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 Investing in US stocks, Does anyone know how?

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mH3nG
post Oct 13 2009, 11:17 PM

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QUOTE(mynewuser @ Oct 13 2009, 11:15 PM)
Yes. I also own C, AIG. rclxms.gif
*
Higher risks, higher returns. brows.gif
Maybe someone should come up with a 3x ETF for FRE, FNM and AIG. tongue.gif


Added on October 13, 2009, 11:23 pmCIT might really go bust this time though. Not only is the debt exchange deal getting lukewarm response, the CEO is going to step down at year-end.

This post has been edited by mH3nG: Oct 13 2009, 11:23 PM
mH3nG
post Oct 14 2009, 07:47 PM

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QUOTE(zamans98 @ Oct 14 2009, 12:43 AM)
Congrats. Now, wait for the Quarterly Report. If it beat estimate, we will see C trading above $5. Its long due.  rclxms.gif

Pre-Market reaching 497/498. About time to reach 5.00. If earning is good, we may see $7. I'm still holding mine, x1000 @ 4.77 bought last night.

SOLD pre-market

URE x1000 @ 488
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C is hovering at USD4.98 in the pre-market. brows.gif
Perhaps it might break USD5 tonight.
mH3nG
post Oct 14 2009, 08:10 PM

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QUOTE(zamans98 @ Oct 14 2009, 07:52 PM)
last done 499. Less seller, means expecting good result? GO GO GO.

psst - U hold no C, right? URE is up, but I'm scared, better liquidate, re-enter later at 570-580.
*
Haha. Me? I've bought C back when it was below USD4. Been holding it since then.
Wasn't brave enough to buy it when it was USD1 but I'm determined to hold my shares until the cows come home or if my bear alarm goes off big time. laugh.gif

I'm not that well versed with URE though so I can't say much. smile.gif

This post has been edited by mH3nG: Oct 14 2009, 08:12 PM
mH3nG
post Oct 14 2009, 08:18 PM

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Looking good so far:

JPMorgan profit grows six fold
mH3nG
post Oct 14 2009, 08:30 PM

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QUOTE(zamans98 @ Oct 14 2009, 08:21 PM)
YUP, so 10K is peanut. We will have BAC earning soon this week and the ever lovely GE soon after.
C is not DOW component but analyst using it as a gauge for indicator of finance sector recovery.
*
Yup. Will also need to keep an eye out for Goldman Sachs.
But quite worried about a possible pullback at the 10k level although I think danmooncake seems to be less bearish these days. tongue.gif


Added on October 14, 2009, 8:57 pmWhoa, FAS has surged quite a bit and might touch USD91 before the market opens.

This post has been edited by mH3nG: Oct 14 2009, 08:57 PM
mH3nG
post Oct 14 2009, 10:58 PM

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QUOTE(SLR_kaki @ Oct 14 2009, 10:40 PM)
Can anyone recommended local broker to trade US market?
I recently use CIMBInvest, damn expensive and they convert my stock price and unreasonable commission and currency rate.
what whatever u buy & sell at day, the price u see in the screen is reflecting ccy conversion of that day (USD against MYR).
Totally unreasonable.
*
Sorry mate, if you want a local broker, you'll have to fork out a pretty penny cos the charges aren't cheap unless you're buying in huge quantities then you can probably lower down your break even price. Again, you probably wouldn't need to care much about the prevailing exchange rate unless you're transacting in large quantities or if you're a forex trader. biggrin.gif

If you want lower brokerage fees, you need to look towards discount brokers which are based in the US. Best to check with zamans98 as he has done some pretty extensive 'research' by opening accounts with various brokers. thumbup.gif
If all else fails, there's always Google. tongue.gif
mH3nG
post Oct 14 2009, 11:16 PM

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QUOTE(miuk @ Oct 14 2009, 11:07 PM)
C almost crossing 5 dollars, don't you think a little late to get on the wagon?
*
The key is holding powwaahhh. tongue.gif
6 months down the line, who knows?
It could be worth USD8...
mH3nG
post Oct 14 2009, 11:29 PM

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This will be interesting. I wonder if the pullback might start tomorrow if the dow closes above 10k and tomorrows earnings aren't up to par?

JPMorgan Sets Very High Bar For Financial Peers (JPM, FAS)

This post has been edited by mH3nG: Oct 14 2009, 11:33 PM
mH3nG
post Oct 15 2009, 06:12 PM

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QUOTE
Shares Higher Ahead of Citigroup © Q3 Earnings Release Tomorrow

Citigroup Inc. (NYSE: C) shares are trading moderately higher ahead of its
Q3 earnings report, expected out just before the market opens tomorrow, October 15, 2009. The stock is up 2.80% to $4.97.

Analysts currently expect Citigroup to report quarterly loss of $0.38 per share on revenue of $20.04 billion. According to data from Bloomberg, 7 analysts have Buy ratings on Citi, 9 have Holds and 6 have Sell ratings on the stock.

Analysts have an average price target of $4.73.

Keefe, Bruyette, and Woods' (KBW) analysts state, "The investment thesis of Citigroup is challenging given our expectations for continued operating losses following a capital raise that resulted in meaningful dilution and government ownership. Moreover, we believe reducing risk embedded in certain non-core segments is unlikely to be a quick process. That said, a renewed focus on historical strengths that lever its competitive advantages, especially its international platform, may allow Citigroup to return to success longer term." KBW has a Market Perform rating with a downside price target of $4.20.

Richard Bove, of Rochedale Securities, raised his price target on Citigroup Inc. (NYSE: C) to $6.50 and said that Citigroup "has an attractive long-term future" and "will be funded by one of the most liquid balance sheets in banking."

Just this week, Deutsche Bank started new coverage on the Citigroup with a Buy rating and $5.50 price target. They said while issues remain, investor focus will eventually shift to what Citi can earn in a more normal environment and what will be done with excess capital.

Citigroup will issue its third quarter 2009 results via press release at approximately 8:00 AM (EDT) on October 15, 2009. Results will be reviewed via live webcast and teleconference at 11:00 AM. Stay tuned to StreetInsider.com's Earnings section to see our analysis of the highly-anticipated quarterly results within seconds of their release.

A big question investors will likely focus on will be related to what, if anything, will be done with the U.S. government's 7,692,307,692 share, or 33.6%, stake. In addition, investors will wonder if a reverse stock split is still on the table.


p.s. C is trading at USD5.08 in the pre-market. brows.gif
mH3nG
post Oct 15 2009, 08:06 PM

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Even Goldman Sachs is trading lower today.


Added on October 15, 2009, 8:08 pmC is losing 0.23cents per share this quarter compared to 0.29 cents per share last quarter.


Added on October 15, 2009, 8:29 pmCitigroup Has $101 Million Profit on Higher Deposits, Loans

This post has been edited by mH3nG: Oct 15 2009, 08:29 PM
mH3nG
post Oct 15 2009, 09:31 PM

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Yeah very odd even though Goldman Sachs and Citi reported better than expected profits. shakehead.gif
mH3nG
post Oct 15 2009, 09:37 PM

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QUOTE(epalbee3 @ Oct 15 2009, 09:33 PM)
run now!

today market starts to crash..
*
On what basis is it going to crash?

I think the drop was probably due to the investors anticipation of a better than expected 3q result.
Buying on rumours and selling on news...

C is holding steady at USD4.8

This post has been edited by mH3nG: Oct 15 2009, 10:10 PM
mH3nG
post Oct 15 2009, 11:19 PM

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QUOTE(zamans98 @ Oct 15 2009, 11:09 PM)
SOLD ETFC, NO LOSS/GAIN.

Suddenly move 2cts from my sold price. Yucks!

Re-enter C at 470


Added on October 15, 2009, 11:11 pmSOLD S x500 @ 355 with $45 net profit.
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Haha. I'll be holding ETFC unless there's any adverse news on it.

Btw, what other earnings report is slated for tomorrow aside from GE?
mH3nG
post Oct 16 2009, 06:09 PM

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QUOTE(mrPOTATO @ Oct 16 2009, 12:56 PM)
Oh that good !
Even poor ppl like us can play then  rclxm9.gif

edit - i mean invest
*
I wouldn't take it that way though. Buying in small quantities can actually hurt you more even with low brokerage fees.
Take for example you buy one share of C at USD 4.70. Add the brokerage fee of USD6 (Sogotrade) and you'll end up with a share what needs to go past USD10.70 to breakeven. laugh.gif


QUOTE(zamans98 @ Oct 16 2009, 06:00 PM)
WARNING

Just2trade sucks big time.

FAKE claim on :

- Streaming Quotes > None
- Level II Quotes > None
- J2trader as claim on the website, ie JavaBased - none > J2trader

As what being claimed on website.
FeaturesAll-in-one tool with streaming Level 1, Level 2, and Time/Sales data as well as Order Entry – Watch your  portfolio in real-time and place trades all from the same page
Create up to 5 watch lists with 15 symbols in each list
Level 1 streaming data includes inside Bid/Ask quotes, day’s % change, day’s $ change, day’s high/low, previous close, day’s volume, and tick trend
Level 2 streaming data includes more in depth bid/ask and size levels for each market participant
Time/Sales streaming data includes the last price, size, and execution time
Adjustable columns within the streaming data screens allow for customization

Final WORD: Stay Away - unless you don't care, just punch in buy/sell, and wait the best. ECN my DI*K. Super faker. I'm also not sure if the execution is good even.
Worst ever platform I ever seen, EVER. Feels like I'm in pre-2000 internet interface.


