Are you Serious? Citi also cannot buy?

no, dun misunderstand. I'm talking about SHORTING a counter (Sell).

Counters below USD5 can't short.

Pre-Market :

C : 4.65 TP 5.00 or lower, depends on market sentiment
URE : 6.21 TP1 650 or sell @ what ever price, depends on market sentiment.

Major news for today :
-Standard & Poor's/Case-Shiller home price index for July
- Conference Board consumer confidence index for September.

Expect movements between 930-10pm, right after the opening bell.

Ok. we can call in using skype. By the way, do they use microsoft conferencing?

---

Added on September 29, 2009, 9:50 pmC performance is incredible. is it a trap?

This post has been edited by epalbee3: Sep 29 2009, 09:50 PM

SOLD URE @ 630
SOLD C @ 477

Now holding none.

Re-entry C @ 450
Re-entry URE @ 600

I sold my C at 4.75 & also holding nothing now.

Gonna hold my C until the cows come home.

I will, and re-entry @ dip.

Will go to other broker for LONG TERM. MBtrading is just for short-term, So that I not "accidently" close all positions.

MBTrading = Maybank Trading?

LOL, Maybank local brokerage is already sucks big time.

MB Trading here : https://www.mbtrading.com/

MB stands for Manhattan Beach

http://www.pr.com/press-release/77431
http://www.mmdnewswire.com/manhattan-beach...p-llc-3051.html

---

Added on September 30, 2009, 9:29 pmCIT tanked
C upgraded to BUY

This post has been edited by zamans98: Sep 30 2009, 09:29 PM

CIT is either going to go boom or bust.
Anyone brave enough to go in?

1 cent i will try. dumping money in the sea.

---

Added on October 1, 2009, 12:04 ammy account is activated. but i dun think it is a right time to buy.
perhaps it will be bear one whole month. not yet have short capability.

This post has been edited by epalbee3: Oct 1 2009, 12:04 AM

POSITION entered today

UYG 5.80 x 150
URE 5.80 x 150
C 4.60 x 500
ETFC 1.74 x1500

Pending Q
C 4.55 x 500
C 4.50 x 500

hey zamns98, your total transaction will be more than 10k usd right.

i know about the T3 thing, but you can buy so much kah? i mean more than what your acct has.

confuse newbie here




This post has been edited by dannyooi_84: Oct 1 2009, 12:28 AM

For those who are shorting SIRI, you might cover your shorts.

Negative Media Attacks Plague Sirius XM Radio

---

Added on October 1, 2009, 12:55 am

Interesting to say the least. Keep your eyes peeled for the next two weeks.

This post has been edited by mH3nG: Oct 1 2009, 12:55 AM

Does anyone knows how sogotrade handles tax for foreigners like us when we trade with them? I dont see anywhere that they ask us for the w8ben form geh? Do we have to declare our own tax on dividen? Sorry if i overlook this...the helpdesk aint much help.

i'm in the process of creating a sogotrade account also, gonna mail them the things they requested including the w8 form tomolo..
they will ask you to fill in the w8 form and mail it to them.. i'm not sure how the tax thing works as well, but the w8 form is the tax withholding form, which i'm taking it as "foreigners don't need to pay tax" form
epalbee if i remember correctly u are using sogotrade too right?

This post has been edited by motolola: Oct 1 2009, 01:41 AM

Hey thanks for answering.
Oh!! so sogotrade do ask for w8ben form also la? They only ask me to fill in the signature form and gib them my passport photocopy. I am abit confused liao. Coz firsttrade they email me all those forms & stuffz i need to fill in and submit. But with sogotrade, they only emailed me the signature form. Then when i try to look in their website to check on the w8ben form, i cant find it. Or maybe i am not looking hard enuf. Where do they tell you to get the w8ben form? Their customer service sucks...they ask me to ask the tax department coz its not their business to answer me about tax!! i mean come on...they cant even tell me about the w8ben form?!! Omg......abit skeptical liao about using them. Oh well..maybe i am not following the right sequence.....did i jumped Q? LOL

This is where i currently am.
1. Open acc, got my username and pwd oredi.
2. They mailed me a Signature form to fill in and ask me to submit the following;
supporting documents.
· Social Security Card
· Proof of Identity -driver license or any government issued ID. (If you are not a U.S. citizen or resident, please submit a copy of your passport).
· New Account Signature Form (NAS)

so...now i am wondering where to get the w8ben form coz i cant find in their webbie, n its not in the email...is it the step after?

This post has been edited by mIssfROGY: Oct 1 2009, 02:42 AM

i have a sogotrade, but not actively used. Now i used firstrade.
you only have to pay tax for dividence distributed.

i also mailed the W8BEN form using normal postal mail. Please do not use normal postal mail, the registered mail reached US < 2 weeks while normal postal mail has taken 3 weeks but still not arrived.

Not sure, my trade are on CASH basis, even my account is Margin account. In short, exactly like local broker.
However, I'm not sure if there's such thing as T+3 or T+2.

Whatever I bought must equal to cash in hand, so that I can sleep without much hassle at night.

like what say, the market is unpreditable.

mid night news is dangerous because we cannot react.

C has changed position from -12cents to +14 cents during the mid-night.