Let's all climb mountains in 2016 -- no matter how much higher they get and how much shorter you get!
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Yes, thanks, ciciagt. I went back to the site and looked around a bit more and discovered I could read some posts and found the one you mentioned. Poor Bruce, but where there's life, there's hope! Miracles DO happen, so let's all just keep on sending our prayers in his direction. I do believe in the power of prayer.
Newly
when in Rome. . .er. . .Spain, do as the Spaniards do and enjoy a lovely midday siesta!
Have a wonderful trip, Shelly, and don't worry, iHub will still be here when you return, LOL.
Newly
OK, thank you so much ciciagt. I couldn't see that message, I guess because I'm not registered on that site. Would it be possible for you to post to his wife and give her a link to Bruce's thread here so she can keep us posted? So good to know he is still hanging in there and our prayers have helped. I wonder if he will still be included in that Duke University study that has had such success in treating this disease. . .
Newly
NEWS!
Here is a link to the facebook page Bruce's wife posts on. Last post May 5th and nothing since.
https://www.facebook.com/pages/Bruce-Thompson-Glioblastoma-Fight/725371917561421
They give a mailing address and request cards be sent but I hesitate because that post is 2 months old and things may be very different now. Could someone who is registered on facebook post to his wife and ask for news? Maybe give her a link to Bruce's thread here to update all his iHub friends?
Newly
PS Some really nice pictures of Bruce there. . .
It is easy to discount/disparage others' opinions by negative labeling, thereby diluting their effectiveness. Calling someone with a negative outlook on a stock a 'basher' is one example. It is this sort of negative labeling that leads to much of the name-calling on this site. Both pumpers and bashers are equally guilty of this tactic IMO. Long/short sentiment and logic gets lost in the labeling. That said, IMO the difference between a long/short and a pumper/basher is merely on one hand the poster's desire to express their POV and OTOH a desire to manipulate others' opinions and actions.
Newly
Did they ever say they had contacted him?
Newly
Does anyone that Bruce built his Terminators for have a phone number for contacting him? I used to but no longer do. We haven't heard anything in quite some time. Does anyone know the name of the town he lived in in Florida, perhaps we could find a phone number for him in the phone book.
Hopefully no news is good news.
Newly
Phil is probably living within his own private firewall now, LOL.
Newly
PS JK. No disrespect meant, we all still remember Phil fondly, especially his barbecue.
Perhaps learning to word your posts so they better conform to the TOS would produce a more favorable outcome and improve your ability to achieve your stated goal of presenting newbies with your version of the truth. Just a thought. . .
Newly
Perhaps it's best to just avoid the grey areas entirely.
Very sensible suggestion.
Newly
"Shorts/longs are scared the direction this company is going in".
I'm curious as to why the above statement is OK. Seems to me the subject is emotion of the shorts/longs, not the company or the stock. If they said "The direction this company is going in has shorts/longs scared." I would say that was acceptable since the subject was the direction of the company. I guess I'm splitting hairs and some interpretation is required, but I'm just trying to understand the TOS better and what I can or cannot post. TIA
Newly
I stand corrected. According to this link so kindly posted by Porgie Tirebiter http://www.sec.gov/investor/alerts/cashaccounts.pdf
while "freeriding" if prohibited by Reg T, and the penalty is a freeze on the account for 90 days, this penalty can be avoided "by fully paying for the securities by the settlement date with funds that do not come from the sale of the securities". IOW, one must deposit new funds into the account to cover the purchase of the second lot, in essence satisfying a margin call.
The SEC does not say these transactions cannot occur, only that if they do occur there is potentially a penalty involved.
Much of the interpretation of these rules is left up to the individual brokers to implement, and obviously their interpretations vary. Some brokers will simply block the sale until the cash has cleared or additional funds are deposited into the account. Your broker apparently allows the transaction then gives you a margin call. Different strokes for different folks, LOL.
One learns something new every day.
