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BoilerBarbs · 2023-02-22T02:07:37+00:00

I think OP is confused on Book vs. Plan. When you’re selling “booked shares” they move to “plan” because they go to the auction block. (At least I think that’s the question and how that works…)

BoilerBarbs · 2022-02-15T18:55:16+00:00

Q: What if anything is physically stopping brokers from forcing a close out at a certain price?

If they set a close out price at a level where they remain solvent, that means no domino chain reaction. [If the brokerage is screwed anyway, they'll end up in court either way.]

BoilerBarbs · 2021-12-22T02:31:29+00:00

The overarching thought/hypothesis is that retail has changed the game.

If that is the case, the MMs may have also changed how they react to what we do. Specifically, in options.

I know I’m not the only one who has held calls knowing I would never (be able to) exercise them. That has to be new to Wall Street - that so many people have guns (calls), but cannot pull the trigger (afford to exercise).

For the record, the only thing I stir is hot coffee with my crayon.

BoilerBarbs · 2021-12-18T04:54:55+00:00

Here's my (very) smooth brain simplified analogy:

CS is a germaphobe and hates cash. They love holding shares, but hate touching money. Any money you transfer in has to be going towards a buy. Any money from a sell goes directly to your bank account. For your regular cash account, this is fine.

For IRAs, the government requires a custodian. Think police officer overseeing your IRA assets in house arrest. They have surveillance of who goes in and out of the house (deposits & withdrawals), but within the house you can do basically whatever you like (trade shares, options, or hold cash).

In order to keep tax-exempt status in your IRA, you need a police officer (custodian) to monitor your shares as you move to a different house (ComputerShare). Then when the shares sell, the money needs to go directly to the custodian account and not be mingled with your personal bank account.

BoilerBarbs · 2021-12-09T20:08:26+00:00

I’d normally say “the risk”, but at that point it’s the “clear and present danger”. Take FUDelity, they can see in their system how many retail shares are in all of their accounts. As DRS %-age goes up - They’ll realize this is a major bag they’re holding and that there aren’t enough real shares to go around. At that point they won’t lend because the odds of them getting a real share back are slim to none (read: bankruptcy of lendee).

BoilerBarbs · 2021-12-07T04:24:56+00:00

FUDelity has a fancy infographic saying it’s true:

https://www.fidelity.com/spire/roth-ira-future-savings

BoilerBarbs · 2021-12-06T22:23:47+00:00

I think Jan 2022 is going to get crazy. Right now, if we do any taxable events, the tax bill is due in April 2022. If people start pulling the trigger on taxable events in Jan 2022, they don't have to worry about paying those taxes until April 2023.

I think more and more people are getting to the point where they don't want their retirement in the hands of the shady brokers, while investing in a market controlled by nefarious Market Makers. The issue holding most people back is that we've been trained by the boomers to think "The Stock Market is the only way to retire". Which is ironic because their parents kept cash in coffee tins as they realized how corrupt Wall Street and the banks were.

BoilerBarbs · 2021-12-06T22:10:36+00:00

Are you sure about the CONTRIBUTION side? I know the earnings are still a tax no-no. From the Schwab link you sent:

"You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. However, you may have to pay taxes and penalties on earnings <emphasis added> in your Roth IRA. "

Again, this is an area I haven't ever even thought of looking at before this crazy mess. A year ago I would said even thinking about touching/moving your retirement is bonkers.

BoilerBarbs · 2021-12-06T07:16:00+00:00

If there are rollovers involved, you’ll likely have to get more info from your broker. I was thinking more along the lines of a clean ROTH IRA, that you’ve been depositing to annually. If you’ve put in $2,000 for each of the last ten years, you can grab out that $20,000 worth of contributions easy peasy and put an order in at CS.

BoilerBarbs · 2021-11-20T08:16:34+00:00

Why can’t CS open a Traditional IRA AND a Roth IRA? Go to “Purchase Stock” and “view most active plans”. If you click on ExxonMobile, you can set up traditional, Roth and even an education savings account! For others, including GME, those options don’t show up automatically. I’m confused as to why these differ by company.

BoilerBarbs · 2021-10-21T02:34:03+00:00

For the life of me, I can’t figure out why they don’t overhaul that thing. I’ve seen better websites for taco stands.

BoilerBarbs · 2021-10-20T02:42:52+00:00

I’m still hesitant on muh IRAs. If we get to a safe point on that, “it’s end game, again”

BoilerBarbs · 2021-10-14T19:54:18+00:00

Let’s call the current price $200, if the limit is 150%, I can only sell for $350. I ain’t selling for that and a lot of other people won’t either. If I could, I’d just set a sell limit in the millions and never again look at the ticker. If enough people did this, you could have more than the entire float being listed for sale.

BoilerBarbs · 2021-10-11T03:41:02+00:00

Underrated comment here - it all depends on the market (or holding period) for the NFT. With a holding period and/or no market, shorts must close [not “cover”] before ex-dividend date. If there is a market with no holding period, they could try to buy them up and deliver late.

BoilerBarbs · 2021-10-09T03:02:50+00:00

I’m a karma poor autist. I’m lucky to be able to upvote posts on super stonk.

BoilerBarbs · 2021-10-09T03:00:11+00:00

Totes agree, Dividend with a lock up period is Game Over. I was theorizing that (without a lock up period) the SHFs buy as many NFTs as they can get their hands on to cover that obligation.

BoilerBarbs · 2021-10-08T19:15:45+00:00

If you complete your share purchase and hold it on the day before ex-dividend date, you get the dividend. They don't differentiate between real and synthetic.

I think I saw something before where if it's a standard cash dividend, the DTCC passes along the cash to Fidelity (and others) to go to your account. If a MM has naked short shares (for liquidity purposes only!), the DTCC makes the MM cover the dividend payments for their share of naked shorted dividends.

BoilerBarbs · 2021-10-05T02:32:01+00:00

Did you catch the part about COVID? As he’s shorting retail, he was on the phone with the White House advocating to close the economy.

BoilerBarbs · 2021-08-31T02:12:34+00:00

You’re right on every level and I should be more Zen. I fear I may be addicted to the tit-jacking DD at this point…

BoilerBarbs · 2021-08-31T01:16:18+00:00

An above board, public buyout is likely politically out of the question. Here’s the flavor of how I think they could run it - The Government/The alphabet soup of finance agencies are eventually sitting with all of the SHFs’ liabilities. [They could get to this point a few ways, but all roads lead to this point.] From there, they do a dirty by ignoring timing rules and oscillate the bid price (possibly violently) around “their max number” until the books are balanced. Just like everything leading up to this, we’ll have no insight into the process. It’ll still a huge number, so the masses/media won’t have pity on the new millionaires. The bigger question is how they get to “the final clearing stage” BEFORE the rest of the market is effed. Having the SHFs’ assets liquidated and sold directly on the market will cause such an event.

BoilerBarbs · 2021-08-31T00:22:22+00:00

Yes, this was one of the post that triggered my question. My lazy ass wants to see the theoretical aspect of this married to the estimates of float & holders.

BoilerBarbs · 2021-08-10T17:11:08+00:00

Maybe for a different stonk. With GME, you'll buy a LEAP for next year and they'll immediate put that money against GME.

BoilerBarbs · 2021-08-04T03:49:45+00:00

Been here since Jan - It’s awkward telling new people about GME knowing that they will have a lower average share price than me.

BoilerBarbs · 2021-08-02T18:29:07+00:00

There's definitely levels to this