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 USA Stock Discussion v7, Greece Debt Crisis!

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yok70
post Mar 14 2016, 10:48 PM

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QUOTE(AVFAN @ Mar 14 2016, 10:39 PM)
sweat.gif

dow looks like wanna go green soon.

i wait to see if i can go uwti at 22.2x later. tongue.gif
*
good luck! sweat.gif
yok70
post Mar 15 2016, 12:50 AM

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LONDON (Reuters) - OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year.
https://finance.yahoo.com/news/opec-sees-lo...-152038284.html
yok70
post Mar 15 2016, 02:16 AM

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QUOTE(AVFAN @ Mar 15 2016, 02:03 AM)
my portal says 1472 ATP UWTI suspended.  shocking.gif

anyone seeing this?

real or something wrong with my broker's portal? rclxub.gif
*
nothing for me, i can even place an order.
and i can see price blinking. looks fine to me.

This post has been edited by yok70: Mar 15 2016, 02:16 AM
yok70
post Mar 15 2016, 02:54 AM

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QUOTE(AVFAN @ Mar 15 2016, 02:22 AM)
did order go thru?

i bought earlier, now cannot sell!
*
i test only by putting $10, so not really sending the order in.

yok70
post Mar 15 2016, 02:56 AM

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QUOTE(danmooncake @ Mar 15 2016, 02:48 AM)
Yeah.. they're still buying this dip (or covering). Not enough horror stories yet to cause oil to pull back more.

Today, the general market is diverging away or still holding up despite pull back in oil.
*
wet dream not arrives yet.... shocking.gif
yok70
post Mar 15 2016, 08:45 PM

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QUOTE(AVFAN @ Mar 15 2016, 08:15 PM)
itrade... i was told their IB does an entire sell suspension for any counter whenever there is a corporate exercise like that.

you can buy but cannot sell until payment is effected, i.e. enforced during contra period.

they do this because they are kiasu, had problems before with clients who thought they made a windfall like buying uwti at 2.30 and sell at 22.30. laugh.gif

but... can still sell if u call night help desk.
becos of this fiasco, i go from netting 2 ikan bilis to giving away 4. dry.gif

will see how later...
*
oops....

one thing i really hate on itrade is their slow slow response to put accurate number into the statement. It takes few days to really get the numbers right, partly because of the T+2/T+3 thing. However, on my Jupiter platform, bursa also has T+3, but they let us see the "almost correct" balance immediately after we a transaction was filled/matched. Why can't the itrade does the same thing? Very frustrating.


yok70
post Mar 15 2016, 08:46 PM

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QUOTE(mikehwy @ Mar 15 2016, 08:39 PM)
wow, just saw crude free fall, dripping blood by over 1.00 now.
*
i am waiting to see real free fall....say, a $3 dip....that'd be my wet dream. laugh.gif
yok70
post Mar 15 2016, 09:43 PM

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QUOTE(AVFAN @ Mar 15 2016, 09:30 PM)
ya, itrade balances are shix... i have to track my own and call them to check many times.
is jupiter better for brokerage fees?
*
jupiter is good for local stocks, fees are ok (all in fees around 0.15% for my usual transactions). But it's very troublesome if trading hk stocks etc. (i knew they had this last year or so, but not sure if they still have it currently).

so, did itrade ever miscalculate on your account? I hope they don't, since i "assume" they do it right. rclxub.gif
yok70
post Mar 15 2016, 10:04 PM

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QUOTE(AVFAN @ Mar 15 2016, 09:47 PM)

i hv "caught" several mistakes over the last year! sweat.gif
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really??!!!! how much different??!!
damn!!!!

but i really can't understand how they calculate the numbers. If I only look at the (sense making) past month's forward balance, purchases column and sales column and do the math, sometimes the final figures just doesn't matched. mega_shok.gif
say, if i did some fast trading (less than T+3 days for US stocks), can i still use just the above 3 columns (months' start balance + total sales - total purchases) to get the current balance? Assuming all T+2/T+3 thing passed. The tricky part is in between there might be one or two transactions that considered as "contra", which they will get the "contra loss" or "contra gain" out without actually completed those transactions. Just yesterday, the remisor called and asked for more cash saying my account lack of cash to pick up a stock. However, by calculating the above 3 columns, I should actually have RM4k extra left in balance. I haven't figure out if contra could affect the above simplified calculation. shakehead.gif
yok70
post Mar 15 2016, 10:20 PM

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QUOTE(AVFAN @ Mar 15 2016, 10:14 PM)
it's complex, hard to explain... biggrin.gif

see, all local nominee accounts don't work like bursa or foreign usa brokers, and they work diff from each other.

cimb vs hleb quite diff also.

one thing u must take note about itrade - all transactions are calculated and settled in RM, i.e fx buy determined by date of purchase and sell. in the case of a rising RM, u lose; in case of declining RM, u gain more. contra gain/loss are auto converted into RM and sent to yr bank acc., do u not notice? only when u instruct them to keep in USD trust in advance case by case will it be done; no standing orders allowed. this is NOT the case with helb.

the mistakes... once, they removed a contra gain, some manager saying it was not mine but somebody else's. well, i had to tell them to get it back. another contra gain simply did not show up in the summary, but was rectified after i told them, they said "technical error". the thing is if i had not checked, gone la...  while i am not totally upset with them, i can see they have some pretty incompetent sups and crappy IT people in the back office.
*
Shit!! Then it might be happening to me right now! Damn....it's difficult to clarified too. Sigh!
the currency floating is fine, just few %. But the contra disappearing will be....huge!! few K there!!
puke.gif shakehead.gif

ok, for your understanding.
if i just check the following 3 columns (as mentioned above) when looking at current month's statement page.
A. "0. BALANCE BROUGHT FORWARD"
B. "2. PURCHASES"
C. "3. SALES"

Then, I just do a simple math:
A + C - B = My Final Balance.

