I bought $50 worth of ZSL with a margin requirement of 50%. The settled cash value went from $50k to 25k. I didn't catch how much the margin buying power amount dropped.
(ZSL 12300)
Silver pulled back today. I avoided further $8k loss in my silver position and instead realized a $1.4k gain due to switching to the reverse X2 silver EFT "ZSL".
I made a modest gain in LLNW. CY continued to rally today so I realized a loss (early for once instead of waiting like I did silver). Tech seems to be back in swing again which Cramer said does better in the summer. Right on cue! There was no reason to be short CY and long LLNW. Pick a direction!
Sold off most of my positions for a loss. AGQ so I could short silver before a pullback. SQNS because there was no rally so I'm cutting out before a drop. QUIK because it's been bleeding me for quite some time now. I'm holding LLNW until I can make a little profit which has a modest sell limit. I shorted CY as it has rallied quite a bit lately and I expect some selling soon. I'm now short on silver via ZSL.
Sold CY for a 2.4% gain narrowly avoiding a 1.5% drop a bit later. Bought LLNW@$4.59 hoping to catch a few bumps up in the coming days. SQNS has been moving a lot lately and is a stock I'm keeping an eye on after missing a $20k profit that I allowed to become a $7k loss. It appears to have a definite support price which I'll probably act on.
Attempted to buy SQNS in the aftermarket. 100 shares were bought out of 2000. Annoying.
Once AGQ hits resistance, I'll trade all my shares of AGQ for ZSL:
How does one gather the information and then compute stock "price-to-earning multiples? [TODO]
Yesterday's drop in the last hour eneded up being a precursor to the market's huge low open. It would have been nice to be short silver. SQNS rallied but I sold about halfway up (actually sold seconds before a big 2x climb) missing the day's 3x the gain I could have realized. I bought into CY which has been flat this week since a consistent fall for three weeks.
Attempted to make a quick easy gain day trading SQNS today. The margin requirement was 100% and I calculated the wrong number of shares I could buy without a margin call and, like most trades I do, the stock immediatley lost value. It eventually returned to my buy price at the end of session. I sold off some shares in the aftermarket to cover the margin call. I then transfered $3 from the checking acocunt. At 1am the next day I had another margin call for $11. Margin requirements are still a mystery to me.
In my initial SQNS trade, I bought just a little over my cash buying power. I figured I could buy a bit more because the margin BP was twice my cash BP. The margin requirement for this particular stock is 100% so once I used all my cash to buy the stock, the margin disappared and so the margin call was for the amount I bought over the cash value of my account.
Dumped CPE -16.6% at a loss (mistake trade to begin with) and ALTR -11.5% which has been falling and was countering my short position in LLNW. Covered my full LLNW position for a 5.5% gain.
I wanted to buy into SQNS (and attempt to regain previous losses) but the order wasn't showing up in the level-2 quote list. Too low volume or maybe it was seconds from closing?
I'm continuing to read over the prospectus supplements.
Portfolio analysts seem to work their way up to associate portfolio manager and then to co-manager and then manager lead/manager positions.
Funds, especially international, restrict where and how much of a fund's assets are allocated. An international fund could limit 25% of the fund's assets to any one industry or country and 5% to any one security.
Funds can be closed to new investments to "limit the growth of assets." [Why?]
Investment houses deem it inapropriate to redeem shares before distribution record dates in order to avoid the tax liability on capital gains and dividend payments. They probably don't want investors timing the fund's price action as it (the fund's net asset value) can drop dramatically after a payout.
The Russell 3000 index tracks 3000 US companies' (98% US market) market cap performance. Russell 2000 tracks the lower 2/3rds (small-cap index) and Russell 1000 the upper 1/3rd (large-cap index). Google finance lists 16 related flavored EFTs.
A Mid-Cap fund's security market cap range will start from 1.5 to $10B and can fluctuate to $23.1B. Small-cap range is 200M to $1.5B, fluctuating to $3.B.
Mailed off Q2 estimated taxes 1040ES and 540ES.
Reading Prospectus Supplements from 2006. Yes, I'm behind my 401K homework. They specify updates to the prospectus including changes in the management pool and fund action details. I looked up the definitions of the following terms:
(-6500 LLNW) (250 ALTR) (100 CPE) (1020 AGQ) (1500 SYMX) (1500 QUIK)
