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heheh. yah, he's pretty handy with tech, been riding the crest for years. skills to pay the bills. :)
spirilis has yoda-like qualities. good guy.
CCME, look at that volume spike! Skeet skeet
CCME makes me happy in the pants.
This market is a giant poopy diaper.
CFW nice comeback. Still waiting on news....
On Scottrade, there's no defined time period in their fine print. It's strictly at their discretion. Margin calls are to be resolved "immediately" is the timeframe they say. Usually this is taken to mean 1-3 days, but you're at their mercy.
Whenever I use margin, I justify the entry into that position as:
1- All my currently deployed capital is allocated into good positions. If there's dead-weight in my portfolio or something I've been holding off on selling but hasn't been working, I'd rather sell that position and load up using that cash.
2- If I'm still wanting to buy something and I haven't freed up enough by liquidating stinkers, I make sure what I want to buy is a high probability *trade*. I'd want something where I was entering at a price that is at/near support (so the stop isnt too far below it in terms of % loss if I stop out) and also where the stop should only get hit if the chart breaks down.
3a- Operative word above, trade. I only trade on margin - not invest, so I keep the trade on only as long as it makes sense to be in the trade. When I'm dipping in margin, especially for the trade I bought on margin, I use short term indicators. Specifically fast+slow stoch and 4-9-18 crossover. If I was willing to gamble with borrowed money, that needs to pay or I'm out. I won't take much loss on margin. My other personal trades I can afford to give more room if I have purchased them for fundamental reasons.
3b- While using margin, its common to watch carefully just what you bought on margin. Don't fall into that trap. You have to also be careful with all your other positions - anything which is marginable breaking down will eat away at your breathing room. You must be disciplined with all positions when you're using margin! Other positions is the other reason I don't like ever getting deeper than 50-60% into marginable buying power.
Hope this helps.
Best way to use margin? Carefully.
You either need to be ready to put up cash to cover, or be willing to trade technically, no exceptions. Use stops. Also, don't margin to the hilt. If you can margin $10K, use $5-6K max. Give yourself breathing room.
Also, a final word. Don't bottom fish it. Don't get leveraged into a down market. Get out ASAP (see above: technical) if the whole market is crapping out.
Days like today, you can leverage in on a TRADE and ride the momo.. with a TIGHT STOP. Don't let leverage work against you. It hurts bad.
C is definitely interesting at these levels...
My understanding is that there are minimum standards for brokerage firms have to enforce but they're overly lenient and most brokerages choose to apply additional limits to protect themselves and other things based on internal risk models.
I know for example that Scottrade imposes limits on margin maintenance levels based on prices. I'm sure there's an "adverse conditions" or "adverse risk" type clause in your contract with TDA that allows them to demand margin at different levels than they might otherwise.
So, short answer, yes, they're probably being jerks, but I'm sure its fully allowed in their contract. You'll have to review the fine print at TDA and see if they provide any further guidance on their policies.
Wow, big pop on CFW. Sup?
In MPG @ 1.58
Yeah, funny too given the Bernanke/Senate news.
HMMMMMMMMM.
Yes it is. Gotta play smart.
Nasty drop from a slightly green morning.
GGWPQ might be starting another stage2 run
What's up with CFW?
CCME hanging in there. Sitting pretty on my shares from 10.70ish
WSJ NEWSALERT: Republican Scott Brown wins Massachusetts Senate
I wonder if this means tomorrow we see a gusher of a rally, or if today was it.
CCME +18% Wow!
CCME - what a beaut!
CCME, what a great chart. Looking forward to seeing how this one plays this coming week!
Thoughts on CFW? Considering liquidating into more CCME.
Quite a lovely day considering the red tape!
CCME moving VERY nicely. Beautiful!
Bullish CCME article
http://www.benzinga.com/87805/ccme-the-hangover
CCME: People want and DEMAND shares. This things a powderkeg waiting to blow.
CCME is f'n amazing. Wish I would've snagged more yesterday!
N225's definitely a good one to at least have an eye on. Hang Seng (^HSI) and Dow Jones Shanghai (^DJSH) are more direct indicators however.
JTX got wrecked today.
CJHBQ consolidated nicely--looks ready to resume its run!
Hi BMiles, is there a reason those need to touch down to those levels to trigger?
Giggity!
Be careful, big flight to safety going on - look at treasuries.
Limited-time sale on CJHBQ. Added some shares here.
CJHBQ looking great - good accumulation!
It seems a bit early to presume cancellation. My initial review, albeit brief, seems favorable for the shares NOT being cancelled. I haven't ruled out dilution - but again, as you mention, Q's have risks. High risk, high reward. There's a reason the price is as low as it is.
I think the current price of the stock, however, is going at a discount to the actual risk. You may disagree. Opinions may change with the valuation. This is what makes markets. Trade accordingly.
Congrats on your CEMJQ play.
(BTW, I only have 1 post left for today in case I don't respond later this evening.)
My short list: WAMPQ (3.9 -> 100 recently), GGWPQ (.4 - 13), CEMJQ (.05 - 1.20's), GNW (1.20s to 13ish), F, and CENW. 2009 was a monster year - I wish I had more previous experience. I had very, very nice returns for 2009, but I could've made *MILLIONS* had I already been keen to options strategies and TA skills I've acquired during the year and trade mentalities I've picked up this year. Good stuff indeed.
Everyone enjoy their weekend and stay warm. :)