.

shorted 100 shares of Tesla(TSLA) at $483 and covered at $420. Gain of $6,300
shorted 200 shares of Tesla (TSLA) at $429 and covered at $469. Loss of $8,000
shorted 100 shares of Boeing (BA) at $117.71 and covered at $104.21. Gain of $1,350

My selfishness cost me $350 in real cash and the gain I had in Tesla.


purchased 1,000 shares of Planet Fitness (PLNT) at $31.23
purchased 500 shares of US Entertainment ETF (PEJ) at $22.91
shorted 100 shares of Clorox (CLX) at $197.37

Wow you are quite the day trader now. Still kicking myself for not shorting Boeing when I had that nailed. How much did it cost and how hard was it to find shares of Tesla to short?
 
The real action was in bonds today. Not sure what to make of it but the 10-year US Treasury is back over 1% yield. Liquidity is still a real problem and I don't think we've seen the bottom yet.

Biggest jump in yields today since 2000. Crazy moves.
 
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Wow you are quite the day trader now. Still kicking myself for not shorting Boeing when I had that nailed. How much did it cost and how hard was it to find shares of Tesla to short?
my purchases go through immediately and my "short" purchases take about 1 minute to go through as the broker lines of shares to borrow (all on their end, i do nothing). trading costs nothing in terms of fees or expenses at vanguard.
 
I'm glad to see the curve is bending to the right in Italy, but how much really changes until there is a vaccine or consistent treatment in place? Are we going to have these 4 weeks of isolation and see the cases drop, then open back up? It feels like it is just going to re-fire unless warm weather actually does stop this thing.

Yeah, the point of flattening the curve is that you have a longer, but less severe, problem. Seems like once you flatten it, you have to maintain those procedures for awhile or else the growth rate would accelerate again.

These conditions could stay the way they are for quite sometime, possibly until we get a vaccine.
 
my purchases go through immediately and my "short" purchases take about 1 minute to go through as the broker lines of shares to borrow (all on their end, i do nothing). trading costs nothing in terms of fees or expenses at vanguard.

i tried entering an order once to short Tesla and Etrade told me something about the shares are difficult to borrow and they would charge a decent sized fee. I had not shorted anything before so I cancelled. You should at least have to pay a borrowing fee but usually pretty small. Perhaps that doesn't apply if you buy/sell it so quickly.
 
Yeah, the point of flattening the curve is that you have a longer, but less severe, problem. Seems like once you flatten it, you have to maintain those procedures for awhile or else the growth rate would accelerate again.

These conditions could stay the way they are for quite sometime, possibly until we get a vaccine.

Unless it's going to be developed and manufactured in record time, that would make for a **** show that make the virus look like a fun weekend.
 
i tried entering an order once to short Tesla and Etrade told me something about the shares are difficult to borrow and they would charge a decent sized fee. I had not shorted anything before so I cancelled. You should at least have to pay a borrowing fee but usually pretty small. Perhaps that doesn't apply if you buy/sell it so quickly.

I use TDameritrade and it depends on your cash and trade position if you have to add more or not. With a short, they are requiring a margin in case it rolls up on you. Probably what that was about.
 
Yeah, the point of flattening the curve is that you have a longer, but less severe, problem. Seems like once you flatten it, you have to maintain those procedures for awhile or else the growth rate would accelerate again.

These conditions could stay the way they are for quite sometime, possibly until we get a vaccine.

That’s why I think this thing is going to head south again.

Maybe we can get the testing ramped up enough in the next month we can actually have procedures in place to be able to protect the vulnerable and quickly isolate the sick to allow the economy to start functioning again.
 
  • Optimistic
Reactions: Cat Stevens
Is Reich suggesting they should have put the money in T-Bills for a rainy day? Maybe a savings account?
Very disappointing to hear this kind of inanity from someone who knows better.

well at least you totally and completely missed the point. I mean a critically thinking person would look at that, and think continued wealth redistribution to the very top is a problem, while artificially inflating the perceived value of their stock prices for the board and ceo has been what has destroyed the idea of the American Dream. .

You, not so much.
 
I use TDameritrade and it depends on your cash and trade position if you have to add more or not. With a short, they are requiring a margin in case it rolls up on you. Probably what that was about.
I have a little bit in margin credit so I can trade and as long as I give it back by the end of the day there is no interest charge.
 
I use TDameritrade and it depends on your cash and trade position if you have to add more or not. With a short, they are requiring a margin in case it rolls up on you. Probably what that was about.

I hope now that they are with Schwab, Schwab will pick up and use some of their tools and site aesthetics.
 
well at least you totally and completely missed the point. I mean a critically thinking person would look at that, and think continued wealth redistribution to the very top is a problem, while artificially inflating the perceived value of their stock prices for the board and ceo has been what has destroyed the idea of the American Dream. .

You, not so much.

it’s a ****** thing to do in a moral way but come on, the American Dream isn’t dead. That’s just over dramatic.
 
you think that putting more and more of the finite resources of this country into fewer and fewer hands is moral?

dead was a bit dramatic, but upward mobility is a thing of the past.

Glad my parents or myself hadn’t read this before improving stuff for ourselves and our kids. Didn’t know I wasn’t supposed to make an effort
 
you think that putting more and more of the finite resources of this country into fewer and fewer hands is moral?

dead was a bit dramatic, but upward mobility is a thing of the past.
Notice part 1 of my comment to answer your 1st response.

Tell all of the entrepreneurs that their efforts are for naught and a thing of the past. The American dream wasn’t anything given to you but opportunity. And that opportunity is there if you want it. To this day. It’s not easy today, but it want easy before either.
 
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Glad my parents or myself hadn’t read this before improving stuff for ourselves and our kids. Didn’t know I wasn’t supposed to make an effort


I’ll ask you, and I’ll ask Bos, again, do you think it’s a good thing to concentrate the wealth of this country into fewer and fewer hands?
 
I’ll ask you, and I’ll ask Bos, again, do you think it’s a good thing to concentrate the wealth of this country into fewer and fewer hands?

First, are you giving up on your stance that upward mobility is impossible?

Now In regards to your question here. I don’t think having a smaller percentage controlling a larger percentage of the assets of this country is good. Why I don’t like certain styles of government but I will stop so it doesn’t venture into a cave type discussion.
 

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