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Investing in US stocks, Does anyone know how?
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mH3nG
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Sep 15 2009, 10:58 PM
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If that's the case then the lowest it can go is USD3.25. Any lower and the Treasury won't even bother converting it unless it needs to get out of Citi asap which will then push the prices even lower.
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mH3nG
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Sep 16 2009, 11:32 PM
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QUOTE(epalbee3 @ Sep 16 2009, 10:26 PM) $3.60 should be the price in October. Added on September 16, 2009, 10:32 pmBut I do think that if US treasury is going to sell all C shares with 6 to 8 months, there will be a sharp decline in share price. Not that many people can buy all the shares. Moreover, that means in 6-8 months, C shares will continue to drop as there are extra high supply. You know how much share US treasury is holding? about 30+%. kindly advise. I do believe it probably won't go back down to USD2 but I wouldn't need my day job if I could predict the market. Eventually their portion will be disposed of gradually but there won't be a sharp decline as bargain hunters will come in and snap up the stocks and that will provide some support to the price. As the market recovers, so will their risk appetite. Besides, the management still have the option to do a reverse share split if they think the share price is too low.
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mH3nG
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Sep 16 2009, 11:41 PM
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Wow... Don't know what happened but Horizons Betapro Nymex (HZBBF) just jumped 435%! All the other gas etf's are only up by about 3-5%
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mH3nG
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Sep 17 2009, 09:48 PM
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QUOTE(zamans98 @ Sep 17 2009, 09:16 AM) Congrats man, I even cannot buy 50 for now.  URGENT NOTE TO POTENTIAL MBTRADING CLIENT - you cannot short if a counter if your account is CASH, choose MARGIN. 7.75% interest rate (PA) Day Trade : 1:4 leverage Overnight : 1: 2 Only found out yesterday, while trying to SHORT FAZ. But you can buy put options right to make up for not being able to short right?
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mH3nG
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Sep 17 2009, 09:50 PM
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QUOTE(mynewuser @ Sep 17 2009, 07:36 PM) Hi, Any one can confirm on regarding the investment tax. I understand capital gain will incurs US 30% tax. Is it true? But as what I read from previous post, US tax is only for DIVIDED. How about malaysia tax for capital / DIV gain. Nono. Capital gains are gains which you get from buying low and selling high. There is no capital gains tax. You only get taxed on dividends that you receive. This post has been edited by mH3nG: Sep 17 2009, 09:51 PM
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mH3nG
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Sep 17 2009, 10:29 PM
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A bear among all the bulls QUOTE Don't Believe Retail Sales—The Consumer Isn't Back
An upbeat retail sales report for August may have buoyed up some hopes for renewed consumer spending, but those on the frontlines — consumer products and retail executives — interviewed by CNBC on Wednesday weren't quite as upbeat.
"I would say that one month does not make a trend and that we have to be very careful about reaching conclusions that the consumer is back because of August data," said Home Depot Chief Financial Officer Carol Tome.
Tome said she thinks there's a lot of noise in the August numbers, which reflect back-to-school spending driven by deep discounts at some retailers, as well as the government's popular "Cash for Clunkers" auto program.
Not only has Home Depot's [HD 27.9775 -0.0825 (-0.29%) ] business been hurt by the recession, but the slowdown in the housing sector has dampened sales considerably.
* Retail Sales Are Recovering, but Hardly on a Roll
Still, Tome said, "Our business is less bad than it's been." (To hear more from Tome, click here to watch this portion of the interview.)
In a separate interview, H.J. Heinz [HNZ 39.91 -0.04 (-0.1%) ] Chairman and CEO William Johnson said, "Consumers have changed their purchase habits. We've seen significant migration from consumers to other channels, to private label, to more value, but we are also seeing more in-home consumption."
However, Johnson said the shift to private label, which are brands sold under a store's brand, is "moderating."
This trend has put significant pressure on the sales of brand name products in recent months, and reinforces why companies need to continue to invest in product development.
* Home Depot 'Eco Options' Label Aimed at 'Green' Buyers
Martha Stewart, who was also interviewed Wednesday, suggested the consumer would come back eventually.
"Yes, the consumer is going to come back," Stewart said. "It takes a while because they’ve learned what they can live without, right, and now they are going to start coming back. People like to buy things. People like to find new things. It’s our job to find the things they will respond to."
Martha Stewart Omnimedia [MSO 8.69 0.30 (+3.58%) ] and Home Depot are hoping that what consumers want will be a new line of home-improvement products.
These items, which will include everything from closet organization systems to patio furniture, will go on sales at Home Depot stores in the U.S. in January, and will broaden Stewart's brand beyond her existing deals with Macy's [M 18.00 0.48 (+2.74%) ] and Sears Holdings' [SHLD 67.3255 1.1455 (+1.73%) ] Kmart stores.
* Interview: Anheuser-Busch InBev CEO Carlos Brito on the Return to the NYSE
Stewart's deal with Kmart is set to expire in January. During her appearance Stewart was very critical of the way the discount retailer managed the Stewart brand.
