Hey all, if I were to say that I have an extremely consistent method of capturing $1 gains or higher one day a week on most weeks would you say that some of you would utilize the picks? Or track them to see what I mean at least. I ask because i don't have the funds to make it where the gains would be worth it for me since I only have around $1K in my trading account, and it is tied in pennies.
I have tracked the picks the past few weeks and it never fails that they increase in value at least $1.
Today for example the pick was Satyam Computer Services (SAY), up $1.74 at the moment.
I work as an investment analyst for a financial advisory compnay and picks are released on Tuesday. The Tuesday pick (if there is a pick), has historically performed like this. I will update this thread next Tuesday so you can see for yourself. Let me know if anyone is interested.
I am not required to keep the picks confidential so there isn't an issue there.
heck yeah, post them. i know most of the time the picks from investment companies move up at least 40 percent in one day.
Posts: 483 | From: Fort Worth, TX, USA | Registered: Feb 2004
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Just a heads up that there were no changes in the portfolio today so I have no picks. I will post them when they come though. Next Tuesday maybe.
Posts: 330 | Registered: Mar 2004
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TNT- I have researched shorting a lot, but have never actually shorted a stock. My quick question is, how much free cash do I need in my account to short? If I have no available funds can i still short? Lets say my portfolio is valued at $5000, but its all tied up in stocks. Can I short, and if so how much would I be able to? Thanks in advance!
Posts: 1120 | From: San Diego, CA | Registered: Feb 2000
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quote:Originally posted by kbpkt: TNT- I have researched shorting a lot, but have never actually shorted a stock. My quick question is, how much free cash do I need in my account to short? If I have no available funds can i still short? Lets say my portfolio is valued at $5000, but its all tied up in stocks. Can I short, and if so how much would I be able to? Thanks in advance!
Best to consult your broker as margin requirements do vary. At the minimum (for stocks over $20), you'll need initial free cash equal to half of the intended short transaction's gross proceeds in order to initiate it. After opening the position, maintenance requirement will be your main concern, especially if the position starts moving against you. Setting up the cover buy stop is the way to go, no "averaging up" for markets can and do wipe out your solvency if you're wrong; do not wait for the broker to issue a margin maintenance call, for he has the right to cover your position as soon as the call is triggered on any trading day (especially with volatile stocks). Finally, playing with volatile stocks can be rewarding, albeit with a price.