I'm using Etrade now, com is 12.99 per trade. If you have more than 50k, goes down to 9.99. Wire back fee is 25.

I'm using Etrade right now. Customer service good.

Can't really say much about the opening part, as my company's stock plan opened it for me.

Trade is 12.99

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.

Market down today.

Might pick up ETFC for 1.60 if it reaches that level.

C almost crossing 5 dollars, don't you think a little late to get on the wagon?

Keeping my fingers crossed, i bought mine at 4.63, have to use it to offset loses at ETFC (bought at 1.72)

Bought GE @ 16.79. Hope for good results this friday.

For some reason even though GE beat estimates, the stock super tanked. Now i'm not sure if to take the lost or continue holding for long.
Bought at 16.79

CIT shot up almost 0.23

Co confirms that it has expanded its current $3 bln senior secured credit facility by an additional $4.5 bln. The new $4.5 bln tranche, which is being provided by a diverse group of lenders, including many of its bondholders, will be secured by substantially the same assets as the existing $3 bln tranche and any additional collateral that becomes available as a result of its refinancing of certain existing secured credit facilities. The new $4.5 bln tranche matures in January 2012, and includes an option for co to extend all or a portion of the new tranche for an additional year. It is expected to close today and will be used to refinance a portion of the existing secured indebtedness, which may come due as a result of the restructuring, and for general corporate purposes... Co also addressed a commitment letter received yesterday from Carl Icahn to provide CIT a new $4.5 bln term loan. Although Icahn and his advisors had been in discussions with the co for several days and were fully aware of CIT's deadline, they provided less than one hour to review and accept his commitment letter. Additionally, despite several requests from the co for information and multiple deadline extensions, co has yet to receive a signed credit agreement and evidence of Icahn's ability to fund the commitment. As a result of the lack of evidence that Icahn has arranged sufficient funding at this time, CIT's Board of Directors determined that the best interests would be served by proceeding with the credit facility provided by a diverse group of lenders. Through the substantial deleveraging featured in CIT's restructuring plan, whether completed in or out of court, co is confident that CIT will emerge as a strong bank holding company with improved capital, liquidity and earnings potential. CIT remains fully committed to serving its small business and middle market customers, as it has for more than 100 years.

i was just about to post regarding the CIT news. Very interesting to see if US gov will step in. Lots of people to lose money in this.

Time to short?

Can anyone help explain what's happening to CIT? Filed for brankruptcy, share price tanked to 0.32 but now seems to be recovering till 0.42. Any idea what the buyers are hoping for?

WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless insurance fell more than expected last week to a 10-month low, government data showed on Thursday, pointing to a gradual improvement in the labour market.

Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 512,000 in the week ended October 31, the lowest since early January, the Labour Department said. New jobless claims had bounced around the 520,000-532,000 range over the previous four weeks.

GE got upgraded to Overweight.

Here's my contribution to the group. Citi's research.

key notes: MGM

Sell/Speculative 3S
Price (05 Nov 09) US$9.74
Target price US$7.85


Attached File(s)
 USA_Investment_Daily_061109_citi.pdf ( 280.28k ) Number of downloads: 4

I guess no one really cares about Citi these days.

MGM surged more than 5%.

Stocks on steroids. Tech sector gaining more than 5% as compared to financials only gaining around 1.5%.

U-turn started on some stocks... looks like another bumpy ride

Guys, in the process of upgrading my account (Etrade) to have margin facility (to be able to short shares). Minimum requirement for initial margin is $2000. Is the current equities held in my account (my cash holdings is only around $500) counted in this case or must I add more cash for me start shorting shares?

just sent them a message, will update here once i get their reply.