1. 12-09-20 09:41 AM #8401
    chico2663
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    Watched video on jmia
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  2. 12-09-20 09:43 AM #8402
    chico2663
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    Quote Originally Posted by RoyBacon View Post
    You know, Fidelity would not allow me to short these penny stocks.

    But Schwab does. They also allow STOP - Open so I can place an order to sell short if the stock is dropping.

    I'm actually starting to really like Schwab.

    Sell Short 30,000 Shares Stop $0.275
    Limit $0.27    		 Day Only 10:33 AM 12/09/2020
    Went on E trade to put sell order on cydy. Back in the black.
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  3. 12-09-20 09:58 AM #8403
    RoyBacon
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    Quote Originally Posted by RoyBacon View Post
    You know, Fidelity would not allow me to short these penny stocks.

    But Schwab does. They also allow STOP - Open so I can place an order to sell short if the stock is dropping.

    I'm actually starting to really like Schwab.

    Sell Short 30,000 Shares Stop $0.275
    Limit $0.27    		 Day Only 10:33 AM 12/09/2020
    So this was filled at .275 and it just kept falling.

    This is a great way to short. You can get whip-sawed though... and I probably will since I posted this. LOL
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  4. 12-09-20 10:09 AM #8404
    Snowball
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    Roy it's still i think unusual to get pinksheet/bb stocks for shorting. The fact that Schwab had this stock available
    for you to short says something. Have you ever entered an short order with Schwab (otcbb/pink only) - and gotten
    the response that none is available to short? or HTB (hard to borrow) ?

    If other Schwab customers are holding this stock in their cash accounts, I think they have to at least legally be offered the
    option not to use their holdings for this lending purpose.
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  5. 12-09-20 10:18 AM #8405
    RoyBacon
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    Quote Originally Posted by Snowball View Post
    Roy it's still i think unusual to get pinksheet/bb stocks for shorting. The fact that Schwab had this stock available
    for you to short says something. Have you ever entered an short order with Schwab (otcbb/pink only) - and gotten
    the response that none is available to short? or HTB (hard to borrow) ?

    If other Schwab customers are holding this stock in their cash accounts, I think they have to at least legally be offered the
    option not to use their holdings for this lending purpose.
    This was the first time at Schwab I tried.

    There was a box to check that you agree to rent the short for .34 a day or whatever. I shorted 140k and it was $2 a day.

    I had trouble at fidelity buying a preferred on ET. Tried it at Schwab, no problem-a.

    BTW, I'm back from vegas. Closed out my tsnp short.
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  6. 12-09-20 10:51 AM #8406
    chico2663
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    Quote Originally Posted by Snowball View Post
    Roy it's still i think unusual to get pinksheet/bb stocks for shorting. The fact that Schwab had this stock available
    for you to short says something. Have you ever entered an short order with Schwab (otcbb/pink only) - and gotten
    the response that none is available to short? or HTB (hard to borrow) ?

    If other Schwab customers are holding this stock in their cash accounts, I think they have to at least legally be offered the
    option not to use their holdings for this lending purpose.

    food for thought. Any stock in a 401k and certain retirement accounts can't be shorted. Any other can be unless a sell order in. i have 1500 in cydy with e trade. i put a sell order for 300 a share on cydy. i have 800 with td ameritrade that is a sep. i don't have to put an order in.
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  7. 12-09-20 10:58 AM #8407
    RoyBacon
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    Quote Originally Posted by chico2663 View Post
    food for thought. Any stock in a 401k and certain retirement accounts can't be shorted. Any other can be unless a sell order in. i have 1500 in cydy with e trade. i put a sell order for 300 a share on cydy. i have 800 with td ameritrade that is a sep. i don't have to put an order in.
    Etrade invited me to take a long hike on a short pier after a few wires from Coinbase & Bitfinex. Fuggers rejected the last one.

