| Board List | |
|---|---|
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 1:48:21 AM #461 | Ashethan posted... Conservatives can speak all they want. They don't get to expect people to be civil toward them after how they've acted. Maybe your side should've thought about that before you acted all uncivil? We're only treating you the way you want to be treated. After all, do unto others as you'd have them do unto you. We can only assume you want to be treated this way. No one expects that. But neither do they need to vote to confirm someone who's made a name out of insulting people. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 1:30:22 AM #458 | There is a right to speak. That implies a right to speak civilly. And uncivilly. All sides have all of these rights. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 1:26:33 AM #456 | Ashethan posted... Which amendment is that again? First amendment - freedom of speech. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 1:07:45 AM #453 | Ashethan posted... Republicans lost all rights to any civil discourse over the past four years. *Checks the Bill of Rights* Still there. *Checks the Senate* 50% Republican. So I guess Republicans still have rights! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 12:44:09 AM #450 | LordoftheMorons posted... i mean, in the sense that any insult is offensive to it's target, sure, but it's a pretty weak reason to tank a nomination. If you were talking to your friends about politics and they offered similar opinions on politicians you probably wouldn't even bat an eye (and certainly wouldn't tell prospective employers that they better avoid hiring them). In that scenario, my friends would not be speaking to the world and definitely not to the person they are insulting. And she isn't interviewing for any private job; this is for a Senate-confirmed position. We just had an election that repudiated the practice of high officers of government insulting people on Twitter. The will of the voters must be respected. In 2024, perhaps they will once again favor candidates who "insult their way to the presidency" but until then civil discourse must reign. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Politics Containment Topic 365: Get those Checks in our Balances |
| red sox 777 02/25/21 12:20:22 AM #448 | LordoftheMorons posted... Tanden's tweets were maybe unprofessional for someone in her position but they were not actually offensive (oh no, she called Ted Cruz a vampire and used the name "Moscow Mitch", the horror). They're not comparable to Trump's tweets or constant targeted harassment. Of course they were offensive. They were intended to offend and they did offend. Is it possible they weren't as bad as Trump? Sure, that could be possible, but he's not exactly someone who should be a standard. He did lose the election, after all. In Trump admin 2.0, she would be a great fit. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 6:57:42 PM #500 | It was way too aggressive a bet. I think it was for the best to close it early. Even if he did double his money, if he goes down this road of YOLOs he will eventually suffer devastating losses. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 6:43:45 PM #494 | Honestly, a 7% loss is a better result than anyone here expected for that trade, after seeing yesterday. It means he got out before yesterday - he'd be down more if he held. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 5:42:29 PM #485 | Must suck to be the CFO who resigned yesterday. It's like the market is saying, this company is worth 3 times what it was now that you left. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:51:46 PM #469 | $200! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:47:11 PM #461 | The thing I'm kinda worried about here is that after hours volume is pretty high. It would kinda suck for the squeeze to happen after hours with the shorts having escaped by market open tomorrow. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:43:31 PM #455 | And now we have breached $150. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:40:30 PM #453 | And welp I don't think I'm going to be able to buy the dip. $132 now in after hours. Oh well then. With my last remaining shares, to Mars! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:25:25 PM #450 | The plan is to be more willing to buy the dips and sell the surges in the future. Psychologically, this is comfortable because I do not have very much money left in GME and even a 100% loss from here would still leave me with a nice profit on GME from before. If I were being totally objective I might buy back in for much more money, but I really don't want to risk more of my winnings lol. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:19:39 PM #448 | Okay, so I do feel quite a bit of regret about (1) not doubling my position when it was below $40, and (2) selling too many shares earlier on the way up today compared to later on the ramp. I still like the ramp idea, but it would have been better if I had sold less shares earlier and more shares later. Also, I should have held onto more shares haha. I guess hindsight is perfect. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:11:30 PM #445 | Although, I feel like this squeeze lasted longer in time than any of the other gamma squeezes. Also the only one to run into the end of the trading day and now we are over $120 in after hours. Almost makes me wonder if this is the long-awaited true short squeeze. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 4:07:17 PM #442 | masterplum posted... Yeah, something fishy with those GME numbers. Massive amounts of buys all came in at the same time Looks like a gamma squeeze, like the other 4 or so. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 3:58:06 PM #436 | This feels like another one of those gamma squeezes we've seen several times in GME. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 3:46:13 PM #425 | Over $90 now. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 3:40:55 PM #422 | Make that $78 for GME. Trading halted for 5 minutes for volatility. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 2:46:04 PM #412 | Er, if you start with 10% margin and don't re-up the margin as your stocks go up then it's fairly safe because you are fairly unlikely to start off by hitting a catastrophic event. But the problem is, if it's a good idea to use 10% margin in 2021, surely it is still a good idea in 2022 and 23 and 24 and so on......so you would just keep using your profits to borrow more margin. Until you eventually will hit a crash, and then it's a question of whether your accumulated extra gains over the years are enough to offset the extra loss from the crash. I mean, I guess you could make these decisions based on portfolio size and years left to retirement - while you're young, you can take on more risk because you have plenty of future work income as a backstop. When you're old and have a lot of assets, don't use margin because it could (even if unlikely) literally be the difference between retiring with multiple vacation homes and boats and living paycheck to paycheck on social security. And I can't imagine an extra boat or 2 is worth that risk. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 2:32:25 PM #410 | A lot of blue chip stocks fell literally 80-90% in March 2020. If you had a retail/travel heavy portfolio, you could have been in serious trouble. Even if you didn't actually get margin called, the experience of watching that crash would have been vastly more stressful - knowing that it does not matter that you are confident the business will survive and come back, if it falls some more tomorrow based on pure fear and deleveraging, you could be broke, even if it immediately recovers. Like, suppose you owned UAL last year, and it lost around 75% of its value. Your 10% margin has now become 40% margin. In the middle of a pandemic with the world shut down. At this point without the margin you would see this as a great buying opportunity, but with the margin you are probably thinking about if you should sell some to bring down the risk because 40% is awfully high. On the other side, how much extra in gains are you really getting with 10% margin? Probably not a lot in the grand scheme of things. Like if I retire with 10 million dollars vs. 11 million dollars, does it really make that big a difference to me? I don't think it's really that big a difference. For me, it's not worth the tail risk of hitting 1929/2008/2020. I mean if the rate is 3 in a century that means we'll probably hit 2 more in my lifetime. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 1:39:32 PM #403 | Yeah it's odd that he hasn't posted here in a couple days. I really hope he didn't get stopped loss out at 95 cents or something. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 11:14:28 AM #400 | Lopen posted... Cash from your checking account you'd use for your bills, cash in the form of a loan you get spur of the moment It seems like 90% invested + 10% margin is pretty similar to 100% invested with no margin. Provided you are planning to use that last bit of cash to cover margin calls, it's basically the same except that you are also paying interest. I mean I agree that it's probably a good idea to have some allocation for cash. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 11:06:42 AM #399 | GME back over $50! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/24/21 1:08:47 AM #389 | Lopen posted... Not really. If you have cash equal to the margin you're using, which is completely reasonable for such a small amount of margin used, you can just deposit cash to be a stopgap while your assets recover I'm sort of confused. If you have cash, why pay margin interest instead of using it in the first place? Keeping the cash in a bank account and paying interest for the margin loan seems strictly worse. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 11:45:00 PM #385 | Edit: I think the calculation was a little more complicated than I realized. I forgot to account for the fact that after the deleveraging, the margin loan is lower. New calculations (it's not as bad as before, but still pretty bad): % Loss | % Gain Needed to Recover 10% | 11% 15% | 18% 20% | 25% 25% | 33% 30% | 45% 35% | 70% 40% | 120% 45% | 270% 50% | Infiniti --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 11:27:14 PM #383 | With 50% Margin, 30% Maintenance Requirement (assuming that you have suddenly declined to the % loss point, and enough stocks are liquidated to bring you back within the 30% margin maintenance requirement): % Loss | % Gain Needed to Recover 10% | 11% 15% | 18% 20% | 25% 25% | 33% 30% | 50% 35% | 100% 40% | 200% 45% | 500% 50% | Infiniti Notice that up through 25%, everything is normal. After that it balloons out to infiniti really fast as margin calls hit. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 11:10:01 PM #382 | The margin probably applies to the whole account. So that's why you can sell winners so that you can maintain margin requirements on losers. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 8:41:22 PM #378 | Yeah, if you are only using a margin loan of 10% of assets that's probably pretty safe. But, it's also not going to juice your returns all that much. And, a Great Depression level event would still wipe you out (if you invested in a Dow Jones index fund with a 10% margin position in September 1929 and broker didn't force sell your positions until you had no equity left in the game, at the bottom in July 1932, after including margin interest, you'd be completely wiped out). Then you'd miss out on the 765x return the DJIA has generated since then. For a slightly better return in the event the 100-year catastrophe event doesn't hit, it's not worth the stress IMO. I mean it may possibly be worth it now while the amount I have invested is small compared to the amount I expect to earn from work in the future, but once that ratio gets higher? Not worth it. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 7:54:55 PM #376 | I think if you exclude sudden sharp drops like today margin probably does not cost EV. Actually, it would probably be +EV in the sense that I very much doubt your margin interest rate would be higher than the long-run stock market rate of return (9%). The problem is that sudden sharp drops like today where it literally reverses within an hour can cause devastation from price movement that may not even get noticed otherwise (because it's reversed by the time you've checked the stock price). Getting a call from them isn't helpful if you don't have any more money to deposit (if you did, one might wonder.....why didn't you use that money to buy stock in the first place instead of borrowing?). Choosing which stocks to sell is more helpful but still not too helpful if many of your stocks decline at once. The problem, and what costs EV, is that sudden severe drops like this morning are not uncommon, and appear to almost be designed for taking out stop loss orders and margin calls and then reversing. It doesn't have to be by design - that is the "invisible hand" of the free market, and the immediate trigger is probably that other people's stop losses and margin calls are hitting, causing a cascading downward movement until they are exhausted. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 7:02:42 PM #373 | Also, today (and the last week) is a good lesson on the dangers of margin. Imagine getting a margin call at the bottom this morning and being forced to sell, only to watch your stocks rebound 10-15% within an hour. Probably happened to more than a few people this morning! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 6:53:29 PM #371 | Also eagerly awaiting the Moonroof update. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 6:46:05 PM #370 | GME's CFO has resigned. I think that's bullish - best if the old management team leaves so that this company can achieve its turnaround. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 12:59:51 PM #350 | Lopen posted... Moonroof always has stop losses If he had a stop loss between $1.18 and $1.04, it would have triggered immediately at open....at $1.04. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 12:48:05 PM #348 | This feels like what happened at the beginning of September. Maybe we'll trade sideways for a couple months. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 10:45:58 AM #336 | Also, shoutout to EXR for being literally my only green stock today. Great earnings report! --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 10:42:35 AM #334 | Thanks to Jerome Powell for bailing out the market this morning. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 10:32:04 AM #331 | As far as I know, Moonroof is still in DNN with a massive bet of like half his portfolio. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 10:14:39 AM #326 | Been placing buy orders on my stocks that are red since market open. Didn't get to opening a position in DNN unfortunately. Sort of frustrated that I had an order to buy more MILE at $15.45 that didn't execute even though the stock traded at $15.25 after I submitted it and now it's at $17.27. I guess when something is moving super fast like that a market order could be better. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/23/21 5:17:03 AM #312 | Wow, Nasdaq futures are blood red again. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 6:01:58 PM #305 | Nanis23 posted... I am still bullish on Nio But Tesla is the mother of all bubbles? What's the difference? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 5:20:21 PM #303 | Nanis23 posted... Oh, no, don't take it personally. I just hate the stock Just because their stock was bad before doesn't mean it will stay that way in the future. Maybe they're getting to the point where 3D printing can start to make money soon? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 4:15:18 PM #295 | Nanis23 posted... Wow this post Could you explain why it's a scam? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 1:55:10 PM #289 | The SEC alleged that XRP is a security, as in, an interest of some sort in or backed by a company. Super risky. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 1:51:26 PM #288 | StartTheMachine posted... Have you all looked at NNDM? 3D printing company that specializes in circuit boards. Cathie Wood and Ark are invested and very bullish, though I imagine lots of hedgies have been taking profits recently. Looking to get in under 10. I was just looking at that last night. Looks interesting, although I don't really know anything about 3D printing so I feel like I'm starting to get too far afield from stuff I know. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/22/21 11:42:43 AM #276 | Rather regretting not selling some crypto yesterday when BTC was at 58k so that I could buy stocks with all this red today. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/21/21 1:24:12 AM #266 | NSCC examined the market activity and clearing member margin requirements to consider whether it would be appropriate to adjust or waive the capital premium charge, as permitted under the applicable rule. NSCC determined that the spike in market volatility, particularly in the so-called meme stocks, was a material contributor to elevated VaR charges for several clearing members, including most of those subject to capital premium charges. NSCC determined that it would be appropriate to waive the capital premium charge for all clearing members, using the discretion provided in the rule to reduce or waive this charge.4 Just after 9 a.m., prior to the market opening at 9:30 a.m., updated daily margin statements reflecting the waiver were released in NSCCs portal and revised excess/deficiency notices were emailed to clearing members. All clearing members timely satisfied their clearing fund requirements. This is from DTCC's letter to Congress dated February 18, 2021. The explanation brokers have been giving about how the trading restrictions were forced upon them by DTCC/NSCC appears not true. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/21/21 12:29:45 AM #265 | FVRR actually looks quite interesting. Has anyone here used them either to hire freelance work or to offer freelance services? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Topic | Stock Topic 22 |
| red sox 777 02/20/21 10:15:11 PM #263 | Yeah, there are thousands of stocks on the market. If you aren't extremely happy with one - just don't buy it and buy something else. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! |
| Board List |