Charles Schwab Corp (SCHW)

[SANDRA11]

So far, looks like that my short is working out. We are not even in September yet.

[OldAIMGuy]

Aw Shucks........



OAG

[SANDRA11]

Well, You are a pioneer of sort yourself.

[OldAIMGuy]

Hi S,
Cash position at Start last Oct was 10% of position and now it's nearly 40% of position - a position that has increased in value by 99%. I smile when they rise and smile when they fall. I only get bored when there's no activity at all. I just manage inventory. Buy from the Scared and Sell to the Greedy!

Best wishes,
OAG
PS: my current trade targets are $77.71 to sell 10% of holding and $57.22 to add 12% to the position. It's a big bracket, so I don't exactly have to watch the Ticker for it.

[OldAIMGuy]

Better to pioneer a trend than ride in the last wagon in the train......


OAG

[SANDRA11]

I like being a pioneer.
52 percent Chace of BK in 2021.
31 PE!!
Easy trade.

[OldAIMGuy]

Hi S-11, Re: Shorting SCHW.................

P/E is rich, Price/Book is also. However, there's less than 1% of float currently shorted here. You're pioneering in taking that position.

https://finance.yahoo.com/m/548d19fc-e329-3dc0-b0e0-b5559816fa79/5-million-people-have-opened.html

They are adding new clients and the Ameritrade merger seems to be going well so far.

Compared to RJF, the P/E seems out of sight. However, Price/Book is not too dissimilar. RJF has nearly twice the short interest as SCHW.

I've had SCHW only since the AMTD merger. I'd owned AMTD for a very long time off and on. Latest ownership started in 2014. I trade around the core position as this histogram shows:



Sell into strength and buy into weakness. Currently with SCHW I've been selling into strength with nine small sales since the position started last October (merger time). The position value has nearly doubled since then. Cash/equiv. is now around 40% of position current value. So, in a way, I hope your prognostication is correct. I'd like to put that cash back to work with more shares at a steep discount.

Best wishes,
OAG

[SANDRA11]

Shorting the over bloated pig.
With 52 percent chance of filling for BK
In 2021, This is an easy trade.
31 PE!!
Really!!
Are they curing cancer now!!

[Nighthawk_1]

I just got off phone with friend of mine. Based on whet he told me, Schwab ripped her off over $13K by not reporting her information correct on the 1099 form sent to IRS. She received a notice in mail from IRS saying that she owed more taxes. She went to an attorney and showed them everything to include the documents proving she had made certain transactions and ended up taking losses on those and entered those losses on her tax form. She said that Schwab employees were rude to her, not wanting to listen to her, so she took it to an attorney. Probably expect a mulit-million lawsuit against Schwab soon.

[Nighthawk_1]

Maybe the IRS should take a closer look at Schwab's accounting, see if there are any errors there. Maybe someone made mistakes on the books.

[Nighthawk_1]

Wonder how much of an impact that's going to cause if they can't get the other 25% back. I know they're not going to recover 100% as this person bought a home plus a car...LOL. Schwab could be owning a home, but if they can't off load it, then they're stuck paying property taxes on it. And then the car, whack 10% right off the bat coming off the show room floor. ALL because someone made an error...LOL.

How many more errors can be expected? What about their accounting? Any errors there?

[Nighthawk_1]

Could it have been a friend? LOL

[Nighthawk_1]

Yeah, sure looking great...LOL

Read the latest story:

nydailynews.com

Former Louisiana police dispatcher arrested after refusing to return $1.2 million accidentally put into account

Due to a clerical error Charles Schwab deposited the extra funds in her account. Spadoni then moved the money to another account which prevented Schwab from retrieving the funds.

Charles Schwab was unable to contact Spadoni regarding the error and filed a lawsuit against her and have so far recovered around 75% of the money.

Yeah, Schwab now giving money away...LOL

[Lime Time]

Looking great here. Goldman Sachs upgraded. Long term solid stock here.

[Nighthawk_1]

Companies who try to hide information and is not transparent, cannot be trusted. Schwab is one of those companies.

[Nighthawk_1]

Time for MMs to become like the Dodo Bird, EXTINCT!!!

[Nighthawk_1]

Know of something that is going to put people, like those working for Schwab out of a job. No more will we have to rely on human-beings manipulating prices on securities.

[Nighthawk_1]

Schwab will be history and obsolete.

[Nighthawk_1]

Friend of mine alerted me to something that not only would help me in what I do, but I can spread the word also concerning Schwab. Not only to the smaller traders, but also to high profile individuals as well. Anyone who uses Schwab is not going to like the information I have.

[Nighthawk_1]

I consider Schwab a company now that cannot be trusted, nor any of the people working there.

[Nighthawk_1]

Schwab evidently made changes to their Website. Now some information not shown, TO HELP THEIR CUSTOMERS, in determining whether to buy or sell.

