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  • Legal
    11-07 02:09 PM
    1.Audit the companies that are suspected to abuse the H1B program i.e. enforce the laws that are already in existence.

    2.Impose heavy fines on these companies.

    3.Use this money to cover the costs of auditing and enforcing the laws.

    How will raising the H1B fees for everyone in a blanket fashion address the current "abuses"?





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  • chanduv23
    04-28 01:46 PM
    UN,
    Have there been any updates on this case that you are at liberty to share?

    Thanks in advance.

    Ok, lets not confuse this case with Ability to pay and get worried about that stuff. I spoke to another person who contacted me and is having the same issue. His 140 was revoked 2 years back and at that time he got a NOID and responded in a timely manner and he was fine. Now he has a denial on 485 stating that his 140 was revoked 2 years back.

    This person is neither desi nor did he worked for desi consulting company or had ability to pay issues and has applied for MTR and waiting.

    All that float on internet is "indivisdual prespectives" and "interpretations". So do not think too much about it.

    AC21 guidelines are clear - you can refer to them on DHS website, Ombudsman's page, USCIS website etc....

    From what I have been seeing and as I did a lot of research and continue to do, 140 revocation and 485 denial does have a pattern and this seems to be a procedural or a serious training issue.

    Thats why IV core suggests that we have to collectively gettogether and fix this issue and any other issue.





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  • smisachu
    07-31 05:00 PM
    smisachu,

    here is what i have figured out in last 4 year and i have been to various blogs.

    1. i have read various blogs all are saying trading options with all good stuff you can hardly make any money. Most of the term you have used i have some idea what its is , but havent studied it properly.

    There is no silver bullet that will make money all the time. If some one says so he is lying. Options can give you a chance to minimize risk but also cap profits. And you can be wiped out in options routinely. However in stocks it is a rare event when your stock goes to zero.

    2. trading is gambling- you can have some edge by stastical analysis what have performed well over a long time. so backtest u r system over 10 years.

    Trading is most certainly gambling, even fixed income. You can build a model and hedge to reduce risk and make it a calculated gamble but still a gamble..

    3. would like to know what kind returns are you targeting with options

    Most professional option traders generate income by writing options. Writing options are very risky as you have a theoretical loss probability reaching infinity. Forming synthetic positions will minimize risk but you might bleed hedging the position. A seller of option is long theta and short delta; a buyer of options is short theta and long delta. Think of theta as the time factor and delta as the hedge factor to put simply. If you sell a call option you have to hedge the option by buying delta units of the underlying stock. And when the call is at the money or near you will end up buying the stock high and selling the stock low, thus loosing money. Black and Scholes famously showed that in an option trade you can delta hedge the risk away. This is not possible and their model is flawed. But it is simple and intuitive and every one serious in trading options NEEDS to learn the model. You don�t have to know the derivation but just the model, and the partial differential equation. I can talk about the flaw and the smile and smile dynamics but many of these concepts need to be drawn out and very hard to explain with out drawing.


    4. spreads can be an way to go ..but has to be directional bet or else difficult. I have seen lot of iron condor guys breaking down in recent melt down and up.

    Any model will work only for certain duration. That is why you need to keep running it and that is why quants have jobs. In stat arb sometimes you run models 3 times or more a day. I mean complicated mathematical models getting data from a provider and running large data sets to find the mean. And then trade when the stock diverges from the mean.
    Each strategy or model has shelf life, so you need to keep researching and running new models.

    Spreads are a good way of limiting down side while also capping upside. Volatility spreads are the most profitable ones and again short straddle makes money almost 95% of times but the 5% when they loose they will loose big. You need to have a certain limiting conditions and then hedge the spread with in this range. Usually you will make a little or loose a little. Sometimes you will hit a home run. It is easy to show this on a graph


    5. so i kind of believe in hit and run and momentum play - what else can make you money where nothing is certain

    I don�t trade momentum, swing or technical indicators. But there are profitable traders who do this.


    6. buying when rsi2 is depressed and selling quickly - can be spread havent back tested it.
    i backtest using stockfetcher. but u cant backtest options, you have to manually do it. itried some using think or swim platform.