Newly
No, not in a cash account where one cannot buy on margin. If he buys the second lot using unsettled cash from the first sale with no other funds in the account, he cannot sell the second lot until the cash from the sale of the first lot clears 3 days later.
Newly
They probably both work in any version of Win, BWDIK.
Newly
Wasn't it Win 8.1 he was asking about?
Newly
Does Control plus the mouse wheel work in Win 8.1?
Newly
Understanding these rules is a royal pain, but also necessary if one is not to run afoul of them.
Newly
BTW, most (but not all) cash accounts are IRAs, and as far as options trading in IRAs goes, brokers vary widely in their interpretation of the rules. My broker says one can trade any option combination in an IRA account with the exception of one that includes selling a Call because a short Call, if exercised, would leave you with a short position in the account which is a no-no in an IRA.
In a margin account the only limitation is that one must have sufficient funds available to meet the maintenance required on that trade, How maintenance is calculated varies from broker to broker.
Newly
We are in agreement, but what you originally stated was not exactly correct.
Here is what I originally said: There is no requirement that the first stock be held for 3 days before sale, only that it is in the account and fully-paid for before it is sold."
You then took issue with that statement and said, Well yeah, it doesn't say 3 days, it says "fully paid for and settled" which means 3 days.
which is not exactly true because "fully paid for and settled" only means 3 days if the stock is bought with UNSETTLED funds. There is no requirement to hold a position for 3 days prior to sale if the stock is bought with SETTLED funds.
Whew, glad we cleared that up, LOL.
Newly
You only have to hold the second buy 3 days if there are insufficient settled funds in your account to cover the purchase. IOW, let's say you sell the stock you held 6 months and receive $5K and have no other funds in the account. You can use that $5K to buy another stock the same day but must wait 3 days before you sell that stock because it takes 3 days for the unsettled funds you used for the purchase to clear.
OTOH, let's say you have $5K in settled funds in the account in addition to the stock you've held for 6 months and you sell the stock for $5K. You now have $5K of settled funds in the account plus $5K of unsettled funds you received from the sale. If you then buy another stock for $5K or less the same day as the first sale you can resell that stock again immediately because you bought it using the $5K of settled funds already in your account, however, if you buy a stock for more than $5K, you are using both settled and unsettled funds and must hold that position until the funds are cleared and the stock paid-in-full (3 days later).
The simplest way to think of it is any stock you are buying with unsettled funds (funds that result from a prior sale and that have not yet cleared in your account) cannot be sold until the funds you used to purchase it have settled and that stock is considered paid-in-full, which usually takes 3 days.
Newly
Actually, my understanding varies from yours and if you read that link you posted closely I think you will agree that if you buy a stock on Monday with sufficient settled funds in your account, it is considered paid-in-full and settled Monday for your end of the transaction (but not for the seller's end since the cash takes 3 days to clear into his account). If you then buy another stock the same Monday, you are now trading with unsettled funds from the first sale which is why you must wait 3 days for the cash to clear into your account and your stock to be considered paid-in-full before you can sell that stock. This is actually silly nowadays anyway since trades can actually clear the same day in this computer age, however, the rules are the rules and have yet to be brought up-to-date (I suspect because someone is benefiting from this but I don't know who!).
But us options traders don't need to sweat that anyway, do we?
You know, to be honest, I never really thought about it because I have always had sufficient settled funds in my cash account and anyway, the cost of an option is miniscule compared to that of trading the stock itself. I really don't know if these rules apply to option purchase/sale trades, but I would suspect they do in cash accounts.
Newly
Under SEC rules if you had held the first stock for more than three days you should be able to buy another stock immediately but you would not be allowed to sell that second stock until funds from the first transaction had cleared (three more days).
