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Post by madmaxroi on Dec 5, 2012 18:33:08 GMT -8
in the FWIW department, a Apple guy who knows something about retail whispered in my ear that Apple is "doing good" this holiday quarter. That is code for: Apple is ROCKING! That means Apple is a SELL and Microsoft is a BUY right?
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Post by lovemyipad on Dec 5, 2012 18:33:14 GMT -8
i had a margin call pop up in my schwab earlier from all my sold put spreads going to crap. i think they've had it with me. i just was watching and in the past few minutes they are executing orders and closing a bunch of my positions in apple, buying back the spreads and huge losses :/ could this be due to the new rule? or just cause my apple positions were murdering my entire account? figures they'll force sell my stuff at the lows. blah I'm so sorry. This is exactly the crap I suspected would be happening (again) with this flush. When big money holds out for lower prices + forced liquidations accept lower prices (market orders, hitting the bids) = negative feedback loop. I wish Big Ben would buy AAPL for QE4. Sheesh. EDIT: I have this one (now)dinky little Rollover IRA account with Fidelity from when I was in my 20s, and last trip to 505, the spreads collapsed under Fidelity's minimum $10K equity requirement for spreads...so I had a lovely "margin liquidation" notice that pissed me off to no end. I didn't think I could deposit cash since it was Rollover, but it turned out I could, so I stuck $5K in there. Well. Today, I saw the value collapse again at day end, and within 15 minutes, I had filled out and faxed transfer forms to get everything out of there and into TradeMonster pronto, lest I get another one of those flippin' notices before year end...since I can't add any more $$. Blah.
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Post by madmaxroi on Dec 5, 2012 18:38:22 GMT -8
in the FWIW department, a Apple guy who knows something about retail whispered in my ear that Apple is "doing good" this holiday quarter. That is code for: Apple is ROCKING! The Apple guy's first name wouldn't happen to be Tim would it? ;D
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Post by Deleted on Dec 5, 2012 18:43:29 GMT -8
in the FWIW department, a Apple guy who knows something about retail whispered in my ear that Apple is "doing good" this holiday quarter. That is code for: Apple is ROCKING! The Apple guy's first name wouldn't happen to be Tim would it? ;D No. I can say no more...
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Post by Deleted on Dec 5, 2012 18:44:28 GMT -8
People: Please get out of margin unless you aspire to become Nate Jr.
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Post by lovemyipad on Dec 5, 2012 18:44:49 GMT -8
What are the biggest ever one day $ drops in apple? HEREIt is the RED columns. Thanks, artman! Looks like a new entry today...
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Post by Deleted on Dec 5, 2012 18:46:41 GMT -8
in the FWIW department, a Apple guy who knows something about retail whispered in my ear that Apple is "doing good" this holiday quarter. That is code for: Apple is ROCKING! That means Apple is a SELL and Microsoft is a BUY right? Yes, of course. Now go sit in the corner with Podboy....
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Post by Deleted on Dec 5, 2012 18:49:40 GMT -8
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Post by brazilnuts on Dec 5, 2012 18:50:32 GMT -8
Took a while to find our new home
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Post by terps530 on Dec 5, 2012 18:52:55 GMT -8
i had a margin call pop up in my schwab earlier from all my sold put spreads going to crap. i think they've had it with me. i just was watching and in the past few minutes they are executing orders and closing a bunch of my positions in apple, buying back the spreads and huge losses :/ could this be due to the new rule? or just cause my apple positions were murdering my entire account? figures they'll force sell my stuff at the lows. blah I'm so sorry. This is exactly the crap I suspected would be happening (again) with this flush. When big money holds out for lower prices + forced liquidations accept lower prices (market orders, hitting the bids) = negative feedback loop. I wish Big Ben would buy AAPL for QE4. Sheesh. EDIT: I have this one (now)dinky little Rollover IRA account with Fidelity from when I was in my 20s, and last trip to 505, the spreads collapsed under Fidelity's minimum $10K equity requirement for spreads...so I had a lovely "margin liquidation" notice that pissed me off to no end. I didn't think I could deposit cash since it was Rollover, but it turned out I could, so I stuck $5K in there. Well. Today, I saw the value collapse again at day end, and within 15 minutes, I had filled out and faxed transfer forms to get everything out of there and into TradeMonster pronto, lest I get another one of those flippin' notices before year end...since I can't add any more $$. Blah. Yea today was just a shocker. It didn't make sense and then bam. I know I have way more of a stomach than anyone that I personally know when it comes to investing and account swings up and down. But now I'm not only being forced to get rid of 90% of my aapl options,but I'm second guessing myself as to if I can handle this going forward. I think I have to completely derisk for a year or two and slowly build up savings again. Thought I was out of the woods two weeks ago but was completely blindsided today. /sigh Edit:I used to think there was no difference in the long run between selling put spreads or buying call spreads. I would check that I had the cash in the account for the max Loss of the put spread. But I think that cash included credited cash from other spreads. So when they all tanked, the cash tanked, and thus that net I thought was there, wasn't. Soo call spreads for me, whenever I get back in the game
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Post by Deleted on Dec 5, 2012 18:53:39 GMT -8
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Post by lovemyipad on Dec 5, 2012 18:56:53 GMT -8
Having closed at $538.81, does that mean the 61.8% has been pierced and thus we should target the target below? Let's see what happens tomorrow, see if it's a decisive break, or just overthrow... If decisive, then yes, target the next Fib...
