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 USA Stock Discussion v8, Brexit: What happens now?

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joeblow
post Apr 13 2020, 01:15 PM

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QUOTE(icemanfx @ Apr 13 2020, 12:31 PM)
Over 70% of u.s gdp is services, oil price rise will drag the economy. what dt did is unprecedented and unusual, he seems to place saudi and russian interest higher than u.s.
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He is trying to protect the energy sector in the US market, most of it Republican states. A collapse in oil sector is not good at all for US. Oil, American dollar and military are what the US use to maintain their no1 big brother status.
joeblow
post Apr 13 2020, 10:50 PM

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QUOTE(Ramjade @ Apr 13 2020, 10:41 PM)
I am not a trader. I am a dividend investor. Looking to add more BPY is tax free.
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Motley fool actually recommended this share. Can you elaborate more on the tax free, I thought we get taxed flat 30% on dividend? You mean via IB we will not be taxed? Full dividend? Thanks.

This post has been edited by joeblow: Apr 13 2020, 10:50 PM
joeblow
post Apr 14 2020, 12:06 AM

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QUOTE(Ramjade @ Apr 13 2020, 10:57 PM)
It's based in Bermuda. Since it's not based in US it''s tax free. What file for tax? You don't file tax with US IRS and you don't need to file for dividends with LHDN since foreign dividend not taxed by Malaysian govt.
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Actually this share looks good. So you mean the dividend do not need to hold 30%? My other dividend paying stocks always withhold 30%. Also is this stock ADR? ADR shares charge some small fees... Custodian fee I think.
joeblow
post Apr 14 2020, 09:02 PM

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QUOTE(Icehart @ Apr 14 2020, 05:45 PM)
Looks like correction is imminent  brows.gif

user posted image
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I really no longer understand this market. JPM just forecast quite serious recession later this year, IMF just gave warning the world might experience the worst depression ever since 1930s... especially if the health situation not improve next year. I believe properties, tourism including casino, cruise, airline, etc should be virtually no business or maybe less than 40% for the next 6 months. In fact I don't think things will improve until we have cure or vaccine...

Yet market pre market up big. Strange.
joeblow
post Apr 20 2020, 11:53 PM

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QUOTE(cybermaster98 @ Apr 20 2020, 11:10 PM)
Ive already got exposure in Exxon. But yeah i think that's a easiest option. O&G counters.
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What's your average price for XOM? Mine was 47 and I kind of regret not average down when it dropped to 31. I almost pulled the trigger but that time not much cash left. Actually quite surprise XOM and other oil counters holding strong today and last Friday despite the drastic drop in oil price. I got bitten big time by options trading before, so I rather go for actual stock.
joeblow
post Apr 21 2020, 02:22 AM

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Never bought USO ETF via IB before. Any experts here? Just look for USO under ETF and buy? What's the fee like? Thanks.
joeblow
post Apr 21 2020, 02:31 AM

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QUOTE(Icehart @ Apr 21 2020, 02:24 AM)
ETF is like a trust fund. Make sure you know what you're getting into.
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Ya I guess I am blinded by greed. Just checked, costs about same as stocks. Max 0.1% of value. Correct me if I am wrong, this ETF trades on the oil price futures right? Meaning profit and loss based on the value of oil? Higher oil price means higher profit or is it determined by the managers of the fund when they price in the expected contracts price for eg June?
joeblow
post Apr 21 2020, 11:02 PM

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QUOTE(Ramjade @ Apr 21 2020, 10:43 PM)
Not sure which is better. BP or shell. I like shell for it's record.
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Can I check, you guys buy shell using lse and pound right? Dividend is tax free or also 30% withholding like US?
joeblow
post May 23 2020, 07:03 PM

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QUOTE(cybermaster98 @ May 23 2020, 03:41 PM)
This clearly explains whats happening in the stock markets:

https://markets.businessinsider.com/news/st...20-5-1029227416

user posted image
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This analysis doesn't take into account the hk situation and the fact US just added another 33 China companies to the blacklist. China kept saying they will retaliate, not sure if they will. But if they do, all hell will break loose. Last Friday I cut lost, sold all my US stocks at 8k USD lost... Pain. China is calling trump's bluff because it is his election year. Trump doesn't want to have another stock market meltdown. Punters trade with caution...
joeblow
post May 23 2020, 07:25 PM

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QUOTE(Krv23490 @ May 23 2020, 07:10 PM)
Do you mind sharing what did you cut loss on ? or what does the 8k represent in percentage ?

