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I was wondering why Fidelity wasn't notifying me after the trades I've made in the past two days. For some reason I'd assumed it was 25k liquid cash, not equities e: removed a dumb comma because it pissed me off re-reading it BlackMK4 fucked around with this message at 21:08 on Mar 17, 2020 |
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Mar 17, 2020 21:04
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BlackMK4 posted:I was wondering why Fidelity wasn't notifying me after the trades I've made in the past two days. For some reason, I'd assumed it was 25k liquid cash, not equities Its cash plus marginable securities generally.
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Mar 17, 2020 21:06
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BlackMK4 posted:I was wondering why Fidelity wasn't notifying me after the trades I've made in the past two days. For some reason, I'd assumed it was 25k liquid cash, not equities I still get warning from my broker about it being counted as a day trade even though I have enough equities. I assume it's because it would flag the account as PTD, I can fill out a form to self report that I would like the status and the warning goes away, or I can just trade above the limits and get moved there automatically. I really don't want to be flagged but if I had a play that required multiple day trades I wouldn't blink to make them and go into PTD.
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Mar 17, 2020 21:07
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Here’s a good lesson in options trading courtesy of wsb. Thanks to auto exercise I now have $-6037.92 in my Roth IRA.
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Mar 17, 2020 21:13
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If we get another dip down and I get a good opportunity to liquidate, I'm thinking I'll put some cash in NYMT and SVC They're REITs with book values of at least 2x (SVC's book value is $15.23 and they're trading at 5.76, NYMT is $5.78 and they're trading at $2), I probably won't go ham on either but each has lost a lot of value already, pay dividends regularly and have a lot of room to appreciate if they recover.
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Mar 17, 2020 21:13
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Leperflesh posted:
Any idea why this might be? I have an etrade account that was once an Options House account and it seems fine, though I have nothing to compare it to really. Thinking we may have at least seen the most dramatic of the drop for the moment, expecting things to go sideways, maybe slightly down for some time. Wrote some month-out calls on my long-term positions that I'm hoping will expire worthless. Got a bit trigger happy today though and bought in MRNA at near the daily high with a protective put. Somewhat regretting that decision as it was pretty reactionary in the moment, but still hopeful it will pan out. I guess if it really starts tanking near-term I'll sell the stock and keep the option.
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Mar 17, 2020 21:13
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nelson posted:Here’s a good lesson in options trading courtesy of wsb. that's incredible, hahaha
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Mar 17, 2020 21:15
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I had done so much good work with ES this morning but lost most of it this afternoon when NYC announces they might do shelter in place. I should feel good about the last 2 days since I'm way outperforming the S&P (still down a ton from Feb 19) but it definitely leaves a bad taste in my mouth. I just have to learn from it and move on. Plenty of volatility to trade tomorrow. Josh Lyman fucked around with this message at 22:48 on Mar 17, 2020 |
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Mar 17, 2020 21:27
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Colonel Taint posted:Any idea why this might be? I have an etrade account that was once an Options House account and it seems fine, though I have nothing to compare it to really. Nope. I'm a TDAmeritrade customer. Originally Datek Online customer, merged with Ameritrade. I don't have a margin account. Originally got Datek because they showed level II for free and had $9.99 trades, back in ~2001 when that was cheap. I recall the stock trading thread at some point was titled something about gently caress E*Trade, but I honestly don't remember why.
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Mar 17, 2020 21:28
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I think it was gently caress Edward Jones, and it was the long term thread? Maybe both these things happened.
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Mar 17, 2020 21:30
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Lost most of my gains because I forgot trump is speaking today. Closed my short positions and chilling for now.
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Mar 17, 2020 21:35
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Jnug up 58% today, lol.
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Mar 17, 2020 21:42
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WalletBeef posted:Jnug up 58% today, lol. wsb pumping it hard lol
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Mar 17, 2020 21:57
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Leperflesh posted:Datek Online Datek in 1998. I was all worried they hosed up my transfer to Ameritrade, but it turned out almost all the companies I had bought had just gone bankrupt. Etrade is fine now, I think some people didn't like them because they were comparatively expensive for what you got for awhile.
