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Comments:
<0> in a cash acct
<1> i wouldn't mind buying some european stocks though
<0> well... the thing is, with IB, the forex transaction and the stock transaction
<0> are two discrete events
<0> so you can either buy a ****load of euros and then invest them
<2> sushi (tm)
<0> or you can short euros, invest, and then cover that short later on...
<2> sushi (tm)
<0> but if you buy euros up-front, you might have excess euros
<2> [16:54] <0> SUKI (tm) RELIGION
<0> which won't be earning you any interest
<1> i would like to buy euros or gbp and buy the stock shares outright
<1> no shorting
<1> a couple extra euros is no big deal
<1> always have to have some wiggle room
<0> yeah i guess, i dont like having foreign currencies sitting my acct
<0> earning no interest
<0> so i buy, and then cover the short immediately thereafter
<1> honestly i'm not going to buy $500 in euros if the transaction is going to be $50
<0> with a precise amount of currency
<3> .n gwgo.ob
<4> GWGO.OB NEWS: Great West Gold, Inc. - Update on Filing and Investor Relations URL: http://tinyurl.com/jotxs
<0> but yeah
<0> margin can **** ya up
<1> if you choose to buy a stock in euros, for example, and you have no euros in your account, how does it work?
<0> if you dont use it properly
<0> well in a cash account, the trade is rejected
<0> in a margin account, the trade is accepted, and euros are short-sold
<0> you then do a forex transaction to cover that short
<0> if you don't want to be short euros
<0> or physically deposit/wire euros into the acct if you have euros kickin around
<1> too complicated
<0> nah
<1> i'll just stick to the USA for now
<0> it sounds complicated, but in reality, once you start doing it
<0> its dead easy
<1> all i see are lots of commissions
<1> buy this sell that
<0> well, you buy a euro stock, $2 commission
<0> you buy euros = $2.50 commission
<0> total = $4.50. that still beats anything else
<1> yeah
<0> plus the spreads (embedded commissions) are extremely minimal
<1> ahh
<0> on forex
<0> or you can just not do any forex at all, and leave the short position open
<0> and pay interest
<0> hopefully you'll make money when you sell the stock, and you'll have a positive balance in euros
<1> there will be no shorting
<0> jcv, do you own a credit card?
<1> yes
<0> every time you use that credit card
<0> you are shorting.
<1> explain that logic
<0> shorting is just borrowing. when i say, "shorting euros", i really mean "borrowing euros"
<5> !return 7320 8637
<6> The Return rate for 7320 -> 8637 is: 17.9918032787%
<0> and since money loses its value over time
<0> shorting money isn't that bad of an idea
<5> holy frigging TSX mayhem
<5> pitz
<5> what's going on
<0> yeah Avis , good day
<2> anyone want Sushi?
<5> mmm sushi
<1> http://www.worksafevideos.com/photos/insurance/cargo_ship_fire.htm
<7> Tiny URL: http://tinyurl.com/nlqom (URL by jcv)
<2> Sushi (tm) the religion
<1> look at that url
<5> can the TSX handle these levels?
<1> now
<1> it's nuts
<0> Avis dude its been 6 years since they've been at these levels
<2> pitz_ do you want to join Sushi (tm) the religion
<2> just came out
<0> based on the ascent of Nortel.. Nortel is small potatoes compared to the oilpatch
<5> yeah
<5> kick***
<2> pitz_??? sushi or suki!
<2> pick one!
<5> k, dinner time.. later
<2> or ill pick for u
<5> !q sgr.v
<8> SGR.V (SAN GOLD RESOURCE) - 3:49pm: .86 Change(+0.03 +3.61%) / Opened(0.86) Lastclose(0.83) / Range: Daily(0.84 - 0.89) Yearly(0.34 - 0.87) / Volume(487188)
<5> sgr.v is going to make me a lot of money
<2> pitz_ i have sushi (tm) the relogion
<2> i heard suki is for gay people
<2> is that right?
<0> well i hope my SC calls pay off
<2> so pitz_
<2> let me ask u
<1> !q su
<8> SU (SUNCOR ENERGY INC) - 4:01pm: .93 Change(+1.48 +1.96%) / Opened(75.35) Lastclose(75.45) / Range: Daily(75.15 - 77.38) Yearly(35.38 - 82.15) / Volume(1764200)
<2> are you seriosu about this religion?
<0> !q SC.TO
<2> like in all honesty
<8> SC.TO (SHOPPERS DRUG MAR) - 4:47pm: .64 Change(+0.37 +0.84%) / Opened(44.55) Lastclose(44.27) / Range: Daily(44.30 - 45.14) Yearly(38.51 - 46.12) / Volume(436862)
<2> without jokes
<0> yeah port, been a member since 1989.
<2> whats the religion supposed to be about?
<2> and why is it trademarked?
<2> lol
<0> to avoid copycats?
<0> hehe jcv, are you much of a computer guy?
<0> IB's interface allows for real-time quote importation into Excel
<2> pitz_ what do you do as part of this religion?!!!?!?!
<2> <0> im a fag 'q and i like 'c in my 'a
<2> lol
<0> not true.
<2> PITZ
<0> stop making stuff up.
<2> IM GOING TO KILL U
<2> http://www.urbandictionary.com/define.php?term=The+New+World+Religion+(tm)
<7> Tiny URL: http://tinyurl.com/7saj3 (URL by port)
<9> new auto KB
<9> on religion
<9> and on (tm)
<1> jew
<1> :)
<2> hehe
<1> my favorite word
<1> lol
<1> .p2
<7> Portfolio:
<7> PPA 100.00 (17.2800) 1728.00 +8.34%
<7> TRRDX 175.03 (17.5000) 3063.01 +2.10%
<7> Total portfolio value for jcv is 1.0075 +4.27% ($196.01) gain
<0> lol Avis , Bombardier actually made money
<0> that must be a first...in the history of that company
<1> pitz_: i'm a nerd, yes, i'm on irc am i not?
<0> what next, NT reporting a profitable quarter without restatements? such blasphemy
<2> !q wag
<8> WAG (WALGREEN CO) - 4:02pm: .00 Change(+0.05 +0.11%) / Opened(44.10) Lastclose(43.95) / Range: Daily(43.93 - 44.34) Yearly(40.98 - 49.01) / Volume(3052700)
<0> drugstores are under-appreciated
<0> my family owns one
<1> !q cvs
<8> CVS (CVS CP) - 4:01pm: .06 Change(+0.38 +1.28%) / Opened(29.85) Lastclose(29.68) / Range: Daily(29.66 - 30.22) Yearly(23.89 - 31.60) / Volume(3205600)
<0> they completely do not suffer during recessions at all
<10> that's right. folks still Need to buy their smokes and booze
<1> drugs are made at the drug company and packaged into bottles of various amounts. The drugs are bought by the distributors who then repackage them again and sell them to the pharmacies which in turn repackage them and sell them to the consumer. we need to eliminate that from the system here in the usa
<0> lol
<0> its weird, in Costa Rica i can buy potent painkillers like valium without a prescription, and sleeping pills
<0> but i can't even get a frickin bottle of antibiotics
<1> lol
<1> that's odd
<0> yeah
<0> next time i go, im bringin my prescription pad
<0> just in case
<1> you can no longer buy anything that contains pseudoephedrine hcl without showing identification here in the usa
<1> due to the meth problem
<0> yeah well blame methheads for that
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