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Investing in US stocks, Does anyone know how?
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epalbee3
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 Sep 16 2009, 09:47 PM
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QUOTE(motolola @ Sep 16 2009, 09:41 PM) C is starting to get better at walking by itself, that's why the gov is starting to let off its hands, it'll be running next year i hope! danmooncake, what's with the sin stocks? any good news for lvs and mgm? I plan to buy 100 C this Friday. Anyway, any evidence that C is better now, since they are still losing money? 
Added on September 16, 2009, 9:49 pmQUOTE(mouming88 @ Sep 15 2009, 10:32 PM) Don't sweat too much... its temporary drop is because US government is selling back the share they bought as part of the stimulus... It means to US gov, Citigroup's capital is healthy enough for them to withdraw some of its holdings. Its a good thing as it also means C is on its way out of the bailout program... However not sure how much it'll continue to drop as its currently trading at a premium over Treasury's conversion price of 3.25. If you have bullet I'd suggest get ready to load more of Citigroup's share... You mean we can buy at a premium? How to buy with 3.25? This post has been edited by epalbee3: Sep 16 2009, 09:49 PM |
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redken
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Sep 16 2009, 09:56 PM
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From the looks of this thread, its likely that C will breach USD4. I have my guns loaded how about u? Only a crazy optimist will wait for USD2  As for LVS, we will just have to sit and wait for the pullback. Hopefully much earlier than the completion of Singapore Sands Casino in early 2010. |
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epalbee3
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Sep 16 2009, 09:58 PM
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QUOTE(redken @ Sep 16 2009, 09:56 PM) From the looks of this thread, its likely that C will breach USD4. I have my guns loaded how about u? Only a crazy optimist will wait for USD2 As for LVS, we will just have to sit and wait for the pullback. Hopefully much earlier than the completion of Singapore Sands Casino in early 2010. C is already now at $4.25, you mean it will go back to 4? |
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zamans98
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Sep 16 2009, 10:04 PM
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QUOTE(epalbee3 @ Sep 16 2009, 09:58 PM) C is already now at $4.25, you mean it will go back to 4? depends, for me, any price is a good price, coz I'm buying in batches, not intra-day trade or short day trade. It meant for long-term. So, slowly accumulate it. Next week planning to get more C if it breach 4.00 |
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redken
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Sep 16 2009, 10:05 PM
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QUOTE(epalbee3 @ Sep 16 2009, 09:58 PM) C is already now at $4.25, you mean it will go back to 4? Yea. Most of us here i asking for a drop in C although we are holding onto some already. Weird eh. If the Fed withdraw, the US gov is gonna make a handsome profit. Citi's price will drop creating another opening for us bargain hunters. It's win-win. |
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motolola
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Sep 16 2009, 10:10 PM
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Getting Started
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i'm also one of the weirdos then  looking forward to <USD4 in these two weeks curiously citigroup's executives want the government out of the company and they're not extending the credit line further than october. i know some senior executives working at the local citibank and they're some of the most capable and intelligent financial types i know, i guess that's why i'm bullish on C. i'm going long on C, just put it aside and don't care about it, come back and check in couple of years lol |
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epalbee3
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Sep 16 2009, 10:26 PM
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QUOTE(motolola @ Sep 16 2009, 10:10 PM) i'm also one of the weirdos then looking forward to <USD4 in these two weeks curiously citigroup's executives want the government out of the company and they're not extending the credit line further than october. i know some senior executives working at the local citibank and they're some of the most capable and intelligent financial types i know, i guess that's why i'm bullish on C. i'm going long on C, just put it aside and don't care about it, come back and check in couple of years lol $3.60 should be the price in October.