Curious as i thought the run up who have put mostly everyone who remain invested in the us market in the green

*I am just a little skewed towards tech, i sold NVDA and AMD to protect capital and have lost out on alot of gains sad.gif
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NVDA and AMD (chips) mainly not affected by the market. So is the FAANG. Unfortunately I lost money on TWTR, around 7.8% lost. Bought at 35.5 and in the Mar crash went to 20, did not average down. Due to the hk situation, I decided better sell first then see how. You need a strong heart to hold TWTR. Valuation on the tech stock super high and almost all at all time high, a bit unreal... I got AMD too but sold off ages ago before the big rise sad.gif

This post has been edited by joeblow: May 23 2020, 07:32 PM
joeblow
post Jul 10 2020, 02:48 AM

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Hi all,

I have a question on RDSB. I tried to buy it via IB Trader Workstation.

Strange thing is when I key in RDSB it shows me 3 stock option. One is RDSB LSE, one is RDSB AEB and the other one I forgot.

I tried to choose the RDSB LSE it shows me the stock is over 1100... not sure in pound or what. USD only around less than 30USD now.

So which one should I choose and what currency is that? I wouldn't want to place limit order since I might key in a different price. My settlement currency is USD and always the price displayed is in USD. But this RDSB LSE is giving me strange number.

Also is a those held in custodian shares ADR that's chargeable?

Appreciate any gurus who bought this share enlighten me. Thanks.
joeblow
post Jul 10 2020, 03:09 AM

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QUOTE(joeblow @ Jul 10 2020, 02:48 AM)
Hi all,

I have a question on RDSB. I tried to buy it via IB Trader Workstation.

Strange thing is when I key in RDSB it shows me 3 stock option. One is RDSB LSE, one is RDSB AEB and the other one I forgot.

I tried to choose the RDSB LSE it shows me the stock is over 1100... not sure in pound or what. USD only around less than 30USD now.

So which one should I choose and what currency is that? I wouldn't want to place limit order since I might key in a different price. My settlement currency is USD and always the price displayed is in USD. But this RDSB LSE is giving me strange number.

Also is a those held in custodian shares ADR that's chargeable?

Appreciate any gurus who bought this share enlighten me. Thanks.
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Nevermind, I figured it out. Lucky I never buy as the correct way to enter the symbol is RDS B. If not ended up buying crazy prices in pound, dutch or swiss franc.... and it is confirm ADR.
joeblow
post Jul 10 2020, 01:43 PM

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QUOTE(Ramjade @ Jul 10 2020, 08:54 AM)
RDSB. The one in US is ADR and it comes with yearly ADR fees. HTe one in UK in pence (like malaysian se) but not ADR fees. 100p - Ipound
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Yeah thanks. I guess if trade this share have to be adr since I don't like to trade in lse market due to pound conversion. Unless of course keeping long term. BTW do you know if I have no pound, will ib auto convert the currency usd to pound using the current market rate? Not sure what you meant by hte.

Anyway the key is the space, rds b. Just a precaution warning for those trading rdsb in the wrong market and inputing the price for wrong settlement currency.
joeblow
post Sep 3 2020, 11:59 PM

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QUOTE(ozak @ Sep 3 2020, 11:32 PM)
Taking profit.

And tomorrow holiday.

No need see. Sleep early.
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I think tomorrow got market. Mon then holiday
joeblow
post Oct 14 2020, 04:41 PM

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QUOTE(Raymond_ACCA @ Oct 14 2020, 02:02 PM)
Yup. Guess is because of bad outlook. But in terms of bank performance in these bad times. I guess it’s not bad. Still good ratios.

Disclaimer: got some more Jan2023 calls.
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2023 calls??? Wow, how much premium you paying to have an option that rests for 2 years 3 months. And which platform you use?
joeblow
post Oct 17 2020, 11:21 AM

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QUOTE(ozak @ Oct 17 2020, 10:03 AM)
TSM all time high with good profit announce. No competitor and full production of their chipset.

I m waiting it to pull down abit and go in. I only discover TSM recently as I thought it didn't list in US. Have been follow this company quite a while.

NVDA almost hit the ceiling of 600 from some analysis. But believe it still can go high. And they start to use TSM chispset. Brought few month ago with good profit now.

Just go in both.
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TSMC is a very good company. They are the only ones with stable mass manufacturing with low error rates for 5nm chips, and ahead of Samsung/SMIC. Intel, etc will also go to TSMC in near future for chips.

However a couple of risks, Taiwan factor (risk of war) and success of SMIC (unlikely for now due to China/US Tech War, but never discount the power of centralized resource). Currently TSMC business so good they are expanding like crazy to meet demand, looks like our gloves factory expansion.

