Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[pavyracer]

Market held its ground the last 2 days with bad news. Any news on Monday will propel it higher. The shorts will panic with a good news announcement and will run for cover.

[CanuckG]

good stuff canuck...50% capacity eventually turns into 100% capacity in these casinos... and just think of all these new people getting into horse racing/gambling instead of going to nba/nhl/mlb games
it's amazing how many people i've talked to in the past month that are into penn national and casino stocks, if i would've asked them a year ago those same guys would've said "wtf is that?"

And with the news Vegas will reopen June 4 I am liking $RRR and $MGM to move up. I think were in a good position as the months go by.

[Iona]

Earning releases for next week:

[pavyracer]

Costco profits should be through the roof. They sold a lot of toilet paper and paper towels for a large profit margin.

[milwaukee mike]

Costco profits should be through the roof. They sold a lot of toilet paper and paper towels for a large profit margin.

it's not a coincidence that bill gates' dad is on the board... and a lot of microsoft guys too

weird how costco could sell home furnishings/clothes/etc but nobody else could, right? they're also the only national chain that FORCES people to wear masks (mind fukk)... what a coincidence!

[Slurry Pumper]

Anybody here think that the China's move on Hong Kong will eventually cause another big calamity in the world markets? Sure, I have no doubt that there will be a great feel good story coming out of the weekend about the kung flu so the U.S. markets can start off the week with a giant upswing squeezing the short players like myself, hell that's a given, even I lighten up on the short plays a little before the close on Friday and made some long plays on the banks, oil, home builders, and small to midcaps. BUT, the effect of squashing the Hong Kong market on the world's other markets is huge in my opinion. It looks like China maybe made a mistake with the **-flu, but now they are definitely using this chance to kick the world when it is down and become the dominating force for the new century. A move to give the Hong Kongians a biblical commie beat down will reverberate big time around the world, and may start another actual war. With this war, we already know those commie thugs don't care about their own people so the nukes might be flying.

[Iona]

Anybody here think that the China's move on Hong Kong will eventually cause another big calamity in the world markets? Sure, I have no doubt that there will be a great feel good story coming out of the weekend about the kung flu so the U.S. markets can start off the week with a giant upswing squeezing the short players like myself, hell that's a given, even I lighten up on the short plays a little before the close on Friday and made some long plays on the banks, oil, home builders, and small to midcaps. BUT, the effect of squashing the Hong Kong market on the world's other markets is huge in my opinion. It looks like China maybe made a mistake with the **-flu, but now they are definitely using this chance to kick the world when it is down and become the dominating force for the new century. A move to give the Hong Kongians a biblical commie beat down will reverberate big time around the world, and may start another actual war. With this war, we already know those commie thugs don't care about their own people so the nukes might be flying.

I am extremely concerned about the China / USA rhetoric. And, yes the Hong Kong situation is worrisome; HK markets tumbled 5% on Thursday evening (Friday for them).

Last year the above would have caused US markets to tumble. It seems equities are solely focused on Covid-19.

Many feel a war with China is inevitable. I pray they are wrong.

[Fred The Hammer]

I hope the below answers your question. In my case Schwab notified me that my account has been designated a Day Trading Account pursuant to SEC rules. Normally I do not day trade, but on one afternoon several years ago I made several round term trades on DIA. The following morning I received the alert from Schwab.

FINRA rules define a pattern day trader as any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the customer’s total trades in the margin account for that same five business day period. Customers should note that this rule is a minimum requirement, and that some broker-dealers use a slightly broader definition in determining whether a customer qualifies as a “pattern day trader.” We recommend that customers contact their brokerage firms to determine whether a broader definition applies to their trading activities.

When you meet the Day Trading thresholds, they (in my case Schwab) will designate your account as such.


Minimum Equity Requirement: The minimum equity requirement for a customer who is designated as a pattern day trader is $25,000. This $25,000 requirement must be deposited into the customer’s account prior to any day trading activities and must be maintained at all times. A customer cannot fulfill this $25,000 requirement by cross-guaranteeing separate accounts. Each day trading account is required to meet the $25,000 requirement independently, using only the financial resources avail- able in that account.
If a customer’s account falls below the $25,000 requirement, the customer will not be permitted to day trade until the customer deposits cash or securities into the account to restore the account to the $25,000 minimum equity level.


Day Trading Buying Power: A customer who is designated as a pattern day trader may trade up to four times the customer’s maintenance margin excess as of the close of business of the previous day for equity securities. If a customer exceeds this day trading buying power limitation, the customer’s broker-dealer will issue a day trading margin call. The customer has five business days to meet his or her margin call, during which the customer’s day trading buying power is restricted to two times the customer’s maintenance margin excess based on the customer’s daily total trading commitment for equity securities. If the customer does not meet the margin call by the fifth business day, the day trading account will be restricted to trading only on a cash available basis for 90 days or until the call is met.

Thanks for the feedback! I appreciate it!

[Fred The Hammer]

I am extremely concerned about the China / USA rhetoric. And, yes the Hong Kong situation is worrisome; HK markets tumbled 5% on Thursday evening (Friday for them).

Last year the above would have caused US markets to tumble. It seems equities are solely focused on Covid-19.

Many feel a war with China is inevitable. I pray they are wrong.

