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07-30-2009, 11:38 AM
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#1976 | | I STILL don't get it
Join Date: Sep 2005 Location: vancouver
Posts: 470
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Originally Posted by Carl Johnson  there are about 1.2 billion shares outstanding for the shorts on C, what do you think they are doing today? | what does that mean exactly? how does that make the stock price of citi go up?
sorry...sort of a noob here.
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07-30-2009, 11:51 AM
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#1977 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
Posts: 8,236
Thanked 934 Times in 374 Posts
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Originally Posted by leilomo what does that mean exactly? how does that make the stock price of citi go up?
sorry...sort of a noob here. | To short a stock, you borrow shares from your broker and sell it high. As the price of the stock falls, you buy it back at the lower price and return the shares to your broker. You keep the difference in price.
However, if you borrow shares from your broker, sell it and the price goes up, you have to cover. Meaning you have to return the shares you borrowed back to the broker. You buy it back at a higher price driving the stock price up even more.
__________________
"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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07-30-2009, 01:26 PM
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#1978 | | Captain Happy Bubble is my Homeboy
Join Date: Mar 2003 Location: vancity
Posts: 327
Thanked 12 Times in 8 Posts
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Did anyone catch the INSANE climb on GGC? From $0.33 to $19.9 in TWO DAYS.
If you even spent just $1,000 on it...
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07-30-2009, 01:49 PM
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#1979 | | Everyone wants a piece of R S...
Join Date: Apr 2001 Location: Burnaby
Posts: 384
Thanked 52 Times in 4 Posts
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Originally Posted by Scudz Did anyone catch the INSANE climb on GGC? From $0.33 to $19.9 in TWO DAYS.
If you even spent just $1,000 on it... | 1-for-25 reverse stock split
and up over a hundred percent after split
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07-31-2009, 12:32 AM
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#1980 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
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Play the hype (rallys) on pharmaceuticals before important dates that's how I do it haha.... currently with tdwaterhouse, starting commission is shit but 30 trades after, $10... and no wash trades also  | |
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08-03-2009, 05:53 AM
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#1981 | | 14 dolla balla aint got nothing on me!
Join Date: Jan 2003 Location: Vancouver
Posts: 635
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did you guys change more $cdn to $us? the rate seems pretty good now
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08-04-2009, 10:56 AM
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#1982 | | I STILL don't get it
Join Date: Dec 2006 Location: Richmond
Posts: 473
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Originally Posted by Scudz Did anyone catch the INSANE climb on GGC? From $0.33 to $19.9 in TWO DAYS.
If you even spent just $1,000 on it... | lol right now it is INSANE.. $40+
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08-05-2009, 12:30 PM
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#1983 | | My dinner reheated before my turbo spooled
Join Date: Nov 2006 Location: Vancouver
Posts: 1,720
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AIG is doing beautifully today
__________________ Quote:
If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
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08-05-2009, 01:28 PM
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#1984 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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I love my JPM and GS and my CAD position.
NOW START PAYING DIVs you cheap fucks, I need more capital gains for the Canadian Rich Assholes's cut lol.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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08-06-2009, 12:11 PM
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#1985 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
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the market sentiment is too bullish...i dont like that..no balance right now...bad shit happens when its like this. Just a feeling i had to share.
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08-07-2009, 09:14 AM
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#1986 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
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Not fun being a bear these day.
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08-07-2009, 12:21 PM
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#1987 | | I *heart* Revscene.net very Muchie
Join Date: Sep 2004 Location: Vancouver
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anyone remember how long it took for their td waterhouse account to be activated?
i just went to td yesterday to actually open a td bank account + waterhouse, sucks waiting
on a side note: i hope everyone's makin a ton of cash 
looks like there's the usual selloff right now though
as well, i hope MFC goes to the teens, but i highly doubt it | |
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08-08-2009, 08:19 PM
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#1988 | | My dinner reheated before my turbo spooled
Join Date: Nov 2006 Location: Vancouver
Posts: 1,720
Thanked 2,116 Times in 382 Posts
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Originally Posted by Jackwimmer anyone remember how long it took for their td waterhouse account to be activated?
i just went to td yesterday to actually open a td bank account + waterhouse, sucks waiting
on a side note: i hope everyone's makin a ton of cash
looks like there's the usual selloff right now though
as well, i hope MFC goes to the teens, but i highly doubt it |
this really depends
it shouldn't take that long.. about two to 3 business days.. if you're talking about the web broker.. then yah..