[Nighthawk_1]

I did not pick up my handle as "Nighthawk" in the military for nothing. People know I have a keen eye, Day or Night, and I make damn sure I don't miss a thing.

[Nighthawk_1]

I will say this, most people may not have noticed, or they did notice, but blew it off as maybe something else.

I have an eye like a hawk. I pick up on things that others don't.

[Nighthawk_1]

You have your own mind, you have your own right, to choose. But in making that choice, do you not want all the information you can so you don't make the wrong choice?

Personally, I'm not supporting or buying a single share. But I will inform people of what I have noticed and seen.

[Nighthawk_1]

I'm the type of person who can't sit by and watch people get hurt or ripped off by anyone. If I see or even suspect something is wrong and I have the information to show, I will say something or do something.

[Nighthawk_1]

Like I said, and you know as well as anyone else, when there is an investigation, details cannot be disclosed.

I can say this, I noticed certain things when I would conducted my trades. Something caught my eye and I began putting together the information I would need to make my case.

I wouldn't be talking and showing even my friends, I wouldn't be saying a damn word, if what I was seeing was not happening at all.

[Nighthawk_1]

If I did not believe it were true, I wouldn't be saying a single word.

[OldAIMGuy]

What are these activities?

I trade primarily with GTC Limit Orders, so there's not much but "fill" or "no fill" as activities that I see.

OAG

[Nighthawk_1]

Personally, I want these people in Prison for life.

[Nighthawk_1]

If you want to buy into their company, I'm not stopping you. BUT, FULL DISCLOSURE, RIGHT. DUE DILIGENCE, RIGHT. You do have the right to know what it is your buying into.

[Nighthawk_1]

Everyone hates anyone who rips them off. It does not matter to Schwab, they make money either way. And they sit back and laugh at their customers, while their doing it.

[Nighthawk_1]

It's time that someone took a stand and I did. I don't like getting ripped off and hate those who do it.

[Nighthawk_1]

I can't go into details, but I and some others have notified the SEC regarding what we have seen.

Even I have print screened documentation to prove everything I say.

[Nighthawk_1]

What? To get shares at a cheaper price? NO FLIPPN WAY!!!

I have been tracking some activities about Schwab. I've even had some friends of mine over to actually see what I was talking about and they have witnessed. I have heard others complain of the same issues.

Schwab is actually ripping off their customers.

[OldAIMGuy]

Hi NH1,
I seem to miss who it is you are trying to convince.
I can only guess at your motive.
OAG

[Nighthawk_1]

I think that Schwab's customers may want to file a class action.

[Nighthawk_1]

That's OK, we'll see what the SEC finds out. Hopefully, they will be monitoring this company for awhile and see what I have seen in past couple months.

[Nighthawk_1]

I think I need to find a different broker who is not going to screw it's customers.

[Nighthawk_1]

They can't even ensure that information is stated correctly on their Website on the price of securities. I continually see this every day.

[Nighthawk_1]

Correction...would not spend a dime on this.

[Nighthawk_1]

Schwab seems to be manipulating it's own customers. I would spend a dime on this.

[Lime Time]

Charles Schwab reports 75% increase in new brokerage accounts in January 2021 from December 2020. If no one saw this coming, you haven't been paying attention to the market.

[Lime Time]

Buying 1000 shares of this tomorrow on market open. If nobody can see what's going on in the OTC Market, you have not been doing good DD. There is a huge influx of new OTC Investors paying 6.95 per trade on OTC Junk stocks. Just look at the OTC Market. Huge buys in garbage stocks. SCHW can see a 50%+ gain in less than one year. I'm in ::Thumbs Up::

[OldAIMGuy]

I let 5% of my position go with a GTC Limit order of $51.22 today.

OAG Tom

[OldAIMGuy]

Schwab is up nicely (1.82%) in early trading this AM.

Current price $41.86 and still about 5% under my first trimming price.

OAG Tom

[OldAIMGuy]

SCHW is currently showing about 10 days to cover short sells (Short Ratio).

OAG Tom

[OldAIMGuy]

The merger took place today. Shares of my AMTD were exchanged for SCHW.
Best wishes,
OAG Tom

[OldAIMGuy]

Hi B,
I own AMTD and have for a long time. Looking forward to the merger. SCHW was the alternative at the time I chose Ameritrade and now I'll have both. I've had accounts at Schwab for more than a decade and like their site/platform. Also like AMTD's interface.

Before and after the merger I'll continue to trade around the core position.

Best wishes,
OAG Tom

[bschless]

Charles Schwab can be bought cheaply right now, and there’s good reason to do so. People are lining up to enter the stock market., and their merger with TD Ameritrade makes it one of the largest financial institutions in America.

https://afterfurtherreview.online/2020/10/03/charles-schwab-a-value-stock-to-consider-adding-to-your-portfolio/

[Hitman970]

SCHW took it over now it blows.