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Free Gucci Mane posted:I just got turned down for a margin account at Tradeking because I don't have a record of full-time employment (I'm in college, working only during the summer). Is that pretty much par for the course for online brokers? The frustrating thing is that I don't even want to borrow on margin, all I want to do is shortsell and get rid of that annoying 3-day unsettled funds restriction. 2k requirement at OptionsHouse, I think.
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Aug 2, 2010 06:22
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Free Gucci Mane posted:I just got turned down for a margin account at Tradeking because I don't have a record of full-time employment (I'm in college, working only during the summer). Is that pretty much par for the course for online brokers? The frustrating thing is that I don't even want to borrow on margin, all I want to do is shortsell and get rid of that annoying 3-day unsettled funds restriction. Lol shorting is for idiots or people who have the capital to do such things. You need to have money to be able to cover for your mistakes when you short stocks that go up when you make the wrong decision. Either get the capital to cover your decisions or buy puts or recognize that you can't just short out of the blue when you have a bare minimum of capital to work with.
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Aug 2, 2010 08:37
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Tom Rakewell posted:Lol shorting is for idiots or people who have the capital to do such things. You need to have money to be able to cover for your mistakes when you short stocks that go up when you make the wrong decision. Either get the capital to cover your decisions or buy puts or recognize that you can't just short out of the blue when you have a bare minimum of capital to work with. If he manages his money it isn't much riskier then going long. So loss potential is unlimited but the only thing that can really screw him if he uses the correct stop losses is a gap up.
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Aug 2, 2010 15:54
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Anyone have thoughts on ATPG?
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Aug 2, 2010 18:44
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Grumpicat posted:2k requirement at OptionsHouse, I think. Dr. Jackal posted:Schwab's margin requirement is 5k? So other brokers base it on balance, not employment? That's strange, I guess I'll email customer service again to see if they misled me.
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Aug 2, 2010 20:34
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From what I remember its a combination of things to qualify for margin. Balance being the most important but if you have little trading experience and no history of employment I could see a brokerage denying you for those reasons.
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Aug 3, 2010 00:08
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No. 9 posted:Anyone have thoughts on ATPG? I just recently added them to my watch list, and I think they have the potential to double or even triple over the next 2-3 years if things go well for them, but that's a very big if and there's a lot of risk here. They've got a lot of debt, 4 consecutive quarters of losing money with another 2 projected, and with the whole Gulf of Mexico fiasco going on it's not entirely known just how bad those next 2 quarters are going to be. Also, both the market and oil had big rallies today that I don't think will last. So my thoughts on them are that I'm not a buyer until they've announced Q2 earnings, the market has pulled back, and oil is under $75/barrel. Once all of those things have occurred, I'll be looking for an entry point.
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Aug 3, 2010 02:26
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Well gently caress, there goes my cheap European vacation next month. Damnit EURUSD!
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Aug 3, 2010 14:21
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I just got out of Linn Energy today (I used to own Linn Energy btw), and I've never gone so quickly from "oh good, I set my limit order above the market price and they actually hit it" to "drat it, stop going up. You're making me feel bad." I've never understood why people like to pile into a big dividend stock before the ex date, as if there's some advantage in the company giving them their own money back. Well, I just have to console myself that I'm not a trader.
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Aug 3, 2010 19:23
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Why did you drop out btw? They have had a nice uptrend over the last few months. Or was it that you had your amount that you wanted to fulfill and the market hit that point?
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Aug 3, 2010 19:28
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MrBigglesworth posted:Why did you drop out btw? They have had a nice uptrend over the last few months. Or was it that you had your amount that you wanted to fulfill and the market hit that point? I don't trust them at a yield below about 8% especially when Breitburn yields more than 9% and actually has the cash flow to increase their distributions if they wanted. Also, they bought a lot of new oil fields with borrowed money, and a good chunk of the new debt will have to be paid down before it can safely be used to enhance owner earnings. And I think a lot of this really is trying to capture the dividend, which is on August 6th.