Active trader is a different story though
__________________ Quote:
If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
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08-10-2009, 10:14 AM
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#1989 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,404
Thanked 2,872 Times in 1,155 Posts
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wow @ fannie and freddie
i knew i should have traded these when they were around .500 last week
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08-12-2009, 12:50 AM
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#1990 | | Captain Happy Bubble is my Homeboy
Join Date: Mar 2003 Location: vancity
Posts: 327
Thanked 12 Times in 8 Posts
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Originally Posted by Jackwimmer anyone remember how long it took for their td waterhouse account to be activated?
i just went to td yesterday to actually open a td bank account + waterhouse, sucks waiting
on a side note: i hope everyone's makin a ton of cash
looks like there's the usual selloff right now though
as well, i hope MFC goes to the teens, but i highly doubt it | TD Waterhouse sucks. Because of their trade commissions. It takes about 2-3business days to open. But if you've got the $$$ and push the guy who helped open the account, it can be done in a day.
Good news is that TOS has been bought by TD Waterhouse. Hopefully the rates will go down and they keep the platform.
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08-12-2009, 09:36 AM
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#1991 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
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Originally Posted by Scudz TD Waterhouse sucks. Because of their trade commissions. It takes about 2-3business days to open. But if you've got the $$$ and push the guy who helped open the account, it can be done in a day.
Good news is that TOS has been bought by TD Waterhouse. Hopefully the rates will go down and they keep the platform. | TOS being bought by TD will probably increase its fees and dumb down the platform lol
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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08-12-2009, 04:57 PM
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#1992 | | I *heart* Revscene.net very Muchie
Join Date: Sep 2004 Location: Vancouver
Posts: 3,577
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how much exactly do u guys get charged if u don't have 100k at td?
it says 34 + .0x on a sheet i got
but on the webbroker it says $29? lol (well if it's under 30 trades a quarter...but how do they know?)
it does sound rather expensive unless ur an active trader..
anyways, looks like banks will be up tmrw pending disastrous news after cnbc released that john paulson is long banks...
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08-12-2009, 10:26 PM
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#1993 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
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Like I said the shorts are still going to get run over. Too much talk about this 5 - 8% correction makes me think either we get a very minor one or we got a normal correction which could takes us down to the 920 - 930 area but so far it doesn't look like it's going to happen. If retails sales coming in as expected or better I can see FAZ down a good 3 - 4% pre-market.
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08-13-2009, 12:29 PM
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#1994 | | I *heart* Revscene.net very Muchie
Join Date: Sep 2004 Location: Vancouver
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looks like great news today from LVS...
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08-13-2009, 01:49 PM
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#1995 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
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Originally Posted by Carl Johnson Like I said the shorts are still going to get run over. Too much talk about this 5 - 8% correction makes me think either we get a very minor one or we got a normal correction which could takes us down to the 920 - 930 area but so far it doesn't look like it's going to happen. If retails sales coming in as expected or better I can see FAZ down a good 3 - 4% pre-market. | retail sales was down (even with the clunker program), intial claims up, foreclosures up...markets up...what does that mean?
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08-13-2009, 05:49 PM
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#1996 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
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People who try to pick the top and fight the trend will usually get hurt. I really love how it takes forever for traders/investors to turn bullish but very quickly turning bearish when they just see one piece of negative news.
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08-17-2009, 08:49 AM
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#1997 | | Unauthourized Spammer
Join Date: Jun 2005 Location: .
Posts: 494
Thanked 64 Times in 20 Posts
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Originally Posted by Carl Johnson People who try to pick the top and fight the trend will usually get hurt. I really love how it takes forever for traders/investors to turn bullish but very quickly turning bearish when they just see one piece of negative news. | Good thing I was bearish as hell on the double top of 1014 on the S&P. Not only did I make back my loss from a few weeks ago, I also made enough to pay off the POS apartment I just purchased.
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08-17-2009, 09:26 AM
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#1998 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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I am over 300 base points ahead on my futures
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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08-17-2009, 10:34 AM
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#1999 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
Posts: 1,650
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Originally Posted by Chuck Norris Good thing I was bearish as hell on the double top of 1014 on the S&P. Not only did I make back my loss from a few weeks ago, I also made enough to pay off the POS apartment I just purchased. | Well done but unfortunately not many people's account are as steep as yours lol.
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08-17-2009, 10:36 AM
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#2000 | | Unauthourized Spammer
Join Date: Jun 2005 Location: .
Posts: 494
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Originally Posted by Carl Johnson Well done but unfortunately not many people's account are as steep as yours lol. | True, but the losses aren't as bad either | |
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