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Submitted June 02, 2015 at 08:30AM by seeallgood http://ift.tt/1dJ2z4U
Tuesday, June 2, 2015
May 2015 Stock Contest Results: And the WINNERS are FirstAlways & ehs4290 with 179.36% 1 month gain!
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Submitted June 02, 2015 at 05:42AM by GaryBarton http://ift.tt/1BGph2J
Submitted June 02, 2015 at 05:42AM by GaryBarton http://ift.tt/1BGph2J
Professor Challenges Jim Cramer With Stock Bet - MarketWatch
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Submitted June 01, 2015 at 10:52PM by mikoul http://ift.tt/1cvcJot
Submitted June 01, 2015 at 10:52PM by mikoul http://ift.tt/1cvcJot
Monday, June 1, 2015
Stocks I'm watching tomorrow, 6/2/15
Hey hey!
Easy first day back for me with just one trade per my plan in ACRX long at $3.54-3.56. I am a little disappointed I held this ALL DAY until the last ten minutes and decided to finally can it cause I didn't wanna hold overnight and like 2 minutes later it popped up another 5 cents which is what I had been waiting for all day to take my profits and be happy enough to revisit it tomorrow, but what can ya do...I took a small gain on it and will revisit it tomorrow. Other than that CEMP was a pretty nice call as it worked well if you took the $36.30-40 entry on the morning pullback. I didn't take it since I wasn't totally convinced the volume would support a $37 breakout (which it didn't) so for me the reward to risk wasn't there without more volume. Overall though, headache free day and nice way to come back after a long break. My plans for tomorrow are pretty similar to last night as since I have restricted my criteria and my scans pretty heavily now I didn't find a ton of new stuff, but here are some ideas:
ACRX (long):
Really nice action all day today and a very strong close even though the volume was pretty light. It did pretty much what I expected it to: peek a bit over the $3.64 breakout and then consolidate all day for an end of day/early following morning run. I sold my $3.55ish buys at $3.60 since I didn't really want to swing overnight in this market environment, but I do plan to rebuy it. Basically same plan as yesterday but move all the ideas up 10 cents, lol. It had nice support all day at $3.58-3.60 so we can use that as a stop for any entry on morning strength. My goal is to get low $3.60s and keep the risk VERY tight since this is now right at the daily breakout level and has had two days of heavier volume than normal, so if it's gonna go it should just go. It's fine if it stays sideways for a bit but I won't hold onto this if it doesn't hold the $3.58 area. If it gaps up I will have to re-evaluate in the morning and see if it develops a trend, just buy any significant dips per my rules.
CPRX (long):
Nice bull flag on the daily that tried to break out today but failed. It did close pretty strong so I'll be watching for any pullback toward $4 and want to see it show support at $4 in order to get long for a run to $4.40-4.50. Entry at/around $4.00 can use $3.90ish as a stop.
I removed NBIX and DATE from the list below as NBIX broke the pattern and DATE already cracked. I'll update some of the others and add the new stuff I found:
HLF (long) - $52.50-$53.00 seems like a key level for this bull flag. Waiting for it to tighten up or show some volume expansion for breakout to $55+
OTEX (short) - Still holding that $42.20 area. Seems like pops toward $42.60-80 are safe to short if you want to anticipate the crack
LLY (short) - Still the same plan: not expecting this to hit my criteria in terms of percentage, but it may in terms of # of days, so likely want to play this as a late day fader 3pm+
ESI (short) - Still looking for either a parabolic push to $7+ or a late day fade after 3pm
REN (long) - Technically this is off my list because it didn't close red today but for anyone not as picky as me I still think this can bounce if it holds $1.15. Probably more of a swing stock than a day trade
FLWS (short) - Same plan: $9.50 is a key level. Watching to short pops if it cracks it or anticipate with entry $9.80-10.00 and swing it
DAR (long) - Nice bull flag forming but needs a few more days to tighten up. Just on my radar for now
CEMP (long) - Now on the back burner list. I think this needs more time and a better setup to break $37 but keeping it on watch
IMGN, SINA (short) - Both very nice runs today so I won't step in front of the train but I will be watching both for late day fades similar to LLY today. 3pm+ is my rule
ARO (long) - Kind of an annoying stock to trade but one more red day and it will meet my criteria for a parabolic long. Ideally we get a flush in the morning and then see subtle late day strength but still close red. If so, Wednesday it will be on my focus list
Hope y'all had a great day!
Chris
Submitted June 01, 2015 at 09:34PM by ghostofgbt http://ift.tt/1KzKDEj
"The Market is gonna crash! The end is near!!!"
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Submitted June 01, 2015 at 09:18PM by Badbaseball http://ift.tt/1KzKDEh
Submitted June 01, 2015 at 09:18PM by Badbaseball http://ift.tt/1KzKDEh
Just thought of a "margin chaining" idea. Is this something that's legal, or not allowed/frowned upon?
So the idea is pretty simple: Say there's broker A, and broker B, which both offer margin rates of 2% APR. You open a margin account with broker A, and a margin account with broker B.
You deposit $1000 into the account with broker A. You then buy $1000 worth of Vanguard funds or some other relatively safe fund. Then, you withdraw a $1000 from your margin with broker A, which opens a margin loan for $1000.
Now, you're paying 2% APR to broker A for the $1000 loan you opened--which is fine as long as your returns are > 2% a year for the stocks in that account. You're actually still making money, albeit slightly less so.
You then take the $1000 you withdrew to broker B, where you also put that money into Vanguard funds/something safe. You can now take out a margin loan against those stocks by withdrawing the $1000 from broker B.
In theory, you can repeat this as many times as you want, increasing your margin leverage additively (you can invest N * your money, where N is the number of brokers you have accounts with).
My question is, aside from the fact that this is probably a silly thing to do given the duplication of risk, is there any legal downside to it? Do brokers frown upon it? Are there regulations that you're breaking? Come tax time, does the IRS care?
Submitted June 01, 2015 at 04:20PM by yolotrader http://ift.tt/1GTiN6X
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