Talking stocks, trading, and investing in general

stevent · Aug 24, 2011

NameBack said:
If you put in an order immediately after the market close, how sure can you be that you'll get the opening price the next day? Do people who put in their overnight orders at 4:01 PM get priority at the opening price over people who put in their orders at 9:00 PM?

Depends on your brokerage. But any of the computer platforms and banks will most likely beat you to the opening since their servers / connections will be faster than your brokerage. I'm pretty sure there is no priority.

javyn said:
steven, I'm down big time in GLUU. I got in at 5.73 and we are just now making it back up to almost 3 dollars today. Total bloodbath.

That's a bit tough then. I'd probably hold and hope for the best. You could always leverage a bit to get AMRN although I'm not too bullish on AMRN myself.

CBrown85 · Aug 24, 2011

Yeah, like I said, I grabbed a bunch of BAC on Monday and rode the rebound up. A little gain is a gain.

NameBack · Aug 25, 2011

stevent said:
Depends on your brokerage. But any of the computer platforms and banks will most likely beat you to the opening since their servers / connections will be faster than your brokerage. I'm pretty sure there is no priority.

That's sort of lame. I should be assured of getting the opening price if I put in my order first. It's really annoying how skewed the system is towards institutional investors.

MrNick · Aug 25, 2011

BAC is still **** even if Buffet put 5 billion in. Didn't keep Goldman Sachs from going down again in the future. I still think there are shorting opportunities there.

Silver in the long run is still a great bet, whenever the Fed does it's next market support which will be inflationary, it will rise. Maybe be a short term sell off before then. Gold will keep seeing CME margin hikes as gold and silver are the enemy of central bank's fiat currency.

It's looking like the Fed will use the Repo market to draw down that 1.7 trillion in bank reserves by lowering the rate on the IOER to draw on bank credit for the next round of stimulus. A few weeks ago the fed tested the repo markets pulling liquidity out during a liquidity crisis...now I see why. They just recently set up Frannie and Freddie to be key players in that repo market, giving them more control on it. Of course in the long run, letting loose those huge bank reserves will send already high prices, higher.

Now if they don't do that there is the chance of the "twist", selling off short term bonds to buy longer duration ones and lower the yield on the 30 year Tbill.

Or still possibly but not likely QE3. Which will draw much more hatred for the Fed off the bat. The use of bank reserves at first won't seem inflationary to the average citizen or journalist and for a short time they'll get away with it.

javyn · Aug 25, 2011

Steve, just curious, why are you not bullish on AMRN?

NameBack · Aug 25, 2011

MrNick said:
BAC is still **** even if Buffet put 5 billion in. Didn't keep Goldman Sachs from going down again in the future. I still think there are shorting opportunities there.

Silver in the long run is still a great bet, whenever the Fed does it's next market support which will be inflationary, it will rise. Maybe be a short term sell off before then. Gold will keep seeing CME margin hikes as gold and silver are the enemy of central bank's fiat currency.

It's looking like the Fed will use the Repo market to draw down that 1.7 trillion in bank reserves by lowering the rate on the IOER to draw on bank credit for the next round of stimulus. A few weeks ago the fed tested the repo markets pulling liquidity out during a liquidity crisis...now I see why. They just recently set up Frannie and Freddie to be key players in that repo market, giving them more control on it. Of course in the long run, letting loose those huge bank reserves will send already high prices, higher.

Now if they don't do that there is the chance of the "twist", selling off short term bonds to buy longer duration ones and lower the yield on the 30 year Tbill.

Or still possibly but not likely QE3. Which will draw much more hatred for the Fed off the bat. The use of bank reserves at first won't seem inflationary to the average citizen or journalist and for a short time they'll get away with it.

This post is hilarious. Read a lot of zerohedge, do we?

javyn · Aug 25, 2011

He must read a lot of ZH, because I was nodding in approval through his whole post.

MrNick · Aug 25, 2011

That among a 1,000 other sites and listen to the opinions of many investors. The drawing down bank reserves wasn't anything to do with ZH, at least not an article I read. I however have read several articles putting the pieces together of Fed's actions recently to show why that is an option. But it's really anyone's guess as to what Ben will do tomorrow. My guess is lower IOER rates and use that 1.7 trillion but who knows.