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Post by lovemyipad on Dec 5, 2012 19:02:55 GMT -8
Yea today was just a shocker. It didn't make sense and then bam. I know I have way more of a stomach than anyone that I personally know when it comes to investing and account swings up and down. But now I'm not only being forced to get rid of 90% of my aapl options,but I'm second guessing myself as to if I can handle this going forward. I think I have to completely derisk for a year or two and slowly build up savings again. Thought I was out of the woods two weeks ago but was completely blindsided today. /sigh Terps, one of the few things I've done right in recent months: buy extra time. I always say it, then I cave during WTF sales (usually too early) and put too much $ into front month stuff. This time, I stuck with the meat & potatoes spreads: JAN'14. They're decimated, of course, but I have time for damage control. (Today, I did succumb to the darn front month spreads...but I stayed small, small, small.) Edit:I used to think there was no difference in the long run between selling put spreads or buying call spreads. I would check that I had the cash in the account for the max Loss of the put spread. But I think that cash included credited cash from other spreads. So when they all tanked, the cash tanked, and thus that net I thought was there, wasn't. Soo call spreads for me, whenever I get back in the game Sorry, didn't quite follow this. As one who uses bull spreads interchangeably, please explain?
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Post by lovemyipad on Dec 5, 2012 19:04:11 GMT -8
Took a while to find our new home HOORAY!!!!!!!!!!!!!!! And welcome home!!!!!!!!!!!!!!!!!!!!
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Post by madmaxroi on Dec 5, 2012 19:08:29 GMT -8
That means Apple is a SELL and Microsoft is a BUY right?
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Post by lovemyipad on Dec 5, 2012 19:13:38 GMT -8
I still have never heard of arbitrarily raising the margin requirement with an advance notice. Reminded me of the shenanigans with GLD and SLW... and why I now steer clear of the metals.
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Post by mbeauch on Dec 5, 2012 19:19:21 GMT -8
I still have never heard of arbitrarily raising the margin requirement with an advance notice. Reminded me of the shenanigans with GLD and SLW... and why I now steer clear of the metals. They at least got a heads up that it was coming. Even in oil when it was lowered and raised there was advance notice for both directions.
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Post by mbeauch on Dec 5, 2012 19:20:32 GMT -8
That means Apple is a SELL and Microsoft is a BUY right? A broken record tonight. Me, I am just broken.
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Post by Red Shirted Ensign on Dec 5, 2012 19:26:02 GMT -8
Took a while to find our new home I was about to post photos of Ms. Hathaway ( short hair) from Les Mis to lure you out. Morning updates please....take me back to earlier days.....
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Post by Deleted on Dec 5, 2012 19:30:53 GMT -8
That means Apple is a SELL and Microsoft is a BUY right? Duh. You don't take direction very well. ;D
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Post by podboy on Dec 5, 2012 19:38:54 GMT -8
That means Apple is a SELL and Microsoft is a BUY right? Yes, of course. Now go sit in the corner with Podboy.... Here saved you a seat.. [pats seat]
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Post by terps530 on Dec 5, 2012 19:40:31 GMT -8
Sorry, didn't quite follow this. As one who uses bull spreads interchangeably, please explain? Soo let's say X has 30k in shares of 5 stocks and 20k cash. If X was gonna buy bull call spreads, X has that 20k to purchase the spreads and at worse X loses all the 20k and the 30k in the stocks are safe. If X was selling bull put spreads, and I may be wrong, but I think: If X sold one that was 10k credit, with a 10k loss risk (would have to buy back for 20k at worse). Then spread goes down in value (good for X) and its only at 5k (5k up so far). I think X's account would show that X could sell another spread and use the stock or the winning put spread as 'cash to back it'. But X wouldn't want to risk that, but X didn't know cause it looks like I had available cash to trade. Then when apple tanks, all the spreads start gaining too much value and now X is on the line for more than the original cash X had in the account. I think that's what may have happened to push the account to trigger the margin spread rules.
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Post by mbeauch on Dec 5, 2012 19:44:54 GMT -8
That means Apple is a SELL and Microsoft is a BUY right? Duh. You don't take direction very well. ;D Duh, that is your fault. ;D
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Post by Deleted on Dec 5, 2012 19:47:52 GMT -8
Duh. You don't take direction very well. ;D Duh, that is your fault. ;D LOL. Yeah, where did I go wrong? ;D
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Post by Deleted on Dec 5, 2012 19:48:47 GMT -8
Yes, of course. Now go sit in the corner with Podboy.... Here saved you a seat.. [pats seat] Thanks I needed that, along with a strong white russian (or 2).
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Post by mbeauch on Dec 5, 2012 19:49:20 GMT -8
Here saved you a seat.. [pats seat] Pod, I want to apologize for being hard on you earlier. It is no excuse, but the stress of the day got the best of me. The way you have carried on in good humor is commendable. I know you meant no harm and value your input. Mark
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Post by mbeauch on Dec 5, 2012 19:50:50 GMT -8
Duh, that is your fault. ;D LOL. Yeah, where did I go wrong? ;D You want me to make you a list.
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Post by Deleted on Dec 5, 2012 19:52:13 GMT -8
Now class, pay attention. You too podboy and max. This chart hasn't been updated but it's recent enough to be relevant. THIS is why AMZN (in red) s a better stock than AAPL (in green)
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Post by phoebear611 on Dec 5, 2012 19:52:43 GMT -8
I asked this earlier and yesterday - no one responded and I can't seem to find any information on it. Is the Judge Koh decision tomorrow? Is the date still the same or has it been moved? Anyone know?
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Post by Deleted on Dec 5, 2012 19:55:19 GMT -8
LOL. Yeah, where did I go wrong? ;D You want me to make you a list. It was a rhetorical question. I know how long the list is....
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