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I don't like how the market is rallying and TSLA is crawling back up, never a good sign.
I'm not sure technical analysis applies so much when we are going through the debt ceiling problem though
My personal thought is that Obama will accept the offer to extend ceiling for another 6 weeks ( why wouldn't he? ) then they can sit and discuss restarting the government next week. If I am right and he accepts the house will meet tomorrow and pass the bill ( more good news for markets ) and next week senate and the white house can wrap it up, ( more good news for markets ). Maybe I am being too bullish?
That is good, that means that they will all go up.
That is good, that means that they will all go up.
Just got the following message from IB. Not a good sign, because it leads people (like me...fighting margin requirements the whole day) to decrease some positions...
NOTICE OF MARGIN INCREASE #2
In light of the substantial and rapid price increases which certain securities have experienced of late, IB will be implementing a series of margin changes that will act to increase the amount of collateral required to establish a new position as well as maintain an existing position, the effect of which will also serve to limit the collateral value of such positions for the purpose of financing other trading activities.
These changes, which for a handful of securities have been previously announced and implementation begun, are intended to recognize the possibility that prices revert, at both extent and pace, in a manner similar to that noted above. Accordingly, effective with the October 11, 2013 opening of the U.S. markets, the maintenance margin requirement on the group of 39 stocks listed in KB2113 which are not already at or above 35% will be increased to this level.
Further note that we review margin levels on a continuous basis and you should anticipate the announcement of additional changes to the margin requirements of these as well as other securities over the upcoming days. We recommend that you consider the impact of these changes when making your portfolio management and account funding decisions.
Interactive Brokers Customer Service
Why? I think the opposite will happen. Some people will need to unload/reduce positions.
I think it was 15% before like for all "normal" stocks. If you are with IB IMO (not sure, check it!) you would not get a margin call tomorrow, because IB increased the requirement for TSLA already yesterday and it took immediate effect. So today they didn't change anything to TSLA imo, but they announced, they will probably further increase.Does that mean I will possibly receive a margin call tomorrow?
The margin requirement on these stocks, which make up about 40 % of my portfolio, will be 35 %. How much was it for TSLA before?
I am a contrarian investor. When everyone is saying to buy a stock, I will sell. When CNBC starts talking about AAPL everyday, that is a sign to sell. When every commercial on CNBC is about investing in gold, it is time to sell gold.
When brokerages finally make margin requirements stricter (when they should have done this two weeks ago), then it means that this is the bottom for those stocks.
Everybody is always too reactive instead of being proactive.
This is how I read it, but feel free to read it however you like.
When CNBC starts talking about AAPL everyday, that is a sign to sell.
good point. I certainly hope you are right, since I'm quite long on TSLA.I am a contrarian investor. When everyone is saying to buy a stock, I will sell. When CNBC starts talking about AAPL everyday, that is a sign to sell. When every commercial on CNBC is about investing in gold, it is time to sell gold.
When brokerages finally make margin requirements stricter (when they should have done this two weeks ago), then it means that this is the bottom for those stocks.
My broker told me that it does apply to me, but the list is the following:
AAOI, AIRI, ASC, AVID, AXGN, BAA, BIND, BIOA, CCCR, CCXI, CGIX, CNAT, CPTA, DVAX, ECTE, EVOK, FATE, FPRX, FSFR, GARS, HTBX, ICLD, LIQD, MNDL, MODN, MRTX, MWRX, NOR, NRCIB, NSTG, OHRP, OTEL, PED, PPSI, QLTI, RGDO, RNA, SAMG, SPCB, SPHS, SQBG, STRP, SVVC, TGD, THST, TNXP, TRX, VICL, XGTI, XTLB.
How are you feeling about your 210's? I have 200's that I'm a bit concerned about now. Especially if they push this government stuff off.I bought some $210s I think, so that is my play on TSLA as well as some March calls.
News of Fidelity reducing its position has some drag on a TSLA today. That accounts for some of the muted rally IMO. Doesn't worry me, just explanation of why TSLAs not up more today
How are you feeling about your 210's? I have 200's that I'm a bit concerned about now. Especially if they push this government stuff off.
They'd have to finish fairly well ITM though to be more profitable than a lower call value though, right? If it just squeaks over to 215 or some such, you probably didn't get enough leverage off of the small premium to overcome the high target.I am fairly confident that they will finish ITM.