After more research I changed my mind on BAC as a bad short. The Fed will do anything to keep it from going too low. ZH is wrong on BAC, well right about it being **** but the Fed won't allow too much more of a decline.

The real question is what will happen tomorrow depending on what option is done by the Fed. If somehow they don't announce anything major, there will be a massive sell-off. I very much doubt Ben will let his friends get hurt much more.

melwoesblvd · Aug 25, 2011

how can i get around the "we were unable to execute your trade because we were unable to borrow the shares, etc" error on etrade? should i consider switching brokerage firms or just take it? really pissed me off yesterday as i had a perfect short for this AM

NameBack · Aug 25, 2011

javyn said:
He must read a lot of ZH, because I was nodding in approval through his whole post.

edit: I like them for their unrelenting pessimism and their unvarnished look at a lot of stuff that gets whitewashed in more mainstream media, but when it comes to moving away from presenting information to presenting analysis, or god forbid solutions, ZH goes from useful and interesting to black-helicopter nutjob in about 5 seconds.

bure · Aug 25, 2011

Hey guys, so Bernanke has his big speech tomorrow and most of my investments are in cash at the moment.

How do you plan on taking advantage of tomorrow's news?

stevent · Aug 26, 2011

javyn said:
Steve, just curious, why are you not bullish on AMRN?

The stock itself isn't necessarily bad, it just doesn't fit my style. A bit small cap for me, don't normally invest in pharma, still waiting on the approvals. It's on my tracking list though, and I may buy in a few months.

And with GLUU, that's penny stock territory for me and I don't like trading such risky assets. If you're already down what you said you were earlier, I'd just keep it and hope the gamble pays off. All you need is a hedge fund to buy a little and you're back to where you bought. If there is QE3 today/tomorrow then that should help a bit as well.

stevent · Aug 26, 2011

NameBack said:
That's sort of lame. I should be assured of getting the opening price if I put in my order first. It's really annoying how skewed the system is towards institutional investors.

Lame maybe, but reality. But honestly why should we individual investors get preference? We are trading less then chump change compared to the bigger players and if we were excluded from the market, there wouldn't be much effect. Me buying 1500 shares of BAC is nothing compared to the daily volume.

On a side note, I have noticed Interactive Brokers executes my trades much faster than Schwab though.

HgaleK · Aug 26, 2011

bure said:
Hey guys, so Bernanke has his big speech tomorrow and most of my investments are in cash at the moment.

How do you plan on taking advantage of tomorrow's news?

By staying the **** out.

I cashed out on my AAPL position for a pretty penny, made a small profit on MO, small profit on RGR, took a tiny loss on LO, and got of of BoA with a small loss. I'm now 100% liquid.

Green Frog- did you end up taking that position on BAC? You closed out yet?

javyn · Aug 26, 2011

NameBack....dude....few things describe me better than a black helicopter nutjob.

steve.....Ah okay. I thought you had some specific grype about AMRN. The stock has been **** on ever since the Patent Office issued a final rejection on their AMRN101 patent. People mistakenly think a final rejection means their patent has been rejected...definitely NOT the case. Think of a final rejection as nothing more than a second Office Action. I expect notices of allowance to start coming once this goes into Continued Reexamination.

As far as GLUU, institutions are loading up, and I really do like the freemium model they got going. Yah, it's a high beta risk, but I knew that going in. My worries aren't with GLUU but with the overall market tanking it. Still, I did buy this to hold past Xmas, so I'm not changing my initial plan due to volatility right now.

I'll make a decision after Xmas on whether to keep holding it depending on whether I am comfortable they will be able to defend their intellectual property. IMO there is a HUGE IP ****-fight brewing right now over these tablet/smartphone games and apps.

Also, there has got to be some huge consolidation coming...and I think GLUU is best positioned to capitalize on that. I wouldn't be surprised if GOOG or MSFT made an offer for a billion or even 1.5b.

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