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Gamesguy posted:I've been long commodities(copper iron/steel and coal) since over two weeks ago. Still sitting on them. What do you use for your iron exposure?
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Nov 12, 2010 05:38
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If I had extra cash I would buy on the current SIRI dip. I still have a chunk of shares bought at 86.5 cents. I dont think that in the short term internet stuff like Pandora will interfere that much. You still have a poo poo ton of people that just want to turn on the radio and drive and not klutz around with their phone to get Pandora playing.
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Nov 12, 2010 14:47
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Do some brokers not keep track of the pattern day trader/$25k thing? Every time I make a trade on OptionsHouse, it tells me that it is my first trade in a 5 day period and it doesn't seem to be keeping track of them. I'd like to keep trading but I'd also like to not be locked out until I have the minimum balance.
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Nov 12, 2010 19:04
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IratelyBlank posted:Do some brokers not keep track of the pattern day trader/$25k thing? Every time I make a trade on OptionsHouse, it tells me that it is my first trade in a 5 day period and it doesn't seem to be keeping track of them. I'd like to keep trading but I'd also like to not be locked out until I have the minimum balance. As long as you don't open and close a position during the same session it's not considered a day-trade and thus doesn't count against the 3-trade limit.
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Nov 12, 2010 20:34
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Plastic Jesus posted:As long as you don't open and close a position during the same session it's not considered a day-trade and thus doesn't count against the 3-trade limit. By same session, are you referring to the trading day? All of my trades so far have all been opened and closed on the same day and it still isn't incrementing my trade count. I'm not going to say anything about it or complain to them but it's a little weird.
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Nov 12, 2010 20:59
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IratelyBlank posted:By same session, are you referring to the trading day? All of my trades so far have all been opened and closed on the same day and it still isn't incrementing my trade count. I'm not going to say anything about it or complain to them but it's a little weird. Yes, same day. And it's not up to them to remind you that you're over your day trade limit, but it is up to them to freeze your account if they notice.
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Nov 12, 2010 21:58
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Regarding next week's GM IPO: http://www.reuters.com/article/idUSTRE6AB43H20101112 quote:GM is still accepting investor orders for shares in the IPO and is not expected to close the order books until early next week, the sources said." How does that work? They offer common and preferred shares first to bigtime sovereign or large-fund investors prior to the actual IPO, then its open season for the rest of the plebes on Thursday?
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Nov 12, 2010 22:36
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My Fidelity account says I have to have $500,000 to participate.
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Nov 12, 2010 23:58
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Orgasmo posted:Regarding next week's GM IPO: basically, unless you have poo poo-tons of money, don't expect to get shares of GM until aftermarket.
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Nov 13, 2010 05:14
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Orgasmo posted:Regarding next week's GM IPO: I thought thats how most IPO's worked?
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Nov 13, 2010 07:04
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Can someone with more experience give me a serious reason why SIRI is so far down? Is it really because one rear end in a top hat said it was overvalued?
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Nov 13, 2010 07:31
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Pudgygiant posted:Can someone with more experience give me a serious reason why SIRI is so far down? Is it really because one rear end in a top hat said it was overvalued? It took me, literally, 30 seconds to find this: http://seekingalpha.com/article/236207-sirius-analysts-weigh-in-on-q3-earnings-and-beyond.
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Nov 13, 2010 07:45
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Yeah I read that, I guess I don't get why 8/10 analysts project it higher than it is, but because 2 say it should be lower, it's falling.
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Nov 13, 2010 11:19
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It's a glorified penny stock that's barely breaking even and is leveraged out the rear end. Despite all that, it's had about a 40% runup over the last couple of months. It's now overvalued, and people are selling.
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Nov 13, 2010 16:49
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Dr. Jackal posted:basically, unless you have poo poo-tons of money, don't expect to get shares of GM until aftermarket. What's the earliest a regular Joe Schmoe like me could get some shares? I'm thinking about it, but don't know how much to expect the price to run up before I'd even have a chance.
