It took me 2 days to finish this 931 posts.

DJIA currently still floating in consolidation with gap-up at opens. IMHO, DJIA and S&P reached middle of this cycle, so small winnie the pooh should come for a visit next week.

I'm holding mid-term, looking for good fundamental counters only. But maybe one can put his/her eyes on AIB or IRE. It up too fast already, NAMA's plan can't "sustain" current price if DJIA, S&P, as well as Nasdaq meteors come -- SHORT it! haha..

that's why one can short it as any bad news related come.

agreed .IMHO, one cannot just simply shorts when it is overvalued, not everyone want it down. Moreover, GE is considered as Economic Moat + got paying out divy (yesterday). So, I don't think the price will be lower in short period (if down also not much). I don't simply believe in analysts' view, cause they are human, as they would predict wrongly too.

back to "overvalued" term, GOOGLE is overvalued all the time, who want to short it? for me, acts like this can metaphor as finding path-of-death only.

for me, I define "overvalued" as Total Equity < Market Capital, even the company is making profit. I'm rather investing (for mid-term) than trading in US stock market, aiming for both capital gain and dividend. I'm not prepared for trading yet. Must learn from sifus here.

FNM/FRE are both zombies, got NEGATIVE in total equity in previous quarters report. It worth nothing.

This post has been edited by 瘟神: Sep 19 2009, 11:13 AM

Rate for OSK:

25USD (min) or 0.3% + 40MYR (min) or 0.6% per trade (US)

quite expensive, but with larger capital and with investing-minded should be ok if invest in high undervalued company.

Yes, I'm using OSK for buying stocks in US. But need to tell remisier to allocate the fund for foreign trading first before buying stocks, cause usually they allocate $$ deposited for trading in local market only. I'm not sure about HLB's rate..

I agree with you that commission is high for certain brokers. IMO, opportunity to profit is everywhere, for both local and foreign markets, problem is that, whether one can spot the opportunity or not. SamGoss got part of the idea.

Some companies are very reputable in US and Europe (ADR companies) with strong fundamentals, just we don't know them.

Please refer to picture below:



Attached thumbnail(s)

yes, pay both sides. I'm not trading for foreign stocks, so not over concern on this (but I did feel "pain" ). Maybe will open an US trading account in future, such as sogotrade, firsttrade, or etrade, etc.

Citi Pre-market: 4.23 -0.03 (-0.70%)

place your SHORT position already?

oic.. FAS tp $80?

I mean target profit for your FAS.

Because you have already hedge it, as your capital is in USD, which is converted earlier.

High volatility affects only the rate of price change. For those who with capital less than usd 25k, please never think of trading in US markets, unless you are already an expert. If not, chance for you to lose $$ is very high. For investors, please look for undervalued companies, do some "homework" on their financial statements and figure out their management. Companies with good fundamentals will reward you nice dividend and good capital gain in the future. It just a matter of time. If you are knowledgeable in trading, that's another story.

Happy investing and trading.

sorry for the incomplete info, i should write it as "adviced". 25k is for pattern daytrading PDT accounts, such as in mbtrading, specially for day-traders. IMO, 3k is enough as capital to trade, only with LOW commission, such as US brokers mentioned in previous posts. with larger capital, traders could split their trades into few counters/ industry or different ETF (diversify risk), and as "extra bullet" when want to averaging down certain positions.

p/s: zaman98 is an expert in trading. should learn from him.

No, I'm with OSK.

Btw, if I'm not mistaken, buying foreign shares through OSK (and some other local brokers) are considered under custodian (or called nominee?) account, and for local shares it is under CDS (normal) account. Please correct me if I'm wrong.