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California by itself is one of the worlds largest economies ranking in at 5 or 6 iirc. I wish California would secede then we could stop paying for the rest of the US and become Canada. CA taxpayers pay far more to the Fed Govt then what the state gets back. How about we change basing the...

The NRA should pay ! (not sarcasm) Shouldn't everyone have the right to buy semi-automatic weapons in any quantity you can afford the purchase of ? Not to mention 100 bullet clips ? 100 bullet clips certainly have to be necessary to protect one's self in one's house, right ? Dude bought...

The comments in the article are GREAT lolz

The underlying matters ~ If you're trying to leg into an option with a bid/ask 1.00/1.10 and .25/.35 you might get an easier fill by entering a .75 debit. If you're going to try and leg in I'd say mid-day of a down day is best - then you have the chance of a "stick save day" allowing you...

20 random preferred stocks: psa-pa stag-pa aiv-pz aev mer-pm bac-ph c-ps dxb rnr-pc sdo-pc aht-pa cuz-pa dlr-pe kim-ph nct-pb ofc-pg tco-pg wri-pd isg puk-pa

If a position is 30% of the portfolio then it's not eligible for PM and has a 30% margin req - iirc. Hey IB rep can you clarify on the prefd bond question ? A guy on a Yahoo board has stated several times his prefd's did not qualify for PM. In theory could I use 200k to buy 1M of (100...

I do realize at 6:1 with a 15% loss that I'd be wiped out. I figure I could go 2-2.5x with high yield instruments like Prefd stock & Prefd ETF's (6-8%) mReits & mReit ETFs (paying 10% +) Muni CEF's (tax effective rates of ~7%) High Div stocks & Stock Div ETFs (plenty of 4-5%...

So I have to admit the commercials from IB talking about leveraging up and paying only ~1.5% interest have piqued my interest enough that I'm looking into PM strategies, but finding very little on the internet. (Links to any blogs, books, discussions anywhere would be appreciated.) My...

Stick with longer dated options IMO. Minimum 4 months. You'll have more time to be right. It appears that you're account value is small and buying several positions of one position/month is good for your broker but not for you.

Yes please allow the RMB to float freely, so we can watch China's currency appreciate and their already deck of cards economy fail. Some years from now people will write that we should have seen China's blow up coming taking the cue from Macau's gaming growth EXPLOSION. People in the US...

hajimow I thought you were a rebate trader with like a 7 digit account ? you say 85% of your account is in one position ? I LOVE Yahoo Finance - I even think YHOO should go up after recent news - I forgot how much $$$ they're getting and how much their remaining stake is worth, and I...

You can't open new orders in split securities - see my answer in the options thread for more detailed answer. ps no need to ask twice in different forums - these are decent forums someone would answer you ... eventually :)

UNG did TWO splits which is why you see UNG2 instead of UNG1 ~ if you look at the Jan 13 4$ Puts you'll see both UNG1+2 there. You can NOT open new orders with those option contracts - ONLY closing orders can be placed. Any stock that splits has the same restriction. FYI - The UNG2...

There were alot of crazy moves late on Friday - 10-30% moves in the last 20 minutes til the end of the day. Many heavily shorted stocks that spiked at EOD. ATPG was up 50% at one point. ATPG, AXAS, ZNGA, USU, UEC, EGLE, and all the solar stocks SOL, STP, HSOL, TSL, YGE - all spiked at end...

Sorry to disappoint, but I never bought ZNGA. No debt and money in the bank ZNGA could get snatched up by FB - but at what price ?

Rangetrader what do you think of ZNGA at current valuation ? I think most people/analysts who don't like the stock have never played a free-nium game.

I use eOptions, Optionshouse and AMTD (TOS) ~ eO has a beyond terrible website and their basic platform eOptionDirect is um very basic (crappy). What I don't like is you can't login on the website and the platform at the same time. Which would be a pain if you had multiple accounts -...

I'd say you should try some diversification ~ along with some put buying to offset your calls. On uncovered calls/puts I try to stay 1-2% per stock. No more then 20% in any sector. I've done surprisingly well long TZA & EDZ and selling covered calls. When the market goes up I keep...

No vote on Monday's action but in the next month I see a rise and perhaps a huge rise ~ More money has to get printed - I don't think there are any two ways about it. I've been long silver & gold mining companies since last Monday. Last Sunday night Cramer said to sell anything...

^^Or a hot summer, or a hurricane(s), or big mon-ied corporations to stop interfering with the politics of shipping NatGas out of the US. Or we get more regulation by states regarding fracking ... haha... that would be as popular as yellow snow in an election year. I still think we...