Personally I also target TSMC, but due to the ADR fee I decided to go AMD/NVDA too (already exited position with very small profit). Instead my coverage for TSMC goes to those Unit Trusts Fund that cover semi conductor industry.

PS5 and the renewed GPU/CPU from AMD and Nvda will carry most of the chips. Not to mention Apple exclusively for 5nm chips. But Samsung lately also claimed they achieve mass production for 5nm chips. Qualcomm 875 chips will be from Samsung initially if I am not wrong.

Oh TSMC also (some say pressure from US) set up new factories in US, mainly for US military supply. Yes, all the high tech equipment and weapons need chips to run...

If trade war escalates with China however, TSMC will also be one of the first few get hit severely (actually all will get hit, AMD, NVDA, Apple etc).

Good company with tons of profits and share dividend. If only valuation not so high and ADR fees.... Trade with care, somehow I feel China will retaliate after the US election if the sanctions against big T from China continues.
joeblow
post Oct 20 2020, 01:12 PM

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QUOTE(jasontoh @ Oct 20 2020, 12:29 PM)
Why Biden's win will be better in long term?  hmm.gif

The way I look at it, Trump more towards business friendly while Biden is not
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Because of trade relationships with other countries. US trade relation with China, Europe etc will be more coordial than aggressive. Market doesn't like uncertainties with trade. On the other hand, tax goes up may be bad for companies. Big companies as usual will have loopholes to stash their money overseas. Certain sectors will benefit with Biden win like renewable energy etc.

But all is rosy until Biden screws up, all depends also if Democrats win back senate and maintain house majority.

If Biden wins on Nov 3rd and Trump doesn't want to let go until all legal means exhausted, there will be short period of chaos especially with covid cases still going up and vaccine effectiveness still yet be assured.

If Trump wins on 3rd Nov, then mail in ballots come in weeks later and Biden wins, then confirm will have serious havoc.

So best scenario is to have conclusive win for either candidate, ie win with strong margin and the other party especially trump being gracious loser. Senate and house race also important.

If Trump wins and Democrats win House and Senate, then won't be good for market. Same with Biden wins and Republican takes back house. Immediate impact will be the stimulus bill, now the one being discussed to be approved before election at best is relief bill.
joeblow
post Oct 21 2020, 03:03 PM

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QUOTE(ozak @ Oct 21 2020, 01:35 PM)
Too much at stake for retreat. You have to understand in politics sometimes he doesn't have a choice. If he wins and scandal proved to be true, he will resign and kamala will become president. Power still belongs to democrat party. That's why kamala in her debate with pence, kept emphasising she is ready to be president should Joe cannot continue.

Also I don't think got conclusive proof Joe is involved, ie cannot tie him to his son's alleged crime. The thing that surprised me was Nancy Pelosi supposed to have received a copy of the hdd. Can't wait to see how she will respond when the press asks her about this.

This post has been edited by joeblow: Oct 21 2020, 03:04 PM
joeblow
post Nov 5 2020, 04:28 PM

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I owned AMD and AMZN and AAPL... Sold AMD and AMZN for a small profit on 3rd Nov Tue... Then AMD and AMZN went up more than 4% yesterday 4th Nov Wed... I kick myself.

Yet I sold AAPL for yet another small profit... And now futures super green again... Sad... Greed knows no bound.

Truth be told, Trump will not concede and chaos will happen. Besides valuation for tech stocks near all time high and the covid cases for US just reached another peak. 100k new cases yesterday. Yet market continues to go up, you can't fight the institution and the DDTGs...


joeblow
post Nov 5 2020, 09:32 PM

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QUOTE(ozak @ Nov 5 2020, 08:24 PM)
Rumor from US, why the big taikor AMZN, FB, Google, Microsoft is super green is because big institution get infor faster that Biden will win. So they when in big.

Trump have a plan if he continue to be president, he will split this cartel internet media. They are too big and form a mass media against him in this election.
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Almost all tech stocks super green, not just FANGM. I feel so sad, had I held on 2 more days would have met the target for this year.... Returns almost 400% up for 2 days of wait...

Anyway Democrat admin typically is more regulation and more anti trusts than Republican ones. And if Trump wants to go after them, he would have had after 2018. Don't think for a min Democrats will not want to diminish the powers of the media... Today Media is Democrat's friend doesn't mean tomorrow it is not.

Qualcomm.... damn.... released result during uptrend. Apple, AMD, AMZN all beat yet down... Sometimes really no point to analyse it. Just play trend better.

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