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  1. BMK

    New Facebook fraud in WhatsApp. Data stolen from within WhatsApp.

    Here's a bit of text from a different article on the same website: At a sure level, it appears that evidently The Simpsons now not predict something, but quite They’re a information to habits for many individuals round the world, and this may be seen most lately with Kamala Harris. Maybe we...
  2. BMK

    New Facebook fraud in WhatsApp. Data stolen from within WhatsApp.

    That article is unreadable. It's not real news. It was clearly written either by a bot, an automated translation program, or by someone whose first language is not English. It is riddled with grammatical errors, and it cites no sources.
  3. BMK

    Any way to reduce cost basis?

    The title of your post suggests that maybe you don't understand the issues here. In the US, for tax purposes, it is better to have a higher cost basis. You don't want to reduce your cost basis. You want it to be as high as possible, within the parameters of the law. When Coinbase says he will...
  4. BMK

    Index Options Newbie questions

    The idea that long stock + a protective put is equivalent to a long call is a recognized strategy. Long stock and long a put is often referred to as a synthetic call. BMK
  5. BMK

    Foreign Currency Spot Market?

    Is it possible for a retail customer to buy foreign currency in the spot market? I am a US customer. Can I buy Swiss Francs or Euros? Can I simply take a long position in the raw currency? It should be obvious, but I'll say this anyway: I do not want to walk in to a bank and buy foreign...
  6. BMK

    Index Options Newbie questions

    So you're just going long one or more call options? Index options and options on an ETF are very, very different things. They are both tied to the S&P 500. If you are making a bet on upward movement, and you are correct as to the time frame and the strike price, then you'll make money with both...
  7. BMK

    Margin help

    PDT rule = Pattern Day Trader In the USA, if you make more than four trades in a week in which you buy and sell in the same day, you are labelled as a PDT, and you have to maintain $25K equity or the account gets restricted from that kind of trading. There's a little bit more to it, but that's...
  8. BMK

    Margin help

    I'm going to hazard a guess here... That's a penny stock. Less than $3.00 per share. You are long the stock, and you can't use margin to buy stocks that are that cheap. For this particular position, you have to put up 100% of the cost of the stock. Your screenshot does not show your cost...
  9. BMK

    Need advice please, possible scam

    I am in the USA, and I don't know enough about European banking regs to even make a guess as to whether the transfer could be reversed. But you could start by calling your bank and telling them you are a victim of fraud. The problem is that you did indeed authorize the transfer of funds. So you...
  10. BMK

    Need advice please, possible scam

    From the text she wrote, this is clearly a scam. I am curious: How did you make the initial payment of £500? To whom and by what payment method? BMK
  11. BMK

    Midwest USA?

    Anyone in Ohio, Michigan or Indiana? Looking for local connections around here BMK
  12. BMK

    Aftre being fined Billions for illegal activity, HSBC prohibits money transfers to crypto exchanges.

    This is an interesting piece of news. But that article looks like it was written by a high school student. What the f88k is somagnews? [LMAO] BMK
  13. BMK

    Lost Passwords Lost Fortunes

    Ironkey uses military grade encryption. The only known way to hack it is by brute force, which means trying all possible passwords. With AES-256 or anything in that class of encryption, the brute force process takes hundreds of years... BMK
  14. BMK

    More newbee option questions

    Buying stock on margin will increase your gains if you are right, and it will increase your losses if you are wrong. Most successful traders say that beginners should not use margin. Are you prepared to lose more than the total value of your account? BMK
  15. BMK

    More newbee option questions

    If you are betting that a stock is going to move up, it is possible to make money in options even if the options are not underpriced, i.e., they may be priced accurately or even overpriced. Whether you make money depends on many different variables. The tough part of it is that even if you are...
  16. BMK

    More newbee option questions

    As @Robert Morse noted, you cannot buy options on margin. If the price of an option is $50.00, you have to have $50.00 in your account to buy it. You can't put up a smaller amount and borrow the rest from the broker. If you have marginable securities in your account (e.g., common stock, bonds...
  17. BMK

    Denmark Charges Hedge Fund Pioneer With Stealing $2BN In "Cum-Ex" Tax Fraud

    @mlawson71 wrote: Cum-Ex is two Latin words that mean with and without. It refers to nature of the scam, in which the borrowing of stock makes it appear that two different parties are simultaneously holding the shares. And they are, but only one party is entitled to the dividend, and that is...
  18. BMK

    Selling Stocks That You Didn't Buy First (IBKR)

    I can't tell you how to do it in IBKR, but there should be an option that allows you to choose which lot you are selling, or an option that allows you to select a method for determining your cost basis... at least these options should be there if your account is based in the USA. Don't know...
  19. BMK

    Research sites

    https://scr.zacks.com/Research-Reports/Companies-by-Name/default.aspx
  20. BMK

    Why a Democratic win doesn't crash the stock market?

    Maybe there are some rich people and institutional investors who actually believe that genuine democracy will be good for the US economy BMK
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