The squeeze not yet started but the train already gone?

come on guys. this is once in a lifetime event.

does not matter you win or lose.

Hello. Anybody here know which platform is best used for a Malaysian to invest in the US Stock Market?
I tried opening Fidelity, but then realized they only open for US Residents (Haha).
Opened up an EToro and Webull account but havent really updated my personal profile nor made a deposit yet because I got cold feet.
Right now, I'm just really tempted to buy at least 1 GME share to see where it goes. Maybe a few AMC on the side.

Can anyone help a newbie out?
Also, what are the Tax repercussions to us if say the GME shares actually reach $1,000 or $69,420 per share? It is my understanding that a 30% Withholding Tax will be deducted from our overall sell of the shares. Do we still have to pay Income Tax for this gain?

Go to Etoro Thread for the most of the answers. Alternatively, follow DividendMagic on insta or FB. He has useful information/video guide on eTORO.

Etoro doesnt have AMC.

Withholding Tax only applies to Dividend payout. While we malaysian(non-US citizens) are not subjected to capital gain tax. While i have not withdrawn from etoro before, this is the part where i am curious about. I guess if the withdrawal amount is not large enough to trigger a red flag from your account home branch, it will be fine. Your bank, by law need to monitor for any suspicious activity.How much is large? i dont know. More than RM100,000 perhaps?

I bought a US dividend stock on Etoro. The first payout is due in Feb. Is the withholding tax automatically deducted? Do I have to complete a US tax return form? Can I just close one eye and not pay the tax?

Automatically deducted.

You get the net.

remember to set the higher TP while riding the roller coaster along

as when the shorts squeeze started , you don even have the time to sell it as the market will be halted and most of the platform will be unavailable to perform buy/sell ...

How much did you set? 60K?

Just loaded some funds. Getting ready to get some more shares and ride this once in a lifetime thing. Crash back to earth or reach the moon.

go big or go home, that is the spirit!
see u guys at $500

BUCKLE UP GUYS!

Short Interest reported by S3 says that it is only 53% of the float. something that i dont buy. If they managed to close that much, how did the price stays flat?

https://www.marketwatch.com/investing/stock/gme
% OF FLOAT SHORTED
121.07%
SHORT INTEREST
61.78M 01/15/21

https://finance.yahoo.com/quote/GME/key-statistics?p=GME
Shares Short (Jan 14, 2021) 4 61.78M
Short Ratio (Jan 14, 2021) 4 2.81
Short % of Float (Jan 14, 2021) 4 226.42%
Short % of Shares Outstanding (Jan 14, 2021) 4 88.58%
Shares Short (prior month Dec 14, 2020) 4 68.13M

liar liar pants on fire... (well Melvin's for sure gonna BURN!)

=edit=
no difference than last Friday posting

This post has been edited by Quazacolt: Feb 1 2021, 10:44 PM

their twitter reported that it came down. WSB discredited them. There is a post on it. Anyway, the number of float is in question now given the naked shorts.

Mind boggling how SEC allow naked shorting. America.

anyone cirit already?

HODL GME TO THE MOON!🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀




https://twitter.com/justinsuntron/status/1356267102689140737 CHINA JUSTIN SUN FUELING THE GME ROCKET

This post has been edited by Quazacolt: Feb 2 2021, 12:03 AM

-25%

the more they manipulate the market, the more we win

No surprise

Holding 1 GME from $350 to $180, but I guess they successfully drawed attention away from GME to AMC, SLV, DOGE etc, the squeeze is failing.

This post has been edited by honsiong: Feb 2 2021, 08:04 AM