Search results

No, the main issue is that, since there's no volume, there will not be anyone he can sell to. No wonder there's a huge spread. Think about it.

Well, can I just say outright that you're not very smart. WHY THE F*CK ARE YOU TRADING A BACK MONTH WAAAAAAAAAY OUT IN THE FUTURE (OCTOBER????) (I'm amazed to know that Charles Schwab allows this?) There's a reason why people trade the FRONT MONTH. That's because it closely follows the spot...

How is it even possible to CLV20? Not that I don't believe you, but why would you trade something that expires in November? There's no friggin' volume!! Thanks, I've misread it. However, it still makes no sense. I've been trading CL for a long time and I've never seen a spread that he mentions.

A spread of $3.40??????? That's impossible.

Assuming this is 4:22 EST, CL had a range between 28.75 and 28.80. Just how did you get in at 23.94?

Is it only me or does this make sense to anyone? Somebody translate this for me.

I believe Blockchain technology is going through the same stage as what Nasdaq went through in the late 90s when investors bid up so many useless garbage stocks just because they had a website. The technology behind the Internet was legit. However, most companies that benefited from the...

True. Delisted stocks share the same fate as bankrupt stocks. But what I want to know is why did you not sell the stock earlier? You would have known through press coverage or the pace of price descent that it would get delisted.

Well, that's a complete different story than seeing your (margin) account go negative due to a stock meltdown.

No. How can you? You're not borrowing money (eg. margin). Everything comes out of your CASH account. I guess you can compare this to debit vs credit card. With debit card, you don't owe interest since it comes out of your bank account. With credit card, however, you owe interest if you don't...

...and my ACCOUNT dips into the negative (Meaning negative account, not negative stock price.)

IMO It won't be a hyperflation, but a long drawn-out stagflation. It will be more painful than hyperflation, which by nature is rather short in duration.

I think it will be a lot shorter than 2-3 weeks--more like next week. By next week (or maybe even this weekend), we will know for sure just how many rents and mortgages have gone unpaid.

Why not rename it to Covid? :sneaky:

Brain :banghead:

Okay, here's an example that will definitely result in a lawsuit. My stock (or any other instrument like futures, forex, etc) tanked and my account accordingly went down to $0. At this point, my broker MUST liquidate all my position. If the broker, however, did not sell my position and my...

Well, if you want to boost the economy (after all, I'd think that's the main reason for the "stimulus" checks), the last thing you want is for people to hoard that money. So it would be better, in my opinion, to issue gift cards that must be spent within a short period of time.

Nobody knows. Negative interest rate is currently not written in any of the Econ 101 books. Personally, we will go through a long economic drought (aka stagflation) much like the Japan of the 90s, which they have yet to recover. Hence, I believe we will NEVER see the ATH again.

Unlike in the US, where they're handing out stimulus checks, South Korea is issuing gift cards with expiration date. How smart is that? :finger:

Two developments of concern in the coming weeks: 1) Massive layoffs leading to lost income that will result in foreclosures. 2) Credit freeze from sharp economic downturn.