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Stock Thread (17 Viewers)

Same here.  Love TaxCut. 

Before the upload days I'd use one line per stock and per short or long term.  Used the Var-S or L for most of the dates.  Not what the IRS prefers, but I made sure the totals match what TD reports to them and kept it simple.  They never questioned it and it always passed the computer screening.  
It probably helps that almost all of my sales in the taxable brokerages last year were short term. 

That will be the case this year too.  

 
Looking like a strong opening for Chetodyne.

$6.41 bid, also reading that german market price was high 6's (in US $)

 
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Biotech stocks are all rocketing right now. I should have made some short term plays in there but I guess I’ve got enough CYDY that I have taken a big bet.

It’ll be a fun day when there’s an up listing and great trial results. 

 
What do margin mean?

At least the trades that put me over the edge was adding 4000 more CYDY at 5.94

My first foray into CYDY in my cash account. the other 20K shares all in my Roth
Margin gives you the ability to sell stocks that haven't settled yet with triggering the violations.

 
6.65 currently pre-market. 6.70 ask.  
6.75
I've been buying 100 shares at close every day and then selling into the pop and then accumulating on the pullback.  I haven't done particularly well hitting the peaks and troughs on this, but the adding 100 shares at close has worked out well.  Maybe move that up to buying 30 min before close as others now seem to be buying at the end of the day.

 
Margin gives you the ability to sell stocks that haven't settled yet with triggering the violations.
exactly. And I have margin account that has always had and continues to have an extremely large balance available. I thought that would cover/prevent "free rides"

 
exactly. And I have margin account that has always had and continues to have an extremely large balance available. I thought that would cover/prevent "free rides"
Were you messing with TVIX at the time?  That erodes away you margin to nothing

 
Re: CYDY Vote

Proposal(s)

1.

Approval of an increase in the total number of authorized shares of common stock to 800,000,000 shares.

2.

Adjournment of the Special Meeting.

 
Re: CYDY Vote

Proposal(s)

1.

Approval of an increase in the total number of authorized shares of common stock to 800,000,000 shares.

2.

Adjournment of the Special Meeting.
What happens to existing stock when this happens?  Just a price decrease?

 
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Barely at all in that account. And I got no warnings of violations. I assumed the margin was covering that stuff.

This is like my wife dropping me off at the strip club, then yelling at me for looking at another woman's tittays
You need to call them.  I suspect you could get it waived or changed to a warning.

I do know that if you have leveraged assets in your account the margin gets gobbled right up.  I can't short in my account, but I believe you are sitting on some short positions.

 
What happens to existing stock when this happens?  Just a price decrease?
Might not have any effect at all. It’s basically a way for the company to sell shares at the current price, but it becomes cash in hand so while shares are “diluted”, technically speaking the company’s value has just increased by that cash so it’s usually a net zero. This typically happens when the stock goes up a lot and the company wants to take advantage. They could also use some of those shares for compensation which pretty much does dilute. This matters way less IMHO than up listing and trial results. Those will drive the price not the additional shares. This 100M shares was a thing before this price run up so honestly it’s already baked in. 

 
Yes except its already been priced in and the money could be used to grow the business.
I don't know if it is fair to say that it has been priced in (the actual issuance).  Awareness of the potential for dilution is known and priced in.  Result of the vote, how many shares actually issued, at what price, etc still TBD

Sort of like saying the covid trial results are priced in.  Awareness of the trial and potential for success is priced in.

My two cents

 
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You need to call them.  I suspect you could get it waived or changed to a warning.

I do know that if you have leveraged assets in your account the margin gets gobbled right up.  I can't short in my account, but I believe you are sitting on some short positions.
I doubt I have more 5-10% of my account in shorts and never more than that much of my margin balance. I play that account pretty straight, which is why its only of 20% this year.

 
In terms of the vote, I am initially inclined to vote no.  They haven't given any specific reasons for the increase and to me, it seems likely that they will pay themselves in stock.  I am all for executives getting rich but I think they should do it more by increasing the stock price rather than paying themselves stock bonuses.

We have just about a month to decide.

 
BA August 225 call is at 4.75 today.

That is a nice premium considering the stock would have to move 30% to have  shot at being called. At my cost basis that is just a little over 4.7% Yield on 2 months if it expires worthless. 

Do we feel like BA can move 30% in 2 months? Who the hell knows in this news driven market. 

I may wait for a green day in BA to get a juicer premium. I think odds are it does not move 30% in under two months. 

 
In terms of the vote, I am initially inclined to vote no.  They haven't given any specific reasons for the increase and to me, it seems likely that they will pay themselves in stock.  I am all for executives getting rich but I think they should do it more by increasing the stock price rather than paying themselves stock bonuses.

We have just about a month to decide.
Let us know what you decide.  I'm voting how you vote.

 

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