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Nov 13, 2010 17:44
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Mobius posted:What's the earliest a regular Joe Schmoe like me could get some shares? I'm thinking about it, but don't know how much to expect the price to run up before I'd even have a chance. 1. Call up your broker, maybe whatever trading company is might buy a lot of shares ahead of demand by its customers. If there is enough interest by its individual traders they might buy the large lump sum and split it amongst them. 2. Limit order the first day. 3. Play the waiting game; hope for analyst downgrades and bad news to drive it down then scoop up some shares then.
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Nov 13, 2010 17:56
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Plastic Jesus posted:What do you use for your iron exposure? CLF and RIO. quote:basically, unless you have poo poo-tons of money, don't expect to get shares of GM until aftermarket. Friend of mine has shares reserved through Fidelity. Gamesguy fucked around with this message at 21:20 on Nov 14, 2010 |
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Nov 14, 2010 21:16
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Good googa mooga I am kicking myself in the rear end for not shorting RINO a few days ago, or even this morning.
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Nov 15, 2010 21:33
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Somebody on this forum recommended URRE a while back (it was at like 75 cents). Having never bought a stock below a buck and against my better judgment, I bought 1k shares and completely forgot about it. To my amazement, it's at like 2.60 at the moment. Whoever that person was, any updated opinions on it?
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Nov 15, 2010 21:43
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Arkane posted:Somebody on this forum recommended URRE a while back (it was at like 75 cents). Having never bought a stock below a buck and against my better judgment, I bought 1k shares and completely forgot about it. To my amazement, it's at like 2.60 at the moment. Whoever that person was, any updated opinions on it? Purely going by capitalization, that's a micro-cap stock, and it was a penny stock just a few months ago. I'd be real leery of a 666% run up in 4 months; that's massive volatility. If it had become any major proportion of my portfolio, I'd consider taking profits on most of it so I could still be exposed to potential upside (and as a good excuse to rebalance), but not be too vulnerable to a pullback.
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Nov 15, 2010 21:58
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http://www.bloomberg.com/news/2010-11-12/gary-shilling-sees-equity-selloff-within-year-as-fed-fails-to-fix-economy.html The next 12 months you say.... He really is some sort of stock market predictor!
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Nov 16, 2010 00:09
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F run up before GM IPO? hell yeah, no news from China about raising rates? hell yeah. Did I mention F? hell yeah.Cheesemaster200 posted:http://www.bloomberg.com/news/2010-11-12/gary-shilling-sees-equity-selloff-within-year-as-fed-fails-to-fix-economy.html The other question would be did he predict that the market was going to take climb up to this overvalued position. Otherwise he is really just restating that the market climbed up way too fast compared to actual state of the (US) economy. Market being jumpy/over-valued was shown(?) last Friday where CSCO said "we know poop in the future" and the entire market takes a 2% dive. I would not doubt one major broad market "poop" prediction and the market is going to flash crash itself (again). But that is different then saying "market is over valued and needs severe correction" vs "market is going to stay range bound until some point..." Dr. Jackal fucked around with this message at 01:17 on Nov 16, 2010 |
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Nov 16, 2010 00:48
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Cheesemaster200 posted:http://www.bloomberg.com/news/2010-11-12/gary-shilling-sees-equity-selloff-within-year-as-fed-fails-to-fix-economy.html
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Nov 16, 2010 00:50
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Any advice on what I should do with the 21.00 January call on Cisco? I bought in at .77 and .65 and the position overall has taken a loss of over 40% (current price is .43). I do have 66 days left for things to turn around, but I'm getting a little nervous about the potential loss of half or more of a position and am considering cutting my losses and chalking this up as a learning experience(yes, this is money I can afford to lose, but that still doesn't make it an enjoyable experience). I'm certain the stock price will come back up, but I'm not confident it will come up fast enough to return the option price to a point where it makes me any money or significantly reduces my losses. I'm also considering buying in again in the low 40's in the hope of an increase from that position negating some of my losses in the event that the price rises a little, but not enough to make it back to my original buy-in price.
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Nov 16, 2010 17:33
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Are treasury prices taking a poo poo right now or is Google finance just lying to me?