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Aug 3, 2010 19:34
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Hobologist posted:I've never understood why people like to pile into a big dividend stock before the ex date, as if there's some advantage in the company giving them their own money back. You buy stock A at $y, it pays a $x (or could be in the form of stock) dividend then you sell the same share out at $y(plus or minus volatility) if the stock stays at $y or goes to $y+n you profit and if it goes to $y-n you will have a lesser loss because of the $x payout. It eats the cost of a loss to a certain amount and you only have to own the stock for one day or so.
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Aug 3, 2010 19:35
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antishatter posted:what? The price of a stock after the ex-divided date typically drops to $y-$x., because $x dollars per share are no longer inside the company.
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Aug 3, 2010 19:48
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That's not always true. If it fell more than the dividend amount every time all you need to do is short at the ex date. Also, the only reason it falls is because people are using that strategy. If the strategy didn't work, then it wouldn't fall and the strategy would work again etc.
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Aug 3, 2010 20:12
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Hobologist posted:The price of a stock after the ex-divided date typically drops to $y-$x., because $x dollars per share are no longer inside the company. I don't think you "get" how a stock is priced. It's purely supply and demand. The stock price drops because people sell out of it once the dividend is paid thus driving supply up.
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Aug 3, 2010 20:26
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antishatter posted:I don't think you "get" how a stock is priced. It's purely supply and demand. The stock price drops because people sell out of it once the dividend is paid thus driving supply up. And I don't think you "get" how a stock is valued. A stock is worth the money it has and the present value of the money it will have. Take away the money it has and you take away that much value.
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Aug 3, 2010 20:30
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Hobologist posted:And I don't think you "get" how a stock is valued. A stock is worth the money it has and the present value of the money it will have. Take away the money it has and you take away that much value. It's not like no one knows they are going to be paying a dividend. With the exception of special dividends. The dividend is factored into the value of the stock.
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Aug 3, 2010 20:36
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If anyone follows REITs at all and likes to trade, keep an eye on/look into FR. Since I started following it, it has cycled 3 times. Bought it on the rise of the first, bought more on the fall of the first, watched the rise of the second and the fall of the second (lost sell opportunity), bought more at the fall, and sold at the rise of the third, then bought back in at the fall of the third (currently where it is). It seems to be driven mostly by technical data, as opposed to rational valuations of its balance sheet and future earnings, though these have seemed to act as triggers for market attention and trend changes. I'm up about 10 grand from it and hoping it swings up again and it seems to be aligning itself to do so. I'm comfortable trading with it only because I don't see it being obliterated anytime soon and trading it fits my portfolio. I'm more of a long fundamental investor that uses/monitors technical trends as a gauge for possible buy or sell opportunities, so I'm by no means in with trading culture, but this is one that has worked as a nice little experimental stock for me. I'm not saying to buy it, but if anyone enjoys investing like I do, it's been a fun stock to watch and play with. Edit: Also in BP at ~$32. Anyone else with it considering holding it for a while? I have it in my head that it is going to pay a dividend again and thinking about just enjoying that rather than worrying about trying to trade in and out of it. It stands at about $40 and I don't know if I'll get the opportunity to get in at $32 again so I don't see any reason to decrease my position or close out of it. Even if it were to leap to $60, as a dividend play which something like BP almost has to be if you have it in your portfolio it seems to just make sense to keep the money in it unless you can do something better. Quick burst of cash to be allocated somewhere else and possibly put at higher risk, or just enjoy the small trickles to supplement losses or buffer other positions. My time frame here is roughly 5 years+. Jabbu fucked around with this message at 23:41 on Aug 3, 2010 |
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Aug 3, 2010 23:28
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Judging by this statement on the earnings call, it looks like FR is having some trouble meeting their debt obligations. If they don't sell all their assets that they want to, and at good prices, they could be looking at some problems. I would guess this is common among their peers as well?quote:As we cautioned previously and in our press release again last night, we continue to operate with little cushion in certain of our financial covenants under our line of credit agreement and unsecured debt indenture. If we meet our plan for 2010, including our target level of asset sales under favorable terms, we believe we will continue to be in compliance with our fixed covenants throughout 2010. Premium on the Dec 10 $5 call jumped .30 to .75 today. 17% of the current stock price, a little too high of a premium for me I think.
