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onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 1:01:43 AM permalink
This is the dilemma. I'm not diversified, and I'm afraid to do it. I think the GILD stock will go up, I'm down on it. However if it does, all the other stocks will start soaring. If they start giving this drug, they're making money no matter what they say. They have orphan status for the drug now, so there will be benefits from the government. So yeah, dependent on the ups and downs of this stock, don't want to send any more money in, but maybe I should to grab gains from other stocks.

Shoot another thing, I'm using 2 brokerages. Am I going to get in trouble some how if I broke pattern day trader rules between the 2 brokerages? I've pretty much been steady on the one brokerage, made some intraday trades on the other to the point I was close to having my account locked. Just checked, have not made a single day trade at the other brokerage.

Is there any issue having 2 brokerage accounts anyone knows of?

I'm feeling pretty good btw, I'm in no danger of breaking my rule and need to stop trading. I'd pretty much need GILD to fall to 50 or 60.
I am totally over impulse FOMO buying and panic selling.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 3:53:29 AM permalink
I'm tempted to sell off HD now. It has gone up so much in 1 day. Bought at $152 Friday late, closed at $162.39, right now says $174.77. Only have 15 shares, of course I wish I had more, glad I got out of Coke. GILD seems to be gaining investor confidence now it's in orphan status. I have no idea when to sell that one, either when the news comes out in April or one of the other candidates breaks news. The one company which won the EBOLA scurge very well might get their drug out. They had a better drug response the last time, damn I'm stuck in a dilemma. I'm not diversified and don't have enough cash on hand, tapped my margin out all the way(which is fine so far). I was kind of wrong on HD, thought people might want to work on home improvement but "STAY HOME" orders kind of ruin that(lol) but lucked out. SIGH. I have a strong feeling HD will not close above $174.77. Maybe I don't have the experience to actually know that, perhaps I don't know what it's like to hold onto a winner yet. It was $225 3/10. A friend mentioned EXXON(XMO) at $30, that's $34 already, and I didn't really see that one, but maybe it's value(greedy at right time). Keep in mind, I might want to almost completely withdraw when this is over, but when is this LOCKDOWN going to be over?

I truthfully have not been able to hold onto a profit yet. I have made some mistakes, getting better or am I? The next speculation might, as well as the current one, could teach me FEAR. It's supposed to be bad betting on these pharma companies, but this SCOURGE is unusual and a drug on the market before the COVID threat goes away will most likely happen. However, there will be multiple drugs, REMDESIVIR will be the first. IF GILD, rises enough, it could open up some buying power from my margin account for more stock. If anyone wants to get an account and get margin instantly and free stock, PM me for the code. I was surprised there is pretty much no criteria for getting the margin loan, they don't look at anything. If you have some cash in the bank, you could be investing $2000 today with only a $1000 deposit. ODG is probably shaking his head. I'm glad I am.

Update:HD isn't quoting for $174.77 anymore. There goes that money. How does that work? I can't even really sell when they're quoting $174.77. It's showing $169.65 now.
Last edited by: onenickelmiracle on Mar 24, 2020
onenickelmiracle
onenickelmiracle
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March 24th, 2020 at 3:59:36 AM permalink
https://www.sciencemag.org/news/2020/03/who-launches-global-megatrial-four-most-promising-coronavirus-treatments

Relevant opposition being studied, results will not be immediate.

The weakness of Remdesivir is the IV needed. Ok, if it works though, should we have 1,000 people getting an IV as soon as they test for COVID19 for 10 days at a cost of $1500 for the drug or should we let 200 of them need a ventilator? We know we can't keep 200 people on ventilators and if they get that far, so many will die. Hmm. This is of course important if the other drugs don't work well enough or at all and depends on how well Remdesivir works.

I don't think those malaria drugs Trump mentioned will work, the article talks about the toxicity of the high dose needed for it to work. Everyone was on that band wagon at the time, I don't blame Trump for being hopeful. Maybe it will somehow but I doubt it. Would be awesome if a 6c pill was all which was needed.
Last edited by: onenickelmiracle on Mar 24, 2020
odiousgambit
odiousgambit
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March 24th, 2020 at 4:31:03 AM permalink
Quote: onenickelmiracle

my margin account ... If anyone wants to get an account and get margin instantly and free stock, PM me for the code. I was surprised there is pretty much no criteria for getting the margin loan, they don't look at anything. If you have some cash in the bank, you could be investing $2000 today with only a $1000 deposit. ODG is probably shaking his head. I'm glad I am.

Yep sure am


The problem with margin is you get 'margin calls' with that. In other words, as soon as it looks bad for them, they want their money. It's not like a home mortgage where if the value of the property goes down the bank has to sweat it the same as you. No. The people letting you have margin can put the squeeze on so it's only you sweating.

