One question guys, do I buy and sell ETF just like normal shares? Any other charges that I have to be aware of? I cannot find the TAN ETF in the cimb itrade...

Thanks. Was trying all sorts of combination trying to find the counter. How will they validate us when we call ?

Everything (so far) tells me i should use local broker in my case. You mentioned 'long term', if i monitor my shares daily & could possibly buy/sell in 1 week time frame, is it still ok for me to use local broker ?

SOLD URE @ 630
SOLD C @ 477

Now holding none.

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

---

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

JG Savoldi:
Our model agrees 100% with the idea of Window dressing in fact, if we're correct, the entire move off the July low should be unwound in a short 13 session crash. (We're calling for a 22% crash to INDU 7700 into October 13th.)

The remainder of the year also looks terrible according to our work--we're calling for a 50% crash bit.ly/yVBgt --and although fundamentals are not what we base our predictions on, it seems to us that people have discounted the negative effects of H1N1 on productivity and spending way too much.

We invite the public to view our real-time predictions (the same ones our hedge fund clients see) on Twitter for free now through October 11th. bit.ly/l3hv8

Sold earlier. Anticipate bad opening and low pricing up to 10pm



LONG 4.60
SOLD 4.80

I start to earn for my first US stock - C..

I guess it will raise to USD5++.. Be tuned.. should be within this week.

Citigroup Earnings Preview: Third Quarter 2009

    * Thursday, October 8, 2009
    * Featured, Financial Stocks
    * Add a comment

Citigroup (C: 4.63 -0.43%) is scheduled to report their third quarter 2009 results before the market opens on Thursday, October 15. Based on our analysis, we at EarningsPreviews.com are expecting Citi to report better than expected quarterly results that will exceed Wall Street’s consensus expectations.

Analyst Expectations

We are forecasting revenues of $20.95 billion and EPS of ($.20). This would represent a 40% increase in revenues from last year’s $16.68 billion in the same period. The current analyst consensus estimates calls for revenues of $20.49 billion and EPS of ($.21).

After easily exceeding Wall Street’s consensus estimates the last two quarters, we expect Citigroup to only marginally exceed the Street’s expectations this quarter. The company continues to face massive credit losses as unemployment continues to weigh on consumers. Over the last three months, another 768,000 have lost their jobs and the unemployment rate has risen from 9.5% to 9.8%. Unfortunately, improvements in the labor markets are not expected until at least 2010.

Last quarter, credit losses climbed 81% to $12.4 billion and showed further deterioration from the $10.3 billion recorded in the first quarter. While Citi’s stock has soared since dropping below $1 in March, the stock has been treading water since August as consumers remain concerned over future credit losses. We believe the stock will likely remain below $5 until there is clear evidence that these credit losses are abating.

Share Performance

Since the beginning of the year, Citigroup’s shares have fallen 31%, but are up over 300% since March. In 2008, Citi’s shares fell an amazing 76% and badly underperformed the 34% decline in the Dow Jones industrial average.

Valuation

Shares are now trading at 66x consensus 2010 EPS estimates. This is above the relative valuations of their peer group. We continue to view Citigroup as the most speculative stock within the financial sector and feel that credit losses continue to pose significant risk despite the improving economy.

Recommendation: Hold

You're absolutely right. Look at my latest Statement : Commission paid =  USD188.10 or MYR640!

Haha. No wonder they waive the DAY Trader restriction for me, no USD25K min deposit, Free Level II quote. Margin Application approve fast. E-Mail attended fast. 

Only if they change to USD2.95 per trade, which is not likely. If I keep trade like that, mean I have paid more commission to MBT than to Hong Leong per Quarter.

Clients who subscribe to NASDAQ Level II: The $10 monthly fee is waived for MBTR Plan customers that run ten or more trades in a month. Level I quotes are always free.

E*Trade Financial CEO Layton to Resign at Year’s End

Sept. 9 (Bloomberg) -- E*Trade Financial Corp., the online brokerage that’s been unprofitable for two years, said Chairman and Chief Executive Officer Donald Layton will step down at the end of the year after reducing the company’s debt burden.

Layton, 59, became CEO in March 2008 after joining E*Trade’s board in November of the previous year, when the company ousted Mitchell Caplan and received a $2.55 billion cash infusion from Citadel Investment Group LLC, now its largest shareholder. Layton’s contract was set to expire at the end of this year, the New York-based company said today in a statement.

Layton oversaw E*Trade’s recovery from the collapse of the subprime mortgage market. Cash from Citadel helped the brokerage weather defaults, and Layton orchestrated a $1.7 billion exchange of debt into zero-coupon convertible bonds to reduce interest costs. E*Trade shares have almost tripled since a record low of 59 cents in March, and last quarter the company posted a smaller loss than analysts estimated because it set aside less money for future defaults.

“Now that our major recapitalization is complete and the online brokerage business is growing again, I have accomplished what was needed for me to end my time as CEO on schedule,” Layton said in the statement.

Layton said in an interview today that in his last months as CEO he will focus on budget plans; growing business among customers who invest $100,000 to $1 million, usually referred to as the mass-affluent market; and further strengthening the balance sheet. He said it’s “imminently doable” to have his replacement secured by the end of the year.

E*Trade shares advanced 0.6 percent to $1.66 today. Since the end of last year, they’ve climbed 44 percent, compared with a 48 percent rally in the NYSE Arca Securities Broker/Dealer Index that tracks E*Trade and 10 rivals.

Layton received about $11.8 million in compensation last year, including options and restricted stock that vest through 2009, according to a 2008 filing with the U.S. Securities and Exchange Commission. He didn’t receive any bonuses in cash, the filing said. He will be paid $375,000 a month through the end of the year and $1.5 million at year-end in return for helping the board search for a successor, E*Trade said in a separate SEC filing.

ETFC now down to 1.68, what you guys think of this stock? Any potential for suprises during the Q announcement?

Tech sector looks to be rallying.