    Relative strength Index, McClellan RSI(2) and Oscillators can be an indicator of stock movement. Relating it to the option market is abstract but I think possible. But I feel the options will already be priced in for such potential movements in the underlying. A very good quant I know always says any new strategy will first manifest itself in the derivatives market before equity as the players there are much more sophisticated.

    I am not sure which retail trading platform has good back testing, try options first with scottrade. I use Bloomberg which has loads of functions like OVME-GO where you can back test , simulate and see the volatility surface.


    so i am trying to see if anybody else has any good strategy to share.

    There are many good strategies but I have no idea on sophistication of each individual. For example right now you can sell credit default swaps on Goldman sachs medium senior secured notes and hedge it with delta units of binary in-the-money call options on the VIX. This will give you synthetic exposure to the notes with steady cash flow and the binaries are cheap. If goldman defaults the VIX will sky rocket giving you a handsome payout better than what you will have to pay on the senior secured notes because of high recovery rate if all the default climbs up to the senior tranche. Actually this would be equal to the end of the world in today�s market.

    Or better yet just buy SPX and sit, the market is doing all the work for you.

    The US natural gas market is in contango (I swear this is not jargon:o, there is no other term). So buy long dated/leap calls at the money now. In 2 years you will be so deep in the money you wont know what to do. But average retail investor cannot hedge this as he cannot trade spot.

    So I guess my point is there are sophisticated ways to make money for which the average retail investor has no access to. If there is a simple way then it has already been exploited under the no-arbitrage clause of free markets.

    If you have 2-5 year horizon. Go long the market and sit on it would be my best advice. If people want to meet and share ideas I am open to it. I live in NJ so NY/NJ is fine spot to meet.





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  • pappu
    04-18 03:41 PM
    Dear Friends,

    Got Green cards and Welcome notices for me and my wife .
    Surprisingly no uscis e-mail and online status is still "initial review"

    Our journey in short :

    How long in US : 10+ years

    First Labor in 2002 . Changed job in three years before approval of labor
    Second Labor in 2004 . Approved in 2007
    Filed I140 and 485 - in July 2007

    Since then I was enjoying EAD / AP with no complain .

    I donate to IV now and then , but for some reason only once (for few days) got access to IV-Donor Forum . But always had a faith that IV is doing good work .
    From non-donor IV forums and other forums I noticed that USCIS are transferring leftover Visas to other EB categories . I waited to see some thing coming to EB3 but ......nothing came .
    My Lawyer told me that I can port to EB2 and it is a normal a process.

    1. New Perm
    Filed in Feb and approved in 10 days ( Prep work takes 3 to 4 months before filing )

    2. EB2 I140 (TSC)
    a. Filed in March - Premium Processing
    b. My Lawyer sent interfiling letter along with I140 filing
    c. Approved in 7 days (A# and Priority Date retained)
    d. Same week got Green Cards and Welcome Notices:) - Super-fast Approval
    e. No email and no updates on USCIS website

    Not sure about the USCIS and Lawyer fees . My company paid for every thing.
    Hope every one get the desired freedom asap and don't have to wait like me for 10+ years

    Wish you all the best ......to everyone who is waiting for GC.


    Thanks,
    Jimytomy

    Congrats.



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  • gjoe
    10-27 03:07 PM
    From your response I can see that you really don't beleive in reverse brain drain. Thanks for your vote though.I wanna see peoples response to this poll and their opinion.

    Once again thanks for taking the time to read, comment and vote

    Yes, please go back to your home country. We all are with you in spirit.
    It will help us because there will be one less person ahead in line for us.





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  • Ramba
    10-10 03:17 PM
    Hi,
    Which bank offers best interest rate for fixed deposit in india.?
    What is treasury bond?? How could we invest in it?

