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And in an unrelated note, its utterly hilarious what is going on in the Chinese stock market. first the halts, now the quasi ban on short selling, ala 2008 in the US

Now that I think about it, this short GREK trade might be a decent one. If there is a bailout, its likely to squeeze something 10-20%, maybe more? But if Greece gets out of the EUR, its likely to tank 50-60% (in line with the study mentioned earlier). Potentially more as people create a selling...

It really feels like the Greek banks will only re-open when they get a new currency. I mean, its possible that they extend the bailout but I believe that would be a mistake. Any person with money in these banks must have gotten scared shitless and faced all the problems of no access to cash. If...

If you move to Panama, how could your tax rate not go down? I know, you talked to some ahole from KPMG who said this and that, but I'm pretty sure I can just as easily get a local laywer who will say you won't pay the tax

Remember all the stuff the countries agreed about polution and global warming, the Kyoto protocols of the world? Its one thing for them to agree on something in a meeting in some cool city. Its another to actually implement things that will hurt their employment. But even if they did, there are...

Also, with regards to these OECD stuff. A LOT of what has been 'agreed' by countries is unconstitutional/illegal in the countries that have agreed to it. So, it pretty much is not likely to happen unless their congress vote to increase their unemployment/decrease GDP, which is not easy to do

Well, make sure these KPMG folks know what they are doing, preferably that they actually reside in the country. That enables them to know the local laywers and find out the tricks of the trade. Not be guided by some limiting belief that it can't be done

NO. This was the changes PROPOSED by MP 627, which were REJECTED by CONGRESS. how many times will I have to tell you that? MP stands by 'provisional measure', is the same as a bill being proposed by Obama just to get it changed or shutdown by Boener. The final LAW had nothing at the level of...

" Among the changes Normand studied were the end of fixed or managed exchange rates following balances of payments crises in Mexico in 1994, Thailand and Indonesia in 1997, Russia in 1998 and Brazil in 1999. He also threw in Argentina’s 2002 removal of its currency board. On average, crisis...

@Daal : No one needs a degree (hopefully) to understand that if a company is managed and controlled from Brazil then it's a Brazil resident company therefore liable to taxes in Brazil. However why don't you just link those laws that states what you said? :confused: I linked the article that...

So the tax lawyers with 5 year degrees are wrong, but you with a 1 hour wikipedia research on a country you never been to, is correct?

Also, I'm fairly certain you are wrong about Panama cap gains tax rules being the same as HK. There is no differentiation of short-term and long-term capital gains there

This "rule" is not on the books of brazil. Whats in the tax books is the cashflow regime that I mentioned earlier http://www.sperotto.com.br/?pag=noticia&idpost=359 this article is in portuguese, it talks about how the government was going to shutdown that loophope. Well, congress didnt allow...

No, you are wrong because I have consulted with tax attorneys of that country. They call it the cash flow regime, you only pay taxes from the cash flow that comes from offshore company. That is, unless the owner of the company is a brazilian company. In the case there is a profit repatriation...

No one mentioned but Brazil is a tax haven for traders of sorts. If you have an offshore company you only pay tax on the amounts that were distributed from the company to you (No CFC crap, top rate is 27.5%). The gains can compound tax free. Dilma tried to close that loophope 2 years ago but...

I shorted JIDG the last 3 overnight sessions except for today's. got unlucky, SEC halted it today. its going to open down 70% in 2 weeks.

JIDG as well. $10B market cap no earnings, its a replay of CYNK. pure short squeeze. I got a borrow from IB with a long in another broker so I'm hedged but I can be bought in at any time. Not sure I will be lucky enough to still have the borrow when this peaks out

MNKD but there are no borrows. you can short synthetically with options but the spreads are significant, not sure if its worth the trouble. Reg Sho stock so it can be VERY dangerous to short and ride it up. I would only day trade this for now

Cant you tether the 3G internet from your phone? This usually works for me even though the cable internet is down

However, sometimes, it might not be. In choppy violent stocks (usually thin low float stocks that are priced more than $5 per share), taking liquidity can be quite expensive. In that case you might have to go ahead and use passive limit orders. In those stocks, I'd probably go ahead and make the...