hold their position forever, they hv expenses to pay while you keep earning dividends

2021-06-26 23:02

DickyMe

@henry888

Of course it's not fair.
In trading, there are both sellers and buyers.
Market does not wait for you or your target.
As I said before, when one exposes vulnerability, someone will definitely try to make profit.

2021-06-26 23:31

tallman

If I can short selling, i will short serba gau gau but why nobody shorting serba? Are IBs catching fire in serba?

2021-06-27 09:51

stockraider

Yes better ban short selling on serba, scib and kpower better let the existing shareholders lari 1st instead of benefiting the predating short sellers mah!

Posted by very_goat > Jun 26, 2021 4:02 PM | Report Abuse

GoodLuck https://klse.i3investor.com/blogs/tuancapital_opinion/2021-06-26-story...

2021-06-27 10:56

InsiderShark

I PROPOSE WE BAN SELLING. ONLY CAN BUY BUT NO SELL.

good or not?

only way is up up up and up.

btw, paper losers still not yet reply to my question. RSS was reinstated in Jan 2021, all glove counter started to drop since September 2020, why they all drop without RSS? Is it still RSS fault?

2021-06-27 14:20

looiting

RSS is a good practice but must be allowed to retailers also.

2021-10-16 14:53

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