    Check here

    http://www.ratekhoj.com/fixed-deposits/nri-fixed-deposits/fdresults.php?post=Submit+your+choices&duration=all+periods&inst%5B%5D=Public+Sector+Banks&amt=deposit+amounts+less+than+Rs.+15+lakhs&citizentype=non-senior&sorttype=rate&sortorder=DESC&filewrite=0



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  • baskarans
    03-30 02:52 PM
    Got Two soft luds on mine and my wifes one on 3/17 and one on 3/18 no RFE or anything yet. People who say they got RFE after Soft lud could you Please Post how long after the soft LUDS you got RFE (hard LUD)





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  • shawine
    07-17 10:14 PM
    This is not a waste of time. CNN really cares about rating and I am pretty sure for many people like you and me, CNN is the first stop for news. If they realize that we are a force to reckon with, they will think twice before airing such shows. By signing nobody is expecting, CNN firing Lou Dobb's but at least CNN will be careful airing these baseless facts..That's all we need..attention and fairness..espeacilly when they claim they are the most trusted name in the news..



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  • ksrk
    04-16 08:29 PM
    My attorney received the RFE yesterday (just under a week after the email notification) (and I haven't received anything directly yet).

    They wanted copies of the original I-485 and G325A forms (for both my wife and me), filed in Aug. '07, signed again.
    Nothing changed or updated, just our signatures above the "signatures" the attorney/representative put in the original forms for us, in 2007.

    Hopefully this is all they want and not more once they receive this...fingers crossed, not holding breath! :)





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  • sobers
    02-20 02:14 PM
    Sensenbrenner Statement after President Bush's Speech on the State of the Union

    WASHINGTON, D.C. -- In response to President Bush's speech on the State of the Union, Menomonee Falls Representative Jim Sensenbrenner issued the following statement:

    “President Bush’s speech tonight was a strong and visionary statement that accurately reflected the state of our union. Since his last such address, our nation has gone through waves of lows and highs. From the horrors of Hurricanes Katrina and Wilma, to the December elections in Iraq where the Iraqis chose their first representational government under their new constitution, Americans have experienced both great pain and great elation.

    But as the President said, ‘Our work in Iraq is difficult because our enemy is brutal.’ This brutality is continually demonstrated by the actions of terrorists who prey upon innocent men and women to preach their message of hatred. As our nation makes progress in the War on Terror, I hope to see our sons and daughters return home from their tour of duty -- American soldiers will stand down as Iraqi soldiers stand up.

    On the subject of immigration, I was pleased to hear the President discuss the need for orderly and secure borders, and a plan that calls for stronger immigration enforcement that, among other things, rejects amnesty for illegal aliens. There is much work that remains to be done as we try to build consensus. The Border Security bill I introduced and the House passed last year is just the first step towards a comprehensive immigration plan. Currently, our immigration laws rival our nation’s convoluted tax code.

    This highlights our need to hold the line on spending in Congress. In order to maintain America’s competitive edge, a recurring theme through the President’s speech, we must spend our taxpayer dollars wisely. I agree with the President that the federal budget includes too many special projects, better known as “pork.” To that end, I support providing the President with a line item veto.

    Tonight Congress has been challenged to act on many issues. I accept the challenge laid down by President Bush to deliver common sense legislation that will continue to improve our security and quality of life.”

    Contact: Raj Bharwani, (202) 225-5101
    Sensenbrenner Press Office
    http://www.house.gov/sensenbrenner/pr20060131.html
    ----------

    Much work remains to be done...as we try build consensus. This (Sensenbrenner Bill) is just the first step...toward Comprehensive immigration.

    My reading is that sensenbrenner seems to be open to consensus...and amenable to comprehensive reform (which in other words is tougher border security and interior enforcement + guest worker program similar to Coryn-Kyls'). Despite public rhetoric, if there is enough time we may see such legislation come to pass in the 109th Congress. We need to see how we can bring about meaningful EB visa relief in such a scenario.



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  • gsc999
    07-12 02:18 AM
    We need help:

    - putting together some wooden banner structures. We will provide material. Please PM me if you are in Sunnyvale area and can meet in person on Friday in Sunnyvale for transfer of material.
    - Ten or so volunteers to help direct and manage the Saturday(07/14) event.
    - People to help with misc. activities like registering the participants who come to the event.