    I liked the old circa 1996 eTrade website. So easy finding stuff, tax records, transfers, etc.
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  8. 12-09-20 11:45 AM #8408
    Snowball
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    Quote Originally Posted by chico2663 View Post
    food for thought. Any stock in a 401k and certain retirement accounts can't be shorted. Any other can be unless a sell order in. i have 1500 in cydy with e trade. i put a sell order for 300 a share on cydy. i have 800 with td ameritrade that is a sep. i don't have to put an order in.
    I've heard that, and yet I've also heard it doesn't matter. What used to matter is held in cash or margin, or even if you don't have a margin account, but only a cash account - that your shares could not be lent. For example, if I owned a pinksheet that is not marginable but my account is a margin acct, they could lend it to Roy. But, if I only have a cash account, they could not. I feel like asking because it's been a long time since I was concerned about non-marginable "securities".
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  9. 12-09-20 12:35 PM #8409
    Slurry Pumper
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    Looks like we may have the makings of a reversal day. I've been waiting for things to go to shyt, and this may be the day it starts for a little while.
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  10. 12-09-20 12:44 PM #8410
    RoyBacon
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    Quote Originally Posted by Slurry Pumper View Post
    Looks like we may have the makings of a reversal day. I've been waiting for things to go to shyt, and this may be the day it starts for a little while.
    I've squeezed the trigger several times on the way up thinking we have to fill in a little at least. Loser trades.

    I have a hard time thinking we will make a lot of downside progress in the last 3 weeks of '20 against a backdrop of 20 million vaccinations and a trillion in stimulus coming eventually.

    Looks more like good ole fashion profit taking.
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  11. 12-09-20 12:52 PM #8411
    Slurry Pumper
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    Quote Originally Posted by RoyBacon View Post
    I've squeezed the trigger several times on the way up thinking we have to fill in a little at least. Loser trades.

    I have a hard time thinking we will make a lot of downside progress in the last 3 weeks of '20 against a backdrop of 20 million vaccinations and a trillion in stimulus coming eventually.

    Looks more like good ole fashion profit taking.
    Yeah, you're right. I think the same as the Santa Claus thing is real. I'm going to take profits on my SPXU before the end of the day, and tomorrow the SPY will be back around 370. I may even buy UPRO into the close if things look right.
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  12. 12-09-20 12:56 PM #8412
    Slurry Pumper
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    Actually, we may just have a rip your face off rally into the close where the day goes down all day until there is about 20 minutes or so left in the day before the price magically rises to the gap we started at. Keep an eye out for that shenanigans as well.
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  13. 12-09-20 01:00 PM #8413
    chico2663
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    i'm getting bludgeoned today.
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  14. 12-09-20 01:35 PM #8414
    allabout the $$$
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    Quote Originally Posted by chico2663 View Post
    i'm getting bludgeoned today.
    Me too anyone on glsi? If so congratulations on the homerun
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  15. 12-09-20 01:42 PM #8415
    homie1975
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    i've been MIA but glad to see this thread is still rocking. tremendous knowledge in this thread.
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  16. 12-09-20 02:00 PM #8416
    chico2663
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    Quote Originally Posted by allabout the $$$ View Post
    Me too anyone on glsi? If so congratulations on the homerun

    i wish
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  17. 12-09-20 02:01 PM #8417
    RoyBacon
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    Quote Originally Posted by chico2663 View Post
    i'm getting bludgeoned today.
    Started good. But green has turned to red. Nothing terribly bad yet.
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  18. 12-09-20 02:01 PM #8418
    Slurry Pumper
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    Just switched off the SPXU and went with the UPRO into the close for a scalper. I will not be holding after the close so this is just an hour thing.

    Got it at 71.85. I'm wrong at $71.35 and will get out below that number. 1000 shares
    Last edited by Slurry Pumper; 12-09-20 at 02:05 PM.
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  19. 12-09-20 02:12 PM #8419
    Slurry Pumper
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    Quote Originally Posted by Slurry Pumper View Post
    Just switched off the SPXU and went with the UPRO into the close for a scalper. I will not be holding after the close so this is just an hour thing.