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Nov 16, 2010 18:46
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Arkane posted:Somebody on this forum recommended URRE a while back (it was at like 75 cents). Having never bought a stock below a buck and against my better judgment, I bought 1k shares and completely forgot about it. To my amazement, it's at like 2.60 at the moment. Whoever that person was, any updated opinions on it? It was me.  My thoughts are, it's still a good long term stock - they cleared up basically everything that was troubling the company, and uranium prices are theoretically headed up over the next couple years - but it's way oversold right now. I got out at 2.4, making a boatload of money. If it falls back to around 1.5 I'd buy some more. Just wanted to set some of my gains in stone.
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Nov 16, 2010 19:47
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Anyone still have some HGSI? http://finance.yahoo.com/q?s=hgsi&ql=1 I made a small profit on them earlier this year, bought at 17.x and sold at 22.x and have seen a few others mention it from time to time. Their Lupus drug has been recommended for approval and the stock was on hold during the day for the recommendation. It's up over $2.5 in after hours.
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Nov 17, 2010 02:33
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Looks like GM goes live today.
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Nov 18, 2010 14:23
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MrBigglesworth posted:Looks like GM goes live today. Hard to borrow right out the gate.
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Nov 18, 2010 17:36
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LactoseO.D.'d posted:Hard to borrow right out the gate. Isn't that the norm for IPOs? I think institutions usually have to agree to a blackout "no loan" period to get their allotments. Though having never been party to an IPO I could certainly be wrong. I wonder how long before the options list.
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Nov 18, 2010 18:17
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Plastic Jesus posted:Isn't that the norm for IPOs? I think institutions usually have to agree to a blackout "no loan" period to get their allotments. Though having never been party to an IPO I could certainly be wrong. I wonder how long before the options list. No, you're right. It depends on the terms of the underwriter. I was thinking that with stock finally available to the masses, someone would've bought up shares that would be available for loan since this is such a huge IPO. But I guess it's not an exception, and that shares are mostly still locked up. Probably for the better, but I was considering spreading it against Ford.
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Nov 18, 2010 20:21
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Not surprising as the Fed had to expand the offering to cover the short interest /joke.
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Nov 18, 2010 21:37
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Jack posted:Not surprising as the Fed had to expand the offering to cover the short interest /joke. anyone notice how F and GM moved exactly in sync?
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Nov 19, 2010 07:00
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I looked over GM today for half an hour or so before I started to wonder why I was even looking over GM. Am I making some sort of mistake here?
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Nov 19, 2010 08:15
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mindphlux posted:I looked over GM today for half an hour or so before I started to wonder why I was even looking over GM. Am I making some sort of mistake here? What is different about their business model now? The volt sounds like a POS compared to the japanese cars, so sounds like business as usual to me. Where is their competitive advantage?
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Nov 19, 2010 08:42
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Baddog posted:What is different about their business model now? The volt sounds like a POS compared to the japanese cars, so sounds like business as usual to me. Where is their competitive advantage? Also: HEMI!
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Nov 19, 2010 10:42
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Goddammit, I can't believe I missed the LIZ breakout. I was watching, waiting for it to come off the top of the VWAP at $6.85, then boom, BTFO on heavy volume.
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Nov 19, 2010 17:44
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Baddog posted:What is different about their business model now? The volt sounds like a POS compared to the japanese cars, so sounds like business as usual to me. Where is their competitive advantage? that's basically the conclusion I made. I mean, aside from the 'ipo !!!!' hype they have absolutely nothing going for them. picked up some INHX, CSCO, BP, and I'm debating between COR and LVLT. The latter has pretty much never made a profit, while the former hasn't had a chance to. with options like these, how could I possibly lose?
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Nov 19, 2010 18:19
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Netflix is raising prices. In the last few minutes Ive had the Scottrade live window open and Ive always had Netflix on the list. It basically jumped from $173/share to $182/share nearly instantly. http://blog.netflix.com/2010/11/new-plan-for-watching-instantly-plus.html
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Nov 22, 2010 14:54
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MrBigglesworth posted:Netflix is raising prices. In the last few minutes Ive had the Scottrade live window open and Ive always had Netflix on the list. It basically jumped from $173/share to $182/share nearly instantly.
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Nov 22, 2010 15:43
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