Something needs to be done with these people? I love history and if you look back at the 1930s (pre-WW2) then you'll see that the Japanese were slaughtering Chinese at a rate that was every bit as bad as anything the Nazis were doing. We armed the Chinese and helped them fight back the Japanese. We saved millions of Chinese lives so how do they repay us? They send millions of Chinese into North Korea to attack us during the Korean War. President Truman should've taught them a lesson back then! Make the best reasonable guess on where Chairman Mao and his government was located and drop the 3rd bomb on them! If we showed them who Daddy was in 1950 then we wouldn't have many of these problems now. I will vote against Trump, but he's not wrong about China. We need to start shifting factories to Mexico or Ukraine or somewhere. Prices at Walmart will go up, but it will help us in the long run!

[jjgold]

Casinos and airlines will all be below $10 a share by end of year

[guitarjosh]

Thanks for the feedback! I appreciate it!

A quick way around that rule is use a cash account, which isn't subject to day trading rules.

[navyblue81]

Casinos and airlines will all be below $10 a share by end of year

Casinos are a buy when NFL starts back up.

[Iona]

A quick way around that rule is use a cash account, which isn't subject to day trading rules.

Thanks, I did not know this.

I guess when my Schwab account was opened (30 years ago) there was a margin component attached to it.

[guitarjosh]

Thanks, I did not know this.

I guess when my Schwab account was opened (30 years ago) there was a margin component attached to it.

Open a cash account.

[navyblue81]

Got a good tip today. Just invested in Berkshire.

[homie1975]

got a good tip today. Just invested in berkshire.

brk-b ?

[navyblue81]

brk-b ?

Yup

[milwaukee mike]

how did you invest in brk on a saturday?

and i don't get why it's any kind of value, almost half the market cap is cash/banks... if you want to hold cash then hold cash but don't pay a premium for buying it in brk

[navyblue81]

how did you invest in brk on a saturday?

and i don't get why it's any kind of value, almost half the market cap is cash/banks... if you want to hold cash then hold cash but don't pay a premium for buying it in brk

It won’t kick in til Tuesday. I’m just going off a tip I got from someone I trust. It really can’t go any lower and so it either stays status quo or goes back up. It’s already gone through it’s plummet. Those are usually the types of stocks I like to invest in.

[JayLA]

It won’t kick in til Tuesday. I’m just going off a tip I got from someone I trust. It really can’t go any lower and so it either stays status quo or goes back up. It’s already gone through it’s plummet. Those are usually the types of stocks I like to invest in.

Kinda like all of the BkofAma love "womt go lower than 22"
Says who?

Who says there won't be another dip?

[milwaukee mike]

It won’t kick in til Tuesday. I’m just going off a tip I got from someone I trust. It really can’t go any lower and so it either stays status quo or goes back up. It’s already gone through it’s plummet. Those are usually the types of stocks I like to invest in.

i get that but the "it really can't go any lower" argument is kind of silly... they own a lot of terrible businesses at this point... do you really want to make aircraft parts when flights are down 90%?

with all that cash it just seems way too stable of an investment for the stuff you would like... past couple weeks you seem a bit impatient with stuff... brk might be relatively flat for a long time

[navyblue81]

i get that but the "it really can't go any lower" argument is kind of silly... they own a lot of terrible businesses at this point... do you really want to make aircraft parts when flights are down 90%?

with all that cash it just seems way too stable of an investment for the stuff you would like... past couple weeks you seem a bit impatient with stuff... brk might be relatively flat for a long time

Like I said, just a tip I got from a trusted source. That same guy that told me to take Moderna before it spiked 25% and told me to invest in oil and Facebook. So yeah,
I’m willing to take the chance.

[stake1]

I bought William Hill in March. Very happy

[chico2663]

Casinos and airlines will all be below $10 a share by end of year

American Airlines will be first airline in bankruptcy

[milwaukee mike]

Like I said, just a tip I got from a trusted source. That same guy that told me to take Moderna before it spiked 25% and told me to invest in oil and Facebook. So yeah,
I’m willing to take the chance.

fair enough

i just don't see the point of a stock like that when there are opportunities for 4-baggers all over the place

your "trusted source" gave some good picks, but guys here in this thread gave out stuff up 100%-1000% too

[homie1975]

Like I said, just a tip I got from a trusted source. That same guy that told me to take Moderna before it spiked 25% and told me to invest in oil and Facebook. So yeah,
I’m willing to take the chance.

Fantastico! Please keep sharing.

[chico2663]

Got a good tip today. Just invested in Berkshire.

is that like the e.t. you gave me?

[homie1975]

For passive investors looking for an index fund I believe QQQ is the best. Just compare the 5Y chart to DIA and SPY

[CanuckG]

JJ pissed he missed out on the casino stocks.

[milwaukee mike]

JJ pissed he missed out on the casino stocks.

what kind of weirdo gets paid to post on GAMBLING FORUMS and to shill for GAMBLING COMPANIES for 15 years yet still can't make any decent money gambling/stock market/etc

[navyblue81]

is that like the e.t. you gave me?

Et? I never invested in that.

[homie1975]

Navy
Supposedly Motley fool just touted brk-b as a good position to return to so your source might be using them

Just fyi

[Goat Milk]

fair enough

i just don't see the point of a stock like that when there are opportunities for 4-baggers all over the place

your "trusted source" gave some good picks, but guys here in this thread gave out stuff up 100%-1000% too

Such as?

[homie1975]

Boy do I miss the market on weekends and holidays!!

[SBR_Guest_Pro]

what kind of weirdo gets paid to post on GAMBLING FORUMS and to shill for GAMBLING COMPANIES for 15 years yet still can't make any decent money gambling/stock market/etc

not sure he actually gets paid...