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Mar 17, 2020 21:57
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Jnug  But tomorrow probably gonna be Jnug 
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Mar 17, 2020 22:06
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Heh https://twitter.com/charliebilello/status/1240015907977678850?s=21
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Mar 17, 2020 22:21
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https://finance.yahoo.com/news/insider-buying-surpasses-insider-selling-141043046.html Everything has been tossed out and there are plenty of companies that are going to do well in this environment. How about something like GEF? They literally just make containers for things- cardboard, plastic, whatever. CEO just made a purchase and they updated guidance to “as good or better” than prior guidance. Stock has been annihilated
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Mar 17, 2020 22:31
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pmchem posted:I was looking for recovery actions, not collapse Ah my bad. Sorry its been insane in the markets. I'll add one though: bail out a major hedge fund. Perhaps three of them. If you haven't been privy to the rumors, you heard it here first...
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Mar 17, 2020 22:43
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Sepist posted:Jnug 'Oh, it dropped 78% today, nbd ...'
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Mar 17, 2020 22:48
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Apparently Jake's which is a famous dive bar in Manhattan is doing $4 quarts of beer. Why would you buy beer for takeout when you could just buy it from the grocery/alcohol store?
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Mar 17, 2020 22:49
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Josh Lyman posted:Apparently Jake's which is a famous dive bar in Manhattan is doing $4 quarts of beer. We've been ordering takeout food and beer from our favorite brewpubs as a way of supporting them while they're being forced to close. Definitely not as cheap as buying a 6 pack at the store, but I want there to be an economy when this is all over!
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Mar 17, 2020 22:52
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Josh Lyman posted:Apparently Jake's which is a famous dive bar in Manhattan is doing $4 quarts of beer. because it's better from a keg, what I don't know is why you would pay the extra to fill a growler at a bar instead of going to the brewery where it's much cheaper and the manufacturer gets more money cut out the bar and all the shipping carriers
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Mar 17, 2020 22:53
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Friendship ended with Dow, now coronavirus logarithmic graph is new number-go-up friend.
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Mar 17, 2020 22:55
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Pollyanna posted:Friendship ended with Dow, now coronavirus logarithmic graph is new number-go-up friend. where can I buy calls on it though
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Mar 17, 2020 22:59
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ketchup vs catsup posted:where can I buy calls on it though We haven't yet seen the peak of infections yet. Buy puts on boomers.
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Mar 17, 2020 23:04
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Can you guys contribute ideas for stocks that should be in a Dystopian ETF? Stocks that would be included should have some of the following 5 qualities (list subject to editing!): (a) have the potential to benefit from destruction of traditional american dreams (e.g. cities with community-driven small businesses! personal home ownership!) (b) be able to exploit economic crashes in a way that small businesses or individuals cannot (e.g. local businesses lose foot traffic in a pandemic, but delivery from warehouses goes up, or, certain classes of businesses can directly sell bonds to the Fed, but individuals cannot) (c) have the capacity to become "too big to fail" (e.g. Boeing is essentially part of DOD) and therefore be free from "moral hazard" in economic decisions on risk management (d) be able and willing to serve as a controlling aspect in a surveillance-based dictatorship (e.g. track movement or communications and not have a strong privacy policy) (e) You could imagine some other reason for this company being an integral part of a dystopian novel (please explain so I can edit list). I'll start: Amazon Boeing American Homes 4 Rent Invitation Homes Baidu Goldman Sachs JPMorganChase Who else? I seriously want to make this list and will post updates later in thread. edit: adding Walmart, Comcast, Exxon, Chevron, BlackRock pmchem fucked around with this message at 23:36 on Mar 17, 2020 |
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Mar 17, 2020 23:12
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Bored As gently caress posted:We haven't yet seen the peak of infections yet. Buy puts on boomers. Boomers that survive are going to stay in their jobs until they die. No savings/healthcare and another recession means they will cling to their jobs until they are forced onto an ice flow and housed into the ocean
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Mar 17, 2020 23:12
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greasyhands posted:https://finance.yahoo.com/news/insider-buying-surpasses-insider-selling-141043046.html We’re at the very beginning of a bull market on grief. Almost bought SYY today and probably will once it settles down. Missed PH at $110 but $120 is what I figure is fair value, though that’s difficult for me because I hate the company. AVGO’s also flirting with attractive. MMM under $150 seems like a deal.
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Mar 17, 2020 23:21
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pmchem posted:Can you guys contribute ideas for stocks that should be in a Dystopian ETF? Buy stocks in masks, gasoline, textiles, and glass bottles.