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  • cooldesi
    04-02 06:28 PM
    there are two factors here:

    1. Regarding consultant coming to US. As employer told he does not have bonafide job offer. he is at 0% fault and consultant 100%.

    2. Regarding paying for h1b fee. employer obviously did not make money here but he was not supposed to take money from consultant.

    it's all about greed on both sides.



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  • desi3933
    03-10 05:56 PM
    I seriously doubt that this list is a 140 pending. Not 485. In 485 stage NIW will not come into picture.

    These numbers appear to be I-485.
    1. I-485 is called application whereas I-140 is called petition. PDF mentions EB applications.
    2. For EB5, no I-140 is needed. Instead I-526 is filed. Since EB5 is mentioned, it can't be I-140.





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  • gc_bulgaria
    11-09 09:36 PM
    Using H1B makes one safe. but how many years we want to do the safe job. If I-485 gets denied do u have enough patiences to file another green card. One thing is believe is "We are here to make money, most of us are in our thirties and we have short time remaining to reach our goals. I think we all have one year EAD. wait for 6 months then go on job hopping, learn whatever you can, get into whatever you want. Start a business, do something.... Anything you do will help you in future. Sitting with H1B in pocket may take 4 years cream of your life.
    If you have the talent you can get great salaries anywhere in the world. Because of your talents and hard work you guys are here. World is not small.

    I will use EAD soon.
    :-)
    If something goes wrong, I move to Europe!



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  • maheshmail
    07-30 01:42 PM
    for options trading...is there any site you will suggest which provides daily alerts???





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  • webm
    03-13 01:24 PM
    Folks,
    This my copyright and very much pertain to our situation:
    *********************
    I left my world in search of prosperity
    The prosperity is taking an eternity
    My struggle is long and daunting
    Making it more and more frustrating

    Life at times seems uncontrollable
    Flowing with the time unstoppable
    Graying hairs testify for the feeling
    Fat belly making me further unappealing

    Sometimes I think of going back
    Try to gather the courage that I lack
    But the world I left is not the same any more.
    And the world I am in, has lost its lure.

    I am on the crossroad of my life
    One is forward, one is left and other is right.
    I don’t like the choices shown
    May be I would have to create a world of my own

    ***************
    Thanks


    Very nice dude!! keep it up..



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  • 485Mbe4001
    01-31 05:29 PM
    voted multiple times...

    I hope hope they dont launch into a spiel about H1 B when the question is about GCs. It will also show their awareness about the actual issue.





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  • Praveenkumar
    10-29 10:52 AM
    caliguy

    Could you please send me the letter that you sent to Sec. NAPOLITANO-

    Thanks





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  • invincibleasian
    01-29 05:18 PM
    Do you have a link to this news/alert?

    http://www.immigration-law.com/





    bugsbunny
    04-24 12:41 PM
    Another thread that needs deletion





    gc28262
    01-29 09:29 AM
    AILA’s Business Litigation Comm. Re: Neufeld memobyH-1 Cap Blog (http://www.h1cap.com/?p=121)
    The American Immigration Lawyers Association (AILA) has a Business Litigation Committee (BLC) and we met this week and the hot topic of discussion was the recently released Neufeld memo. There is a strong belief that the memo was issued in violation of the Administrative Procedures Act. There is also the belief that the memo violates long-standing precedent and established law. It is believed that there are numerous industry groups as well as individual companies that may be pursuing litigation on this matter. The BLC is in the process of working with the American Immigration Council to create a special section within its clearinghouse service http://www.legalactioncenter.org/litigation-clearinghouse (http://www.h1cap.com/blocked::http://www.legalactioncenter.org/litigation-clearinghouse) specifically dedicated to collecting and posting relevant documents and information on this issue. This will allow all interested parties to be kept up to date on efforts being made to address this policy. We are looking for information regarding actual litigation as well as significant meetings, letters, etc. to USCIS officials as well as Congressional members on this topic. We will then organize the relevant documentation and make it available for access by others. If you are interested in participating in this clearinghouse effort, please keep us updated on your efforts. contact mfh@hammondlawfirm.com for additional info.