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  1. mervyn

    Boston University researchers claim to have developed new, more lethal COVID strain in lab

    I am not a scientist but if you can research on how to make it less deadly, then you can research on how to make it more deadly. Play with fire.
  2. mervyn

    ES Journal - 2021/2022

    JP said at least 125bps to go by the year end.
  3. mervyn

    ES Journal - 2021/2022

    Don't get ahead of yourself on day trading. Maintain 1 or multiple ES exposure is a fine strategy.
  4. mervyn

    ES Journal - 2021/2022

    me think this is a repeat of last week, shall see.
  5. mervyn

    China semiconductor industry decapitated

    I do have problem with this order. You know this only apply to "the Chinese" right? Like the Chinese Exclusion Act of 1882, obviously later follow by the encampment of the Japanese in WW2. AMD and Nvidia CEOs are all Chinese-Americans. While I don't want to guess what these two's political...
  6. mervyn

    China semiconductor industry decapitated

    No, someone will bring up that he is the 10% guy.
  7. mervyn

    What are the taxes consequences for profit/loss in trading futures?

    The commission are netted in P&L, other data fees, wire fees are not deductible but I guess you can subtract it under your schedule c, if any. Technically yes for trading under retirement accounts, but it depends on your broker. Futures drawdown is significant, the broker may feel it is too...
  8. mervyn

    China semiconductor industry decapitated

    https://www.thestandard.com.hk/section-news/section/2/232676/Tracker-Fund-shows-US-investors-the-door https://www.reuters.com/business/state-streets-ssga-set-lose-14-bln-hong-kong-etf-mandate-sources-2022-03-21/ 2800 and 2833 ETF are not available for US person, per my Morgan Stanley HK...
  9. mervyn

    China semiconductor industry decapitated

    You are so bullshit. At that time SEC compliance wasn't even involved in the argument, it was outright ban of SMIC under Trump. Google the news kid.
  10. mervyn

    China semiconductor industry decapitated

    You are just bullshit. I bought 2500 shares of 981.HK on 7/12/20 at average price 43.25 HKD. After Trump’s ban, Interactive Brokers put a restriction (not more open positions, sell only). I sold on 4/21/21 at 25.70, lost of 43k HKD, about $5540. That was the second largest loss in my book that...
  11. mervyn

    China semiconductor industry decapitated

    That is incorrect. I posted on other forums because I travel to SEA very often. In 2017 trip, I stayed in JW Marriott for a week meeting few bankers. In the conference room, an Australian guy was running democracy promotion type of event, and how to organize. I sensed that it is some sort of...
  12. mervyn

    China semiconductor industry decapitated

    I shorted TSM and ASML, and heavily long NVDA and AMD but don’t touch Intel. As a US person, I can’t trade SMIC in Hong Kong, which I sold at a loss two years ago. SMIC did a good job on ADR market for years and I tripled my returns in 2 years. But after Trump ban and SMIC delisted from ADR...
  13. mervyn

    What are the taxes consequences for profit/loss in trading futures?

    Carry to next year as usual. The point of MTM is that one may have to pay phantom tax.
  14. mervyn

    What are the taxes consequences for profit/loss in trading futures?

    One more thing to add, if you carry positions from Dec 31 to Jan 1, you will be taxed on unrealized gains, or offset unrealized losses.
  15. mervyn

    ES Journal - 2021/2022

    Yellen might but not Powell.
  16. mervyn

    CS

    https://www.reuters.com/markets/europe/credit-suisse-prepares-swiss-business-sales-raise-capital-ft-2022-10-15/ brethren to the rescue, about half of the shortfall.
  17. mervyn

    China semiconductor industry decapitated

    I take the official data with a grain of salt. Taiwan businesses in China like Foxconn exports to other countries count as China export, particularly in semiconductor and shipping.
  18. mervyn

    China semiconductor industry decapitated

    ‘Taiwan is f*ked regardless of the chips. Its export to China is over 60%, only surplus is the trades with China. Chips are nothing until recent decades. China is always wanting it back, is its Crimea.
  19. mervyn

    China semiconductor industry decapitated

    Here is what I think will happen, the Chinese will totally disregard any US IPs or licensing agreements they signed up for, white label everything without paying loyalties, and keep the production going. White guys and gals will come home, ethnic Chinese may decide to stay. It will be chaotic...
  20. mervyn

    ES Journal - 2021/2022

    Didn't get the assignment. Closed at 17.57, after hours at 17.43. Never understood the settlement mechanics.
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