"In the last couple of years, the new ownership has let our line deteriorate," she said.
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mH3nG
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Sep 17 2009, 11:31 PM
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QUOTE(zamans98 @ Sep 17 2009, 10:44 PM) C is climbing up fast n furious. My fund is still on the way there. For those who wanted to get C at $4 or lower, I think you all need to wait.. mH3nG, frankly I have no idea about OPTIONS and I don't want to trade OPTIONS. Sorry. I'm old skul. In that case, couldn't you get mbtrading to change your cash trading account into a margin account?
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mH3nG
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Sep 19 2009, 12:02 AM
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Today's market is relatively quiet.
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mH3nG
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Sep 19 2009, 02:43 AM
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I read somewhere that there wouldn't be a major crash anytime soon. Minor corrections are possible as everyone is too prepared for a major pullback. Its only when investors get too greedy will you see the market tanking. Also the recent March rally is mostly due to traders buying in rather than the retail investors Until we see a huge inflow of retail investors buying in, we won't see a large pullback soon. But hey, if I was always right, I'd be richer than Bill Gates by now.
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mH3nG
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Sep 21 2009, 08:03 PM
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Someone must have had a 'spicy' lunch today.  Chill man, they're just voicing out their opinions and it so happens to be on Citi. Besides, there has to differing opinions on a stock for the price to move. Otherwise, it'll end up like the stocks on KLSE, low breadth and liquidity.
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mH3nG
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Sep 21 2009, 09:46 PM
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AIG soaring 7.5% 9%! on Greenberg's proposal. This post has been edited by mH3nG: Sep 21 2009, 10:02 PM
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mH3nG
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Sep 22 2009, 02:49 AM
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Anyone on the AIG boat? Its up 18% now.
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mH3nG
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Sep 22 2009, 03:59 PM
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Seems like traders are predicting a fall in crude oil prices due to oversupply. Oil Options Hit Highs as Verleger Predicts 44% Plunge
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mH3nG
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Sep 22 2009, 08:54 PM
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The bulls are rolling in. Futures are pointing towards a higher opening. C is up 3% and AIG is already up 12% in the premarket. Added on September 22, 2009, 9:11 pmAnyone heard of any possible buyout offers for ETFC? If this article is right, ETFC could be the next PER... Why E*Trade is a must buyThis post has been edited by mH3nG: Sep 22 2009, 09:11 PM
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mH3nG
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Sep 23 2009, 10:46 PM
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I think everyone's waiting for the Fed's news on the US market.
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mH3nG
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Sep 23 2009, 11:07 PM
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Lol. Talk about making a quick buck.  Too bad they're taking ages to set up my account at mbtrading. Grrr Added on September 23, 2009, 11:08 pmQUOTE(epalbee3 @ Sep 23 2009, 11:04 PM) When the bulletin will out? Somewhere around 2pm. Here's some light reading. Fed May Signal U.S. Economic Recovery Has Started (Update1) This post has been edited by mH3nG: Sep 23 2009, 11:08 PM
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mH3nG
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Sep 23 2009, 11:17 PM
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QUOTE(zamans98 @ Sep 23 2009, 11:11 PM) Hong Leong Cross Border Trading is expensive. BUY/Sell Charges $20/ trade Brokerage Stamp Duty 0.10% USD Other Charges - very minimal few cents USD Bank Charges RM10 or USD2.9 Total Charges for example to buy : 200 C @ 4.70: 4.70x200 =940 +20 +0.94 +0.01 +2,90 Total Charges $23.85 or say about $25. both side say $50. So, not for day trade.. You need C to close above $4.95 just for break even Bah... CIMB is more expensive. They charge a minimum of USD25 per online trade.
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mH3nG
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Sep 23 2009, 11:37 PM
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I stand corrected.
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mH3nG
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Sep 24 2009, 10:23 PM
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Wow... Just got off the chatting with one of the tech support for mbtrading. Man are they quick and helpful. Turns out my account is actually ready to be funded since the 14th i.e. the moment I e-mailed over the scanned docs.  Added on September 24, 2009, 10:25 pmQUOTE(zamans98 @ Sep 24 2009, 09:41 PM) quite true. amazing rate from CIMB, not sure about other foreign banks. LONG ETFC @ 1.80 (Limit) x 1,000share Added on September 24, 2009, 10:07 pmLONG 150 URE @ 6.00 TP 7.00 LONG 500 ETFC @ 1.79 TP 2.00 Added on September 24, 2009, 10:07 pmLONG 500 ETFC @ 1.75 (add on) Hmm... I wonder why etrade is tanking today... This post has been edited by mH3nG: Sep 24 2009, 10:25 PM
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mH3nG
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Sep 24 2009, 11:02 PM
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QUOTE(epalbee3 @ Sep 24 2009, 10:51 PM) if you try sogotrade, you will not able to find someone to chat with you online.. well.. everything comes with a price. I should apply for mbtrading in future.. I suppose you get what you pay for. Some of us would probably never need a live chat anyway so they're probably better off with sogotrade.
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