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Aug 4, 2010 03:06
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Cheesemaster200 posted:Well gently caress, there goes my cheap European vacation next month. Damnit EURUSD! ugh don't remind me, I was going to jump into that ship when EUR hit 119. on another trend I wish I bought Yen when USDYEN was 96 edit: anyone else going nuts because NFLX keeps skipping 3~4% up&down during the middle of the day with no real news? Dr. Jackal fucked around with this message at 06:43 on Aug 4, 2010 |
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Aug 4, 2010 03:35
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Hobologist posted:The price of a stock after the ex-divided date typically drops to $y-$x., because $x dollars per share are no longer inside the company. antishatter posted:I don't think you "get" how a stock is priced. It's purely supply and demand. The stock price drops because people sell out of it once the dividend is paid thus driving supply up. The price is adjusted by the exchanges on the basis Hobo cited. So there is a hard mechanism for the price adjustment when a stock goes ex-dividend, not merely a theoretical one. http://www.investopedia.com/articles/stocks/07/dividend_implications.asp
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Aug 4, 2010 15:14
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LactoseO.D.'d posted:The price is adjusted by the exchanges on the basis Hobo cited. So there is a hard mechanism for the price adjustment when a stock goes ex-dividend, not merely a theoretical one. "On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend by the exchange on which the stock trades. For most dividends this is usually not observed amidst the up and down movement of a normal day's trading" Even in the case of Microsoft's $3 dividend, the stock didn't dip a full three dollars. http://www.investopedia.com/ask/answers/137.asp They seem to have conflicting information. antishatter fucked around with this message at 15:59 on Aug 4, 2010 |
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Aug 4, 2010 15:52
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antishatter posted:"On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend by the exchange on which the stock trades. For most dividends this is usually not observed amidst the up and down movement of a normal day's trading" Just go trade it if you're so sure you're right.
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Aug 4, 2010 16:57
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Here you go, folks, straight from the horse's mouth: http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=8950 According to the Financial Industry Regulatory Authority, not only is the stock price itself adjusted due to the dividend, but all open orders for the stock are thusly adjusted. So if you've got a limit order open to buy (Stock X) at $20 per share, and the stock price closes at $20.50 the day before the ex-dividend date with a dividend of 50 cents.... you won't end up buying the stock, because your order is automatically adjusted to account for the dividend. The same thing is done for splits. So that, thankfully, if you have an open limit order to buy a company that is splitting, your order won't suddenly be for a limit that is almost twice the current share price.
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Aug 4, 2010 17:01
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Well, since you didn't ask, Linn Energy closed yesterday at $31.44, paid a 63 cent dividend, and opened today at exactly $30.81 according the good people at yahoo. That's closer than they usually get it, actually.
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Aug 4, 2010 17:25
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Hobologist posted:Well, since you didn't ask, Linn Energy closed yesterday at $31.44, paid a 63 cent dividend, and opened today at exactly $30.81 according the good people at yahoo. That's closer than they usually get it, actually. with or without pre-market? also  NFLX up 6%
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Aug 4, 2010 18:03
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Dr. Jackal posted:with or without pre-market? You worried about it closing any of the gaps like at 104-106?
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Aug 4, 2010 19:11
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Hobologist posted:Well, since you didn't ask, Linn Energy closed yesterday at $31.44, paid a 63 cent dividend, and opened today at exactly $30.81 according the good people at yahoo. That's closer than they usually get it, actually. I would like to see the LII about what kind of trading was occuring up to and at the dividend date.