The bottom line is you can't buy stock on margin without being sure you won't have to come up with the money. Basically you have to have the money anyway so why go on margin?

There are horror stories about people losing their houses and things like that

Yes I'm surprised it was easy.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 5:14:02 AM permalink
Quote: odiousgambit

Yep sure am


The problem with margin is you get 'margin calls' with that. In other words, as soon as it looks bad for them, they want their money. It's not like a home mortgage where if the value of the property goes down the bank has to sweat it the same as you. No. The people letting you have margin can put the squeeze on so it's only you sweating.

The bottom line is you can't buy stock on margin without being sure you won't have to come up with the money. Basically you have to have the money anyway so why go on margin?

There are horror stories about people losing their houses and things like that

Yes I'm surprised it was easy.

I think they change it based on the volatility and there isn't short selling as an option. They'll just sell me out of my positions. It says right now my portfolio is well above my margin maintenance, no action is required. If the value of my portfolio would drop drastically, this would be a problem for me and them. I can see how me talking about stacking and stacking is potentially problematic to lose everything, but I'm not going to take a risk like this. I won't be betting on something necessarily for 5 years down the road, because of the risk of right now. It's a total pain in the butt shipping money to them, I have 2 deposits I'm potentially waiting until Friday I believe, can cover if needed what I'm borrowing, but it would be catastrophic. That's not going to happen, I can guarantee this almost. Yeah, so I'm not selling short, or using options or anything crazy like this, those are the kinds of things which the bombs can explode if the brokerage doesn't sell you out of your positions.

I can see why and how they can offer it, no matter what, their risk is limited to whatever my portfolio is worth and they're able to charge me 5% a year for basically half of my money. I have my initial deposit, and it's a little more than my portfolio, they aren't really risking double my money, they're risking my money. If I don't ship more, they would just sell my stock to get the margin and interest back. On top of the rate, I am being charged an extra $5 a month, they're charging me at most $31 a month interest iirc, if my portfolio stays the same, they're making $36 a month. If I fail, it's not going to be because of the margin interest.

I'm pretty much watching the money constantly, though I would not panic sell again. My second brokerage account I am not using margin, not so easy there, just buying and holding there, because I think I have to wait 2-3 days after selling to buy something else.
Last edited by: onenickelmiracle on Mar 24, 2020
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 5:38:06 AM permalink
HD will be open as an essential business, I did not know this. I'll hold onto it. Home depot is open now even with a stay home order.

Quote:

Home Depot Inc. (HD) and Lowe's Cos. (LOW) , which sell both appliances and disinfecting and sanitizing items, has also talked about its role as an essential retailer.

"Our stores will remain open to provide essential products to customers, government officials and first responders," Lowe's says on its website.

"Our customers depend on us for urgent needs such as hot water heaters, refrigerators, cleaning supplies, electrical and plumbing repairs, bottled water and harsh weather items like tarps, propane and batteries. Our stores are critical to serving communities, especially in times of disaster and crisis.



I'm having trouble imagining it going up very much more though. All they can do is just lose a lot less business than other companies in the world.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 8:58:00 AM permalink
I sold HD at $179.80 and GILD at $74 for a loss. I will be buying GILD back.
added; I do not have the touch, $185 is crazy. Getting some of the lost gains in BTC, no margin allowed for that.
There is no point in me watching these ticks, I'm not day-trading so all it does is make me crazy. I'm about to just read these books on narcissists. SIGH.
Last edited by: onenickelmiracle on Mar 24, 2020
Suited89
Suited89
Joined: Dec 23, 2019
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March 24th, 2020 at 10:46:43 AM permalink
I would like to point out to all here that margin calls were/ are a part of the volitility seen in both stocks and precious metals. A casual glance looks like Gold/Rhodium/Palladium were paying off Mr. Margin and/or unwise stock decisions. A check of 60-day history at kitco will confirm this suspicion. Problem is, looking to buy Gold thru kitco reveals nearly empty shelves !

Regards
Suited89
some people need to reimagine their thinking
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 12:38:16 PM permalink
I am in love with the GILD stock so I didn't buy all of it back and bought some others. Gild will probably take a few weeks to move anyway. Too much common sense psychology against the stock which might be misapplied to the situation, but there is a lot of it.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 24th, 2020 at 1:46:04 PM permalink
It's pretty funny I googled trying to find out if Trump was going to have a press conference today and one of the suggested questions Google presents was:

Quote: GOOGLE

Who is our president today?



There are that many people asking this question it seems, that's funny.

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