Added on September 16, 2009, 10:32 pmQUOTE(epalbee3 @ Sep 16 2009, 10:26 PM) $3.60 should be the price in October. But 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. This post has been edited by epalbee3: Sep 16 2009, 10:32 PM |
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debbieyss
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Sep 16 2009, 10:41 PM
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QUOTE(zamans98 @ Sep 16 2009, 10:04 PM) depends, for me, any price is a good price, coz I'm buying in batches, not intra-day trade or short day trade. It meant for long-term. So, slowly accumulate it. Next week planning to get more C if it breach 4.00 i know why there're forumers went to http://www.mbtrading.com/ and informed that they have to mailed the original hardcopy to MB Trading. They chose Foreign Classification account type. Which account type you choose, zaman? This post has been edited by debbieyss: Sep 16 2009, 10:58 PM |
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zamans98
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Sep 16 2009, 11:16 PM
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QUOTE(zamans98 @ Sep 14 2009, 10:58 PM)
Added on September 14, 2009, 11:02 pmbought UYG 100 @ 557 for long term. SOLD 100 @ 5.99, gained $42 less charges $10 = $32. My 1st trade   |
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debbieyss
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Sep 16 2009, 11:19 PM
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QUOTE(zamans98 @ Sep 16 2009, 11:16 PM) SOLD 100 @ 5.99, gained $42 less charges $10 = $32. My 1st trade congrats! i stuck in opening an account  |
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zamans98
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Sep 16 2009, 11:28 PM
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QUOTE(debbieyss @ Sep 16 2009, 10:41 PM) i know why there're forumers went to http://www.mbtrading.com/ and informed that they have to mailed the original hardcopy to MB Trading. They chose Foreign Classification account type. Which account type you choose, zaman? Its : Foreign Individual Account, complete the supporting documents, and W8  |
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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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debbieyss
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Sep 16 2009, 11:38 PM
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QUOTE(zamans98 @ Sep 16 2009, 11:28 PM) Its : Foreign Individual Account, complete the supporting documents, and W8 thanks zaman. I'm now at this step. can you tell me which should i choose? Attached thumbnail(s)
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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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zamans98
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Sep 17 2009, 12:12 AM
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UYG flying, coz underlying STOCKS all flying high.
Well, sold 6, now 612. Anyway, not regretting it. Not much, just 100 shares.
Market looking very very bullish. FAZ/FAS is very very interesting. for Brave Soul only
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danmooncake
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Sep 17 2009, 12:27 AM
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QUOTE(zamans98 @ Sep 17 2009, 12:12 AM) UYG flying, coz underlying STOCKS all flying high. Well, sold 6, now 612. Anyway, not regretting it. Not much, just 100 shares. Market looking very very bullish. FAZ/FAS is very very interesting. for Brave Soul only My dip buy of 200 FAS @ 78 yesterday is kicking ass today!! I'm pulling the stop sell trigger if it drops below $85 to protect profits otherwise I'll let this crazy market ride and see where it can take it.  |
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zamans98
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Sep 17 2009, 09:16 AM
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QUOTE(danmooncake @ Sep 17 2009, 12:27 AM) My dip buy of 200 FAS @ 78 yesterday is kicking ass today!! I'm pulling the stop sell trigger if it drops below $85 to protect profits otherwise I'll let this crazy market ride and see where it can take it. 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. This post has been edited by zamans98: Sep 17 2009, 11:39 AM |
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dannyooi_84
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Sep 17 2009, 10:00 AM
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QUOTE(danmooncake @ Sep 17 2009, 12:27 AM) My dip buy of 200 FAS @ 78 yesterday is kicking ass today!! I'm pulling the stop sell trigger if it drops below $85 to protect profits otherwise I'll let this crazy market ride and see where it can take it. 200 shares of FAS @ 78.00 ??? that would be like 40-50k already. Woo. Big shark  |
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mynewuser
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Sep 17 2009, 07:36 PM
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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.
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danmooncake
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Sep 17 2009, 09:41 PM
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QUOTE(danmooncake @ Sep 17 2009, 12:27 AM) My dip buy of 200 FAS @ 78 yesterday is kicking ass today!! I'm pulling the stop sell trigger if it drops below $85 to protect profits otherwise I'll let this crazy market ride and see where it can take it. Sold FAS 88.30. Market looks like pausing and wants to turn. Will wait to see which direction it wants to take. Back to watching these ERX/ERY, DRN/DRV , TNA/TZA This post has been edited by danmooncake: Sep 17 2009, 09:44 PM |
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