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Aug 4, 2010 19:26
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Did anyone listen to the conference call for ESLR on the 3rd? I did and most of it seemed inconsequential...but they mentioned the reverse 6to1 split was shareholder approved but they were holding off on it because they have to the end of the year to get back above $1. Trying to figure out what to do...it sounds like during the call that production keeps ramping up in China and they are planning to ship even more over the next year but there are still some capital costs with tooling up the China facility so I don't expect to see any great net earnings and so I would guess that from a stockholder's view this wouldn't be a great stock.. But it's so cheap now that it could be like a Ford thing where they get their act together and investors start looking at it again. Am I way off about this?
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Aug 4, 2010 19:32
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Oxphocker posted:Did anyone listen to the conference call for ESLR on the 3rd? Their fundamentals look pretty horrific at a glance. Sure, it's possible that they might become profitable in 2011, but there doesn't appear to be any evidence suggesting that this is a likely scenario. It appears much more likely that they'll need to raise capital through another public offering, or taking on more debt which they're already up to their ears in. If you're looking for a high risk bet with potential to increase your investment by 2x or more, you're going to get better odds in a casino IMO.
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Aug 4, 2010 20:09
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Oxphocker posted:Did anyone listen to the conference call for ESLR on the 3rd? Stole this quote from another stock forum, think it might help ya. hooty888;2557127 posted:I eyed this company earlier in the year but passed it up.
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Aug 4, 2010 20:20
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Glad I did.
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antishatter posted:You worried about it closing any of the gaps like at 104-106? I bought in at 101, so no worries on that. From volume and technical graph (I use it more for short term but rely on fundamentals for long term), it has enough support to sit above 106 for a while. below 100 was a shorting fiest, and I think anything about 110/115 is just speculation or price driven up because no one wants to sell.
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Aug 4, 2010 20:41
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ESLRs production costs are like $2 Chinese guys are almost down to nearly $1 fully integrated. ESLR cannot compete. We're inflating to insane levels now. CRM and BIDU are adding a quarters worth of revenue each DAY to market cap now.
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Aug 4, 2010 20:44
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Is the BIDU train ever going to run out of steam? Since Dec it has risen ~$74/share accounting for the split. They just had a 10 for one split a couple months ago on May 12, was around $770 a share. Price was around $74 ish at the split and now the stock is up $12/share from that point in just less than 3 months now at $86 and change. They seem to have very little in the way of Debt and just keep hauling in income. MrBigglesworth fucked around with this message at 21:21 on Aug 4, 2010 |
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Aug 4, 2010 21:01
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double post
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Aug 4, 2010 21:10
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I wouldn't want to have a long position in BIDU if there's a serious threat of deflation and a slowdown in the world economy or if there's a quarter where they don't double revenue. The multiples advertising and advertising related companies receive is insane. Makes you wonder why anyone bothers to make anything when they can end up being worth more selling what other people make.
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Aug 4, 2010 21:18
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Well picking up ATPG the other day was a smart move for me after all.
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Aug 5, 2010 00:39
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I'm getting kind of tired of Visa... I was thinking of switching my money over to Altria. They look pretty stable... give dividends pretty much no matter what is going on. Plus I've been wondering what they're gonna do if marijuana gets legalized in California..
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Aug 5, 2010 01:28
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MrBigglesworth posted:Is the BIDU train ever going to run out of steam? Since Dec it has risen ~$74/share accounting for the split. I'm long on BIDU, got in at 70. I think the fairly strong break through 80 shows some good strength. Here's what my advisory service says (and they were lucky enough to get in at 32): quote:Chasing after all Baidu’s users, naturally, are advertisers. At the end of the second quarter, Baidu had about 254,000 active online advertising customers, representing a 25.1% increase from the corresponding period in 2009. Revenue per online advertising customer for the second quarter was approximately $1,106, a 38.9% increase from the corresponding period in 2009.
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Aug 5, 2010 02:20
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Why is the cash/share so ridiculous for UBS? I must be missing something.
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Aug 5, 2010 16:23
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