That is not what it says in your link regarding cash accounts. There is no requirement that the first stock be held for 3 days before sale, only that it is in the account and fully-paid for before it is sold. IOW, if you have $10K cash in your account and no other assets and you buy $10K of a stock on Monday, you can resell it on Monday, no problem because the cash in your account was available to pay for the stock in full immediately. BUT while you can buy another stock on Monday with those uncleared funds from the first sale, you cannot sell that second stock until it is fully paid for when the first funds clear, which would be 3 days later.
Newly
Not specific to Etrade, but the issue depends on whether you hold the stock in a cash or margin account. In a cash account (such as an IRA) when you sell a stock you must wait for the proceeds to clear before reusing that cash (usually 3 day wait) whereas in a margin account you can reuse the cash immediately up to your margin limit. One caveat is that in a cash account you can purchase another stock prior to the proceeds of the first sale clearing, but then you must hold that second stock until the first funds clear and it is paid-in-full before selling that stock.
Also significant in a margin account is whether or not you meet the minimum requirement of $25K balance in the account in order to avoid the Pattern Daytrader rules restricting trades to no more than 3 roundtrips completed in 5 days.
Hope this helps.
Newly
I'm running XP (yes, still, LOL), so I don't get updates, but I did have a problem with the computer slowing down after downloading the latest version of Flash, and had to delete it to solve the issue.
Newly
Well, that explains it! Thought I was maybe missing something, LOL.
Newly
Your profile says you don't moderate any boards so I guess you're good to go, or am I missing something?
Newly
Hi, ico. I do read this board daily, but since I trade 99% options only (and about 80% of that is SPY short Puts) I really don't have much to post here or anywhere else for that matter. That said, I do like to keep track of old 'friends' and touch base from time to time. Amazing how many of us are still around (and still trading) after all these years!
Newly
PS Aren't Shelties just the smartest dogs ever? My Brandy passed at 15 1/2 back in '05 and I simply haven't been able to bring myself to get another dog yet!
That photo is waaaaaaaaaaaaaaaaaay old, George, although I still look pretty much like that -- in my dreams, LOL. Yes, Greece is what is causing the volatility IMO, but should be sorted out soon now. Personally as an options daytrader, I prefer volatility and am having the best month I've had in a long time. Hope you are doing well.
Newly
PS I still look back fondly to my years living on Paros (in Naoussa, a small fishing village). Noussa moo aresei para poli. I still remember some of my Greek but hard to write it without using the Greek alphabet.
Greece, George, Greece!
Newly
PS Kalimera epises, Jorgos. Ti kanes?
You'd think the CEO of a company would have better things to do than spend his time posting on a MB -- oh, that's right, this is Pennyland, LOL.
Newly
. . .have your engrish parsed. . .
Oh, my Heavens, I would never in my wildest dreams have thought Edward would go around parsing engrish. How dare he? LOL
Newly
Thank you for the clarification, Dan. That was what I originally thought before the question came up here as to whether a Mod who is also an IRP could be criticized on the MB the same as a company employee.
Newly
So you're saying basically the same rules apply to comments on a MB about IRPs that are Mods as about executives of the company?
Newly
Interesting POV. Wonder if Admin views them that way. . .
Newly
Your posts probably get deleted because the subject of the board is the company and the stock, not the mods. Also, deletions are not the subject of this board. All posters can PM Admin any time. Try it, you'll like it.
Newly
I downloaded a new Flash in Firefox a few days ago and my computer was noticeably slower for days afterwards indicating some sort of conflict. Finally realized it was the Flash and deleted it and all is well again.
Newly
I've cancelled all my store credit cards and put a lock-down on my credit so hopefully scammers cannot open new credit in my name. Don't know if any of this really works but ya gotta do something!
Newly
Yup, I've been caught in two of those so far, Target and Home Depot, probably more I don't know about, LOL. I'm thinking Social Security may have to issue all new numbers one of these days if this keeps up.
Newly
What's an OPM hack?
Newly
I was thinking the same thing. My old Sony has Win95 on it, but I could wipe the drive and start over with an install of Win10 I suppose. I don't use that computer, it just sits in the garage waiting for ???
Newly