Talking stocks, trading, and investing in general

[GreenFrog]

Lol, the Analyst who raised his TSLA price target to $320 and published the bullish note on the gigafactory is one of the Analysts I was looking up back when I was still interested in equity research for the autos sector.

Adam Jonas. Quite frankly, there aren't many Analysts covering the autos sector and he's one of the bigger names out there.

I would watch his TV / news appearances to gauge his personality and whatnot. But damn, is it really cool to be able to move the market like that. That's why I was initially drawn to ER. The thought of working under an II-ranked Analyst sounded really appealing.

 

[GreenFrog]

Just made several hundred dollars with a 2-minute day trade, lol.

I wish I had an active / day trader platform.

It's stressful setting up your sell order as soon as your buy order gets filled. Those precious seconds can count for a lot!

A click-based system and multiple screens would be nice.

Edit: And of course, it's at $3.49 now. Coulda made over a grand if I held longer. I hate how I can't just be satisfied with what I made. Now it feels like the money I made was all for naught, which is ridiculous..

 

[stevent]



Just made several hundred dollars with a 2-minute day trade, lol.

I wish I had an active / day trader platform.

It's stressful setting up your sell order as soon as your buy order gets filled. Those precious seconds can count for a lot!

A click-based system and multiple screens would be nice.

Edit: And of course, it's at $3.49 now. Coulda made over a grand if I held longer. I hate how I can't just be satisfied with what I made. Now it feels like the money I made was all for naught, which is ridiculous..

Why not just write options? A lot easier than committing $13k for a few hundred? edit: just realized 2 minutes not 2 day haha

Also MYL

 

[otc]



TD Ameritrade is not doing well with reporting return on what happened to Vodaphone this week.

They spun off their Verizon shares as a dividend and then the stock went through a 6:11 split.
So now I hold some VZ, but less VOD
However they didn't change the cost basis on VOD and they seem to have set the VZ cost basis to the price on the day of the spinoff.

So it looks like I lost a bunch of money on VOD and then lost a little money on VZ (which has gone down since monday) when in reality, my cost on the VZ shares was zero, so they are all gain (or really, their value should be offset against the cost basis of VOD since it is equivalent to selling some VOD to buy VZ).

Customer Service's response was "too bad, that's how it is". Everything will show up right for taxation (since they will report the value of the VZ shares as a dividend on the 1099), but the values won't change on the trading platform.

It makes sense that they write the VZ shares cost basis at fair market value--otherwise if I sold them on day one, I would owe cap gains on everything (assuming taxable account)...but it still seems weird that their platform would report a net loss in the two securities combined when they actually show a significant gain. How can I make use of Gain/Loss reporting that doesn't actually report Gains/Losses? By their math I lost a thousand bucks on monday...when really I just got a thousand bucks worth of VZ.

If this had happened in a taxable account, i would probably have to sell VOD to harvest "losses" (since the cost basis is now marked artificially high) in order to avoid a tax bill on the VZ share dividend.

 

[GreenFrog]



Why not just write options? A lot easier than committing $13k for a few hundred? edit: just realized 2 minutes not 2 day haha

Also MYL

While I understand the basic premise of options, I don't understand how I could have achieved the same gains with options in this case with a 10-minute trade window.

 

[stevent]



While I understand the basic premise of options, I don't understand how I could have achieved the same gains with options in this case with a 10-minute trade window.

Yeah my comment didn't make sense. Usually just use options on all positions to make an extra few hundred each month, write highly unlikely scenarios so don't get much money but don't risk stock neither

 

[SkinnyGoomba]

Thanks for the boost, yellen.

 

[GreenFrog]

You guys hear about Robinhood?

$0 commission trades.

 

[SkinnyGoomba]

Looking like a decent day so far...

 

[jbarwick]

Afternoon is looking shaky.

 

[stevent]

J. Crew IPO sounds tempting

http://www.bloomberg.com/news/2014-02-25/j-crew-said-to-be-talking-with-banks-about-2014-ipo.html


And speaking of fashion stocks anyone have moncler stock?

 

[idfnl]

Anyone know why biotech is taking a dump today?

 

[SkinnyGoomba]

Spoke too soon, sigh.

 

[GreenFrog]

Nice timing, Russia.

Looking forward to seeing red across the board tomorrow. Hopefully I'm wrong.

 

[idfnl]

**** Russia and the Ukraine.