    Got it at 71.85. I'm wrong at $71.35 and will get out below that number. 1000 shares
    Trade is going my way so I moved a stop loss up to the entry point for now.
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  20. 12-09-20 02:17 PM #8420
    Snowball
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    AMZN chart looks very weak.
    The market is tired.
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  21. 12-09-20 02:18 PM #8421
    Slurry Pumper
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    Quote Originally Posted by Slurry Pumper View Post
    Trade is going my way so I moved a stop loss up to the entry point for now.
    Where goes that idea. Still didn't lose anything.
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  22. 12-09-20 02:31 PM #8422
    Slurry Pumper
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    Trying it again at $71.35 (low of the day). 1000 UPRO
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  23. 12-09-20 02:35 PM #8423
    Slurry Pumper
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    Quote Originally Posted by Slurry Pumper View Post
    Trying it again at $71.35 (low of the day). 1000 UPRO
    top out at 71.70 so I sold at 71.65. Whatever, I'll take the $300 and run.
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  24. 12-09-20 02:55 PM #8424
    RoyBacon
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    Nasdaq down.... dbl gulp -300.

    A little spotting going on...
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  25. 12-09-20 05:12 PM #8425
    Crusherrr
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    Uhhhhh- TSNP down to .02 after hours. -95%. Did I really just lose $4,000 in one day on this.
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  26. 12-09-20 05:23 PM #8426
    allabout the $$$
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    Quote Originally Posted by Crusherrr View Post
    Uhhhhh- TSNP down to .02 after hours. -95%. Did I really just lose $4,000 in one day on this.
    Lol it was a glitch. Did you watch the conference call
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  27. 12-09-20 05:53 PM #8427
    kaliboyz
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    Conferences call was good.. Their Market place will be the Silkroad 2.0 in a legal version. Check out their site... The market place is up...
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  28. 12-09-20 06:02 PM #8428
    Crusherrr
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    Quote Originally Posted by allabout the $$$ View Post
    Lol it was a glitch. Did you watch the conference call
    I was sweating bullets.
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  29. 12-09-20 11:59 PM #8429
    chico2663
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    Quote Originally Posted by RoyBacon View Post
    Nasdaq down.... dbl gulp -300.

    A little spotting going on...
    Tsla shit the bed. Did they issue more shares?
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  30. 12-10-20 08:06 AM #8430
    Madison
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    [QUOTE=chico2663;29948096]food for thought. Any stock in a 401k and certain retirement accounts can't be shorted. Any other can be unless a sell order in. i have 1500 in cydy with e trade. i put a sell order for 300 a share on cydy. i have 800 with td ameritrade that is a sep. i don't have to put an order in.[/QUOTE1

    Regarding 401K etc and shorting. Can't you use Powershares etf's?
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  31. 12-10-20 08:13 AM #8431
    allabout the $$$
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    Quote Originally Posted by chico2663 View Post
    Tsla shit the bed. Did they issue more shares?
    Accident with one of their cars in South Korea. Under investigation for faulty driving system. 1 fatality that supposedly happened when the car went out of control and burst into flames. Took over an hour to put the fire out
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: chico2663
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  32. 12-10-20 09:06 AM #8432
    kaliboyz
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    $TSNP updates:
    retired 89mil shares of the OS...
    $50mil warrants has been bought by the Advisor that owned Forwardly. 2 years term.

    Cooking something good...
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  33. 12-10-20 09:29 AM #8433
    Snowball
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    Breaking - Airbnb indicated to open at $150, IPO was priced at $68

    this is literally a P/E Ratio of 300 based on 2020 earnings.
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  34. 12-10-20 09:31 AM #8434
    Snowball
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    Breaking Natural Gas
    stockpiles fell 91 bcf last week.
    better than expected.
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  35. 12-10-20 09:34 AM #8435
    Crusherrr
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    You boys are either going to make me a fortune- or lose a fortune.
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