Anyone bought CLOB shares in the 90's?
- Thread starter Jedi
- Start date
sammy888
Senior Member
You meant BOUGHT or BURNT by COG shares heheheh
Bought. Burnt is only valid if the CLOB shares are officially announced decommissioned.
Right now, the market is deemed suspended.
sammy888
Senior Member
Burnt Same thing you can't do much with it. The worst I am aware of people I know, this old guy in particular who is down $400,000. Around 1996 or 97. Remember how the ruling party at that time was talking about letting people use their CPF to invest in certain 'approved' shares? And then the feeding frenzy begun with so many uninitiated being eaten alive by less then honorable brokers that fed the greed.
Errr I bought some may bank shares through the clob many years ago. Held onto them when clob was closed. After some time, I managed to sell them. I thought they were all transferred to the official bourse. I even made money.
I don't see why people r complaining if u made the choice to sell
I don't see why people r complaining if u made the choice to sell
Firstly, I'm not a sg gov proponent.
But blaming them for your decision to partake the game.......
reachme2003
Senior Member
our then minister of finance, our current PM declared it was market risk. who set up the CLOB infarstructure? when will we ever learn?
So there was a resolution given? You managed to sell your holdings off and even made a profit. Can you tell us how did you manage to sell your shares? Transferred to which company and then sell through which channel?
One of the members just stated that he managed to sell the shares and made profit.
Many trade shares in speculative manners, and get burned sometimes
reachme2003
Senior Member
if anyone make money over the CLOB saga, then, good for him! anyone has any idea how much was wiped off overnight?
U r funny. I did make loss in clob.. I never blame anyone. .. but that clob can be declared illegal overnight.. I still blame myself? Our trades are all done thru cdp account which is the legal way to conduct the transactions.
Big Kahuna
Senior Member
I also kena burn a lot by china shares....log into sgx and see how many of them still trading at their issuing price? ...who can i blame?
I only buy blue chips or shares that are related to government investments, and i hold them for very long time, collecting dividends for years
those kinda of penny stocks are a waste of time
Last edited:
agreed, never really bother with penny s-chips.
since i started last year, the REITS i'll bought, have been giving out decent dividends quarterly between 5% to 6%.
must hold long
Last edited:
