Important Updates for Investors
Carla Pasternak's Premiere Issue of High-Yield International Just
Released
Income expert Carla Pasternak's debut issue of High-Yield
International covers a Taiwanese manufacturer yielding 9.5%... a
rare Mexican monopoly yielding 13.4%... and other top-performing
investments yielding up to 19.0%.
Government's Biofuel Timetable Could Spell +15,900% Growth
+15,900% growth might seem far-fetched... but it's not. In fact, it
is mandated by law. And I've identified the ONLY stock positioned to
capture this growth.
The
Silver Lining to a Falling Dollar
Despite the U.S. national debt, there is a silver lining for income
investors. This massive spending, combined with movement out of U.S.
Treasuries, is going to take its toll on the dollar, and
international income investors could reap the rewards in the form of
higher dividends. |
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What It Is:
The AMEX is a stock and options exchange in New York. The AMEX was called the New York Curb Market until 1953 because it started on the street near the New York Stock Exchange. It was originally established to trade stocks that did not meet the NYSE's stringent listing requirements. In 1998, the National Association of Securities Dealers purchased the AMEX and operates it separately from the NASDAQ exchange.
How It Works/Example:
Though not as large as the New York Stock Exchange (NYSE), the AMEX is a large exchange that serves as a market for equities, a variety of options and other derivatives, American Depository Receipts (ADRs), exchange-traded funds (ETFs), and other financial instruments. The first ETFs traded on the AMEX in 1993.
Trading on the AMEX
When an investor wishes to buy or sell a security listed on the AMEX, he or she "places a trade" or an "order" by calling her broker or going to her online trading account -- the same as trading on the NYSE or Nasdaq. The order goes to a broker, who can get the order to the exchange several ways--through a regional exchange, electronic communications network, or directly to the AMEX. Either way, the order eventually reaches the floor of the AMEX where floor brokers and specialists handle transactions.
Floor Brokers
Floor brokers execute buy and sell orders on behalf of their clients or the firms they work for. If you wanted to sell some shares of Company XYZ, for example, you might call your broker down the street and place a sell order. Your broker might in turn route the order to one of his firm's floor brokers who are actually on the floor of the exchange. The floor broker approaches the Company XYZ specialist (see below) and executes the trade. Some floor brokers are independent, meaning that they are not employed by any brokerage firm, but provide services to brokerage firms (i.e., they work for themselves). In either case, floor brokers are the people doing most of the shouting on the trading floor.
Being a floor broker requires owning a seat on the AMEX. A seat allows a person to trade on the floor of the exchange, either as an agent for someone else or for their own personal accounts (in which case, the person is called a floor trader).
Specialists
Although most buy and sell orders are matched electronically, specialists also match up brokers' buy and sell orders, and each specialist specializes in certain listed securities.
A specialist has four roles. First, he is the principal; that is, he is the primary party to a transaction and his customers' interests come before his own. He must be willing to buy and sell out of his own inventory to steady the market if there is a buying frenzy or a huge sell-off. Second, he is an agent; that is he places orders on behalf of his clients and ensures that they get the best price as fast as possible. Third, he is a catalyst; that is, he reports the prices of his securities in a timely manner and he sets the opening bid prices of his securities every morning based on supply and demand. Fourth, the specialist is an auctioneer; that is, he must disclose what the best buying and selling prices are and ensure that orders are transacted properly.
The AMEX does not employ specialists. Rather, each specialist works for one of a handful of companies.
AMEX Regulation
The AMEX is registered as a self-regulatory organization with the Securities and Exchange Commission (SEC). Thus, the SEC and a variety of federal laws require the AMEX to have rules that prevent fraud, manipulative practices, and ensure fair trading activity. The AMEX also must enforce its rules, SEC regulations, and any other laws that affect its business or trading activity.
Why It Matters:
In general, the AMEX has a reputation for having more liberal listing requirements than the NYSE. For example, initial public offerings must have a market capitalization of at least $60 million to be considered for listing by the NYSE; the AMEX only requires $3 million to $20 million (the AMEX has four sets of listing standards). As a result, the AMEX is often home for smaller issuers and more unique securities than other exchanges.
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Who Cares What the Market is Doing When You're Pulling in $28,900 a
Year in Dividends?
With the safe, growing, high-yield picks that Editor Carla Pasternak
recommends every month you don't have to worry whether or not the
market has bottomed. You can sit back and collect annual dividend
paychecks of $16,300, $19,900 or even $28,900!
You can't go wrong looking into Carla's recommendations. A year from
now, when you've collected as much as $28,900 from dividends alone
you'll be glad you did. Take the first step and,
read this report now.
Seven "Yield Doubler" Stocks That Are Clobbering The Dow
Just 12 trading days before the market hit its 6,500-point low this
year, the "Yield Doublers" portfolio was born. That was
almost 4 months
ago. The Dow has rebounded +12% since then -- but our seven "Yield
Doublers" have clobbered that figure by a factor of up to 9-to-1...
delivering up to +144.2% gains to boot!
Go here to see why you should add these "Yield Doublers" to your
portfolio today.
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We're
Putting $50,000 on the Line in Our NEW Stock of the Month Portfolio
We're SO confident in this strategy
that we're putting our money where our mouth is... $50,000 worth of it
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Calistri just made her first purchase, and it's not too late for you to
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Two
Infrastructure Stocks That Are Profiting From Massive Government
Spending
Since the stimulus package was signed into law on
February 17th, these two infrastructure picks have moved up quickly.
One's a worldwide construction company that's already gained +32% to
date. The other makes critical copper, aluminum and fiber optic
cables... and shot up +41% in a matter of just weeks. Both are headed
higher. You’ll find their names in this special report. |
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6
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3
Penny Stocks Poised to Soar 300%
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you could be sitting on a fortune. Click
here to get immediate access to an exclusive Free report --
"3 Underground Penny Stocks Poised to Soar."
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Investing Doesn't Get Any Easier Than This |
Stock picker Amy
Calistri's strategy is as simple as investing gets -- just one idea
a month designed to make money in today's market. Invest this way
and you don't have to worry about oil prices, automaker bailouts, or
what the Fed is up to -- because every "bad" economic development
actually helps some investment or another.Your investing life can
get a lot simpler -- starting today.
Go here to learn about Amy's simple investing strategy.
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