Interface : 1/5
Customer Support : 1/5
Account Activities (opening/transfer): 3/5
Tools/Research : 1/5 (using 3rd party)
Protection :  FINRA / SIPC

Final Rating : 1/5
*
I think you're just too generous. With that kind of service you ought to give them a 0.
Level 1 quotes should be available for free. If they can't provide even the most basic streaming quotes then... doh.gif

mH3nG
post Oct 16 2009, 09:16 PM

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QUOTE(GHz @ Oct 16 2009, 06:46 PM)
For me it depends, if buy lower price share yes I agree definitely loose but if you higher price shares such as GOOG. current price ~$530, brokerage fee $6, only need to increase to 536 to break even. its easily achievable, eg premarket today alone GOOG up $19.
*
You're right. I totally forgot about shares which are on the other end of the scale.
Though I wonder, who's rich enough to buy one share of BRK.A. smile.gif


Added on October 16, 2009, 9:18 pmEarnings: Fri. Before Open

* Bank of America (BAC): Q3 EPS of -$0.26 misses by $0.05. Revenue of $26.04B (+32.7%) vs. $27.61B. Adds $2.1B to credit loss reserves. "Obviously, credit costs remain high, and that is our major financial challenge going forward. However, we are heartened by early positive signs, such as the leveling of delinquencies among our credit card customers." (PR)
* GE (GE): Q3 EPS of $0.27 beats by $0.07. Revenue of $37.8B (-20%) vs. $40.03B. CEO Jeff Immelt on GE Capital: "While it remains a tough environment for GE Capital, we are seeing signs of stabilization. Every segment at GE Capital was profitable with the exception of Real Estate, which is experiencing a tough environment but where we believe the risks are well understood and manageable." (PR)
* First Horizon National (FHN): Q3 EPS of -$0.24 beats by $0.08. Revenue of $495M (-6.4%) vs. $504M. (PR)
* Halliburton (HAL): Q3 EPS of $0.31 beats by $0.05. Revenue of $3.59B vs. $3.42B. "Overall market dynamics remained difficult in North America... Although I am more confident in our view of the international markets than I was last quarter, project deferrals together with pricing pressure, driven by our customers’ desire to reduce input costs, cause us to continue to expect a softer near-term margin outlook for international markets." (PR)
* Mattel (MAT): Q3 EPS of $0.63 in-line. Revenue of $1.79B (-8.2%) in-line. ""As expected, revenues continue to be challenging this year due to the overall economic environment, retailers tightly managing inventory, foreign exchange rates and the lack of entertainment-inspired toy lines." (PR)


This post has been edited by mH3nG: Oct 16 2009, 09:18 PM
mH3nG
post Oct 17 2009, 01:13 AM

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Based on the reduction in short interest for C and the casino sector, does that mean we'll see a rise in these counters over the next week or so? hmm.gif
mH3nG
post Oct 18 2009, 08:20 PM

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There's a possibility that financials might go lower.

Investors Will Sell Financials, Buy Tech Stocks, Acampora Says
mH3nG
post Oct 19 2009, 01:12 AM

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Haha. I'd rather take my chances at Uncle Lim's roulette table rather than trading forex. smile.gif


Added on October 19, 2009, 1:25 amKeep an eye out for next weeks earnings:
Caterpillar, Boeing, 3M, Stanley Works and Freeport-McMoran Copper & Gold.
We'll probably go either way from here onwards.

US Factory Reports Could Hold Key For a Bull Market

This post has been edited by mH3nG: Oct 19 2009, 01:25 AM
mH3nG
post Oct 19 2009, 11:44 PM

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QUOTE(mynewuser @ Oct 19 2009, 10:48 PM)
But now my FRE see blood. Buy 2.1.
*
I think this explains why it tanked.

KBW says Fannie, Freddie common shares worthless


mH3nG
post Oct 19 2009, 11:55 PM

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QUOTE(zamans98 @ Oct 19 2009, 11:47 PM)
hehe, time to BUY at 0.10-20. Good bet actually, better than KLSE penny shares. Then can speculate until reach 1.00 back  icon_idea.gif
*
Heh, it was at 35cents at one point and it hit 2 a month ago. Now that's how you goreng a stock. brows.gif

p.s. Almost forgot about SIRI. wink.gif

This post has been edited by mH3nG: Oct 19 2009, 11:57 PM

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