Forum Archive Index - February 2004

["Woody" <solarmax@optusnet.com.au>]

John well now is the time to open an account in US Dollars. Low US Dollar
equals less Aus and NZ dollars to open the account.
With NZ Dollar @  67.45 and the AUS Dollar 76.10 I would be sending my money
over now. Not a good time to bring it back, but the US Doll will rise again
later in the year.
Trading with out/Country accounts just means you watch the currencies, Gold
and Silver. and withdraw funds from your account accordingly.
I have accounts with
2 Us  online Brokers  One for USStock Options, the other for Commodity
Options Both in US Dollars
2 European Brokers One in Euro's the Other in Swiss Franks
2 Aussie Brokers in Aussie Dollars
1 in the Bahamas in Euro's
I withdraw funds only when currency swaps are cash positive from my deposit.

Woody


----- Original Message -----
From: <John.Loveridge@nz.logicalcsi.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, February 03, 2004 1:14 PM
Subject: Re: [sharechat] Stock Lending Enquiry Reply


> nice woody,
>
> I was involved in a Post Event Risk Arbitrage desk in london for a few
> years, and not that there is much M & A action on the NZSE,the ASX could
be
> fun for a cheeky arb here and there. I may well look at what you prescribe
> later in the year when the NZD/USD has 'settled'??
>
> Would it be correct to say the ability to 'borrow' stock is not available
> as it is not demanded??
>
>
>
>                       "Woody"
>                       <solarmax@optusnet.c        To:
<sharechat@sharechat.co.nz>
>                       om.au>                      cc:
>                       Sent by:                    Subject:  Re:
[sharechat] Stock Lending Enquiry Reply
>                       sharechat-owner@shar
>                       echat.co.nz
>
>
>                       03/02/2004 15:56
>                       Please respond to
>                       sharechat
>
>
>
>
>
>
> John
> It is easy to open an account with a US Broker and trade US Stocks. You
can
> Short them, But options on them and Buy and Sell the Stock. For my money I
> see nothing better.
> I recently bought Microsoft Shares, Hedged them with a 36 Month Leap (
long
> term option ) Made an excellent return on its last rally now I am
> positioned
> to cash in on the decline. Did the same with Cisco and Amazon .com..
>
> Woody
> ----- Original Message -----
> From: <John.Loveridge@nz.logicalcsi.com>
> To: <sharechat@sharechat.co.nz>
> Sent: Tuesday, February 03, 2004 11:22 AM
> Subject: [sharechat] Stock Lending Enquiry
>
>
> > Does anyone out there know of a broker(s) that allows the shorting of
> > equities, I am sure collateral will be needed at 105% approx , or even
be
> > able to use my shareholdings as collateral for others and gain OCR as
> fee.
> > This type of trading happens in most western indicies but not little ol'
> NZ
> > as far as I can tell.
> >
> > TIA
> >
> > jrbl
> >
> >
> > Software Developer
> > Logical Csi Ltd
> > Level 4
> > 195 Hereford St
> > Christchurch
> > ph (03) 3644 371
> > mobile 027 221 9730
> >
> >
> >
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