This is just to get a rough idea of the balance by ignoring interest gain etc.

Do you think this is correct? By this, can I totally ignore contras?

This post has been edited by yok70: Mar 15 2016, 10:25 PM
yok70
post Mar 15 2016, 10:27 PM

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QUOTE(AVFAN @ Mar 15 2016, 10:22 PM)
start tracking yr transactions and check against client summary everyday! biggrin.gif

the monthly statement is crap, can't make anything out of it.
*
I did. But those numbers doesn't make sense to me. I can't read them! So, I can only check if they look similar or not after few days (since their numbers updated very slow!).
And the remisor, when i questioned her about it, she like blur blur only... shakehead.gif

btw, all above, when i mentioned "monthly statement", i was refering to the online platform's "Report->Monthly Statement".

This post has been edited by yok70: Mar 15 2016, 10:28 PM
yok70
post Mar 15 2016, 11:05 PM

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QUOTE(AVFAN @ Mar 15 2016, 11:03 PM)
looks like bear...

crude and dow sliding...

better go watch tv. tongue.gif
*
wet dream please come faster.. brows.gif
yok70
post Mar 16 2016, 02:19 AM

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QUOTE(AVFAN @ Mar 16 2016, 01:55 AM)
the baby bear seemed to have gone away, baby bull coming?

quite remarkable crude recovered quite a bit from its low.

uwti... from +2 ikan to -4 ikan to -1 ikan now.

will make an exception, hold and see if i can get +2 ikan tmrw or day after. biggrin.gif
*
36.40 is a tough support to fight for the bears. laugh.gif

however, i'll continue at your opposite, the dwti. holding still. sweat.gif

This post has been edited by yok70: Mar 16 2016, 02:19 AM
yok70
post Mar 16 2016, 05:52 PM

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Investing.com - Oil prices rallied to the highest levels of the session in European trade on Wednesday, after OPEC and non-OPEC producers agreed to hold their next meeting on a plan to freeze output levels in Doha, Qatar on April 17, even without the attendance of Iran.
yok70
post Mar 16 2016, 11:27 PM

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QUOTE(AVFAN @ Mar 16 2016, 11:00 PM)
90 mins passed...

market appears nervous.

oil/energy is up.

all dressed up to hear yellen say "no hike for a long long time..."! biggrin.gif
my ikan bilis now looking like a fat grouper, nice. tongue.gif
*
congrats!
and for me, dwti sucks tonight. laugh.gif
yok70
post Mar 16 2016, 11:47 PM

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QUOTE(AVFAN @ Mar 16 2016, 11:34 PM)
dwti last night touched 171, right?

now, seeing 149... sayang...
it's going to be a long night.

took profit on wti and oih.

now go watch tv, see what happens later to slb.
*
i cannot touch my trust account for now. I reported to my remisor regarding the possibly wrong numbers in my account (a disappearing RM8000+!). Damn....now i wondering if I still want to contra trade with iTrade....contra already pressure, now even required to monitor wrong money numbers....geee..... mega_shok.gif
yok70
post Mar 16 2016, 11:49 PM

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QUOTE(win44 @ Mar 16 2016, 11:46 PM)
Same here.
*
the "positive" news is about the "freeze meeting will be postponed to April even without Iran".....well, i don't see this as "positive" for oil, so....i'll just hold mine and keep monitoring the price. sweat.gif
yok70
post Mar 17 2016, 01:31 AM

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QUOTE(AVFAN @ Mar 17 2016, 01:03 AM)
8K? that is serious.

u surely need to spend time to trace them line by line, date by date.

trade less, easier to keep track.
back from tv, things have softened.

60 mins to fed comments, 90 min yellen.
*
ya, very frustrating. If it's true that they made a mistake, I need to seriously consider to use other platform for fast trading. Cannot use iTrade for it. I suspect it's the contra part that creates problem. But January, i did a lot of contra trades without any problem. She even need to check overnight, i guess she's also blur blur. shakehead.gif

This post has been edited by yok70: Mar 17 2016, 01:32 AM
yok70
post Mar 17 2016, 01:33 AM

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tonight oil bulls seem to target for closing above 38....lets see.
yok70
post Mar 17 2016, 02:18 AM

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QUOTE(AVFAN @ Mar 17 2016, 01:43 AM)
i suggest u check one particular thing - the usd-rm part.

every trade is settled in rm. unless instruction is given each time NOT to convert to rm but stay in USD, there is risk of something lost.

given usd/rm recently gone from 4.3 to 4.10, chances are there are more trades that were disadvantaged than advantaged. over time, this can be very significant. in some cases, from gain in usd, it becomes loss in rm. e.g. buy usd10 at 4.3 = rm43. sell usd10.2 at 4.15 = rm42.33. so, instead of gaining usd0.20, you lost rm0.67.
*
But, the interest rate already "priced in" on the "2. PURCHASES" and "3. SALES" columns. I was using those columns to calculate. hmm.gif

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