Creative Labs (CREAF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

+11.2%

12:12 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: burn2learn who wrote (12214)	9/4/1998 10:14:00 AM
From: Savoirman	Read Replies (1) of 13925

The CLOB stands for Central Limit Order Book. This is the system through which all trades in Singapore are done. The "big deal" concerns CLOB "INTERNATIONAL" which many lazy/ignorant people here simply call "CLOB". Well, CLOB International is a part of the Stock Exchange of Singapore which deals in OTC shares, mostly Malaysian listed shares. In the aftermath of Malaysia's capital controls, one of the things done was to ban trading of Malaysian stocks on CLOB International. There has been a long and bitter struggle by the Malaysians to stop its shares trading OTC here (it happened in the first place because the Malaysian and Singapore bourses were once one entity which went their separate ways). Now with the capital controls, Malaysia's reason for banning trading on CLOBI is that they believe CLOBI is an avenue to short the market over there. This may or may not be true, as only about 3-5% of trading is on CLOBI nowadays (it's dwindled drastically in the last 6 months). Anyway, the Stock Exchange of Singapore insisted that trading on CLOBI will still go on despite what the Malaysians have announced. There is a big question mark on the trades that occured on the days after the ban was anounced. On the trades just before the ban was announced it is believed these shares will now have to be traded in Malaysia only instead (they retain their value but cannot be liquidated in Singapore anymore). The Malaysian market has jumped up like 20-30% since the capital controls so it may not be such a bad thing after all. Anyway this is my understanding as at the current moment. We are still waiting for the dust to settle. Anybody with a clearer picture please contribute (I'm no expert on this). Power Ranger?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next