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Mar 17, 2020 23:24
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The fed is now buying stocks: https://finance.yahoo.com/news/federal-reserve-reopens-crisis-era-primary-dealer-credit-facility-223202781.html "The Fed will also take on equities, although exchange-traded funds, mutual funds, and unit investment trusts are not covered."
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Mar 17, 2020 23:38
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pmchem posted:Who else? I seriously want to make this list and will post updates later in thread.  Hillenbrand (HI). They own Batesville. Batesville Casket Company. They have roughly 40% of the deathbox market in the US. Service Corp International (SCI). They control more of the funeral industry than any other company in North America. Funeral homes. Cemeteries. Crematoriums. Good at gouging grieving family members. I'd consider them "predatory" if they weren't practically a monopoly. StoneMor Partners (STON). Right on the coattails of SCI when it comes to places to put dead bodies. Only slightly less gouge-y but still doesn't give a gently caress when it comes to making a buck - as long as SCI continues to look worse by comparison. I've had to sit through their sales pitch before. 1-800 Flowers (FLWS). In case you feel the need to say "I'm sad you died from beer virus but not sad enough to risk getting it myself by attending your funeral". FreelanceSocialist fucked around with this message at 23:49 on Mar 17, 2020 |
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Mar 17, 2020 23:41
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pmchem posted:The fed is now buying stocks: Nope. Lending against, which is a big difference. They’re prohibited by law from buying equities IIRC.
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Mar 17, 2020 23:42
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pmchem posted:The fed is now buying stocks: take on equities as collateral for loans
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Mar 17, 2020 23:45
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pmchem posted:Can you guys contribute ideas for stocks that should be in a Dystopian ETF? Any publicly traded real estate companies that primarily deal with mobile home lots?
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Mar 17, 2020 23:45
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Agronox posted:Nope. Lending against, which is a big difference. They’re prohibited by law from buying equities IIRC. Man, I don't know, I don't see much of a functional difference. They're buying it with a promise to sell it back at some date TBD. In the meantime the bank gets a potentially lovely asset off its books and can get it back later when its value has returned. edit: also, who determines the collateral value of a possibly soon-to-be backrupt stock like CZR? why should that secure a loan at today's closing value? pmchem fucked around with this message at 23:55 on Mar 17, 2020 |
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Mar 17, 2020 23:46
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FreelanceSocialist posted:
SCI will make the list, awesome, thanks. leper khan posted:Any publicly traded real estate companies that primarily deal with mobile home lots? I don't know -- find me one!
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Mar 17, 2020 23:48
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Updated the wording in my post because I've experienced STON first-hand and they generally market themselves as "not as evil" as SCI. Which almost makes them worse, in my book.leper khan posted:Any publicly traded real estate companies that primarily deal with mobile home lots? I gotchu, fam. Equity LifeStyle Properties (ELS) and Sun Communities (SUI) - the high lords of the Manufactured Housing and RV Community REITs. I've actually held both of them at one time or another. Both pay out a quarterly dividend.  edit: actually looks like I still have some shares of ELS. FreelanceSocialist fucked around with this message at 00:00 on Mar 18, 2020 |
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Mar 17, 2020 23:51
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pmchem posted:Man, I don't know, I don't see much of a functional difference. They're buying it with a promise to sell it back at some date TBD. In the meantime the bank gets a potentially lovely asset off its books and can get it back later when its value has returned. No that’s not how it works—you might be thinking of a repo agreement. This is more like: Goldman for whatever reason has $100MM of AAPL on its books that it doesn’t want to blow out. The Fed haircuts it (say by 60%, I don’t know the actual number) and loans GS $40MM. The loan gets called in at the end of the term or if the collateral value declines beyond some threshold. The Fed never actually owns the collateral in question.
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Mar 17, 2020 23:56
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Also I might be way wrong on this but by memory the last time this facility was used it was pretty much for various bonds... basically making an equivalent of the Fed’s discount window available for non-commercial bank primary dealers. Though uh, it’s a really bad sign that we need this again. What’s Ben Bernanke up to these days?
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Mar 18, 2020 00:02
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Agronox posted:No that’s not how it works—you might be thinking of a repo agreement. Ok, so if Goldman asks for a loan against $100MM of CZR, and the Fed gives them $30MM, then CZR goes bankrupt and Goldman declines to repay the loan, what happens? Is the Fed going to cut Goldman off? Pursue them in court? Or did they just get $30MM for free?
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Mar 18, 2020 00:03
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