Thanks again.
Looking at price history of SPY and XLF. Hmm, hard to make a decision.
Is buying ETFs as simple a decision as just buy and wait for market/index to recover?

I would suggest that you find distressed stocks for sale to wait for their recovery as it would be a much enterprising option rather than buying broad based ETFs. An example, like BP dropping to more than 50% of its value during the Gulf spill crisis.

don't look at price history. nothing makes sense. because all stock longkang in 2997/2008. Best to gauge is 2010, this year. Compare Jan 2010 price to price now

SPDR S&P 500: Top holdings

Top holdings
Company name % Net assets

ExxonMobil 3.30%
Apple. 2.65%
Microsoft 1.79%
IBM 1.66%
P&G 1.61%
JNJ 1.58%
GE 1.58%
AT&T 1.53%
Chevron 1.52%
J.P. Morgan 1.38%

Percentage of holdings 18.60%

Top sectors
Sector name % Net assets
Financial Service 15.26%
Energy 11.75%
Industrial Materials 11.51%
Healthcare 11.06%
Hardware 9.11%
Consumer Goods 8.86%
Consumer Service 8.59%
Telecommunication 6.97%
Software 4.31%
Utilities 3.36%
Percentage of sectors 90.78%

Market about to take profits off the table tonight and pull back a bit before Opex this Friday.

I'm closing out on my AAPL Dec calls... up 12% from last month. Seems like AAPL seems to be my stock
for year. Looking forward to see AAPL touch $400 by next year.

This post has been edited by danmooncake: Dec 15 2010, 10:16 PM

data is good, not bad. been 3 trading days but the thing is news mostly cooked up. Index GREEN, shares flat or red.

Personally, I'm thinking they're driving up the index to prep the holders for slaughter after Dec 31st tax sale.
My plan is to cash out my longs while I'm ahead and wait until after the new year dips to buy.

Rumors again that China will raise 0.25% before year end to cool off their market.

Most stocks rebounded last hour or so. NFLX from 175 to 179 and others having similar patterns.

I buy via DBS Vickers and the fees is $29/transaction. However the weird thing is when I queue "C" like 10 lots then the fees will be $29 x 10 = $290

Where do you open the MB Trading a/c? Can be done locally here? OR via online?

290!! that's day light robbery man.

I use etrade, very easy to use. go check out those online trading website & pick 1 to start off

whaddafak? that expensive?

www.mbtrading.com
chat with the customer rep. online (930pm onwards Malaysian time).
Ready your documents PDf, preferably scanned @ 300dpi as min. : passport, current utility bill. Account opening done online. Send documents via email. Save cost. [ask the customer rep if you can send it via email]
* choose MARGIN
* choose INDIVIDUAL
Cost per transaction $4.95

Wait a minute..Are you buying STOCKs or Options?

For Options, it does cost $xx/lot or contracts plus standard transaction fee.

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Added on December 16, 2010, 10:41 amPsst.. I found that for low volume trade, choosing per share rate is cheaper for MB Trading.
I trade in blocks of 100s and they only charge me $1 per transaction for each buys for each 100 shrs.
But, if you've a 1000 shrs to sell, yes, that's $10.

$1 per transaction per 100shrs is cost effective for day trading.

This post has been edited by danmooncake: Dec 16 2010, 10:41 AM

bros,

yes, it's like a daylight robbery, so that's reason the stock I purchased need to hold longer or else unable to recover back my costs.

The transaction they charge is per lot which I think is ridiculous. Like if I queue like 10,000 shares to purchase, they should charge me based on per transaction which is $29/transaction, not $29 x 10 = $290

Well, I guess I need to seek for the options by Zaman bro to get cheaper trading, so can have faster turnaround for better margins.

the 5 stocks still within acceptable parameters & gambling it'll up for the heck of it too bad exited vphm


17/11/10 vphm put Options Expiring Friday, January 21, 2011 strike price $15 is 0.75, currently $0.15 negative value
17/11/10 ten put Options Expiring Friday, January 21, 2011 strike price $34 is 2.2, currently $0.3 negative value
17/11/10 wti put Options Expiring Friday, January 21, 2011 strike price $15 is 0.95, currently $0.3 negative value
17/11/10 crox put Options Expiring Friday, March 18, 2011 strike price $16 is 2.4, currently $1.25 negative value

options r highly risky & its for gambling purpose, place a small bet & shake hard
holding stocks much safer, coz market can gostan anytime & less worry on becuming zero value
17/11/10 lvs put Options Expiring Friday, March 18, 2011 strike price $46 is 5.85
close position liao as almost closing the gap, currently $7.1 for +21% within 1 month I m luvin it

I thought there's minimum fees of $4.95 even if you bought 100 shares?

I'm in with ATML. Where is yours?

I think there is a small confusion.

Choose : MBTR - Flat Rate
# 00 shares = $4.95
# 1,000 shares = $4.95
# 5,000 shares = $4.95
# 10,000 shares = $4.95

I NEVER goes beyond 5,000.

This post has been edited by zamans98: Dec 16 2010, 04:01 PM

I tried to registered with MB Trading, and then fill all the details. At the end final submission, got "unknown error".

no worries, can try 2nd broker :

https://accounts.just2trade.com/Application_Step1.aspx

Account type : choose Margin better - will charge u about 9% per trading day on the "Overdraft"

Say : your cash 5,000 USD, suddenly u bought 1,500 of C @ 4.50 = 6,750. So u pinjam 1,750$. That is chargeable..

expensive!! Sogotrade also not bad...$usd3 pertrade.
btw, do you know if dbsvickers charges any inactivity fees? Good to use ma?
i m in process of applying now so would like some feedback. Thanks!!

9% of the overdraft is a lot...better standby cash...lol

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Added on December 16, 2010, 7:18 pmno, they do not. so far they have not charging me for anything yet.

This post has been edited by ronn77: Dec 16 2010, 07:18 PM

Still holding my share in sogotrade.