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With the help of a member on the ThaiVisa forum I found out how to chart an HKE-traded stock on Yahoo. I have to enter the stock symbol, followed by ".HK", for example 1688.HK for alibaba.com If I don't know a stock's symbol, I can look it up by typing the company name in the field and then select not just the stock but also the market from a drop-down list. Neat!
A call from my Swiss broker solved the problem of placing online orders on UBS.Outside market hours, their system does not accept orders valid for the day only. Therefore, yesterday I would have had to make the order valid from 06.11.2007 until 07.11.2007. Then, watching the price at the open I could have decided whether or not to place an new order at a higher limit and cancel the old order. It's too late for alibaba.com now.Just the same, once I figure out how to buy HKE stocks through E*Trade I shall use E*Trade, because of the lower commissions.
My limit buy order for alibaba.com (1688) at HKE did not go through. It looks like trading opened at HKD 30.00, or perhaps at HKD 32.00, with a low of HKD 28.00 so far and a high of HKD 36.00I shall have to find a way to open an account with a broker in Hong Kong so as not to miss future opportunities on the Hong Kong Exchange.
I place a limit buy order for alibaba.com at HKD 16.90 at the Hong Kong Exchange (HKE). Because I have no broker in Hong Kong I place my order with the Swiss bank UBS and as it does not accept market orders I have to make it a limit order. The stock's symbol at HKE is 1688.
The IPO for alibaba.com closed on 25 October, issue price HKD 13.50, and the trading of the stock will start at HKE on 6 November. One of the many news articles on the subject is on Bloomberg.com
I expect the price to go up after the open on this first trading day, but because I cannot give an order to buy at market I cannot be sure if my order will be executed. Unlike for shares at other markets, I cannot give orders for KHE stock online; I have to call UBS or send on online message. With the 7-hour time difference between Hong Kong and Switzerland, it will be 03:00 hours in Switzerland when the market opens in Hong Kong at 10:00 hours, and my broker won't be at his desk before 08:00 hours Swiss time.
With the help of a member on the ThaiVisa forum I found out how to chart an HKE-traded stock on Yahoo. I have to enter the stock symbol, followed by ".HK", for example 1688.HK for alibaba.com If I don't know a stock's symbol, I can look it up by typing the company name in the field and then select not just the stock but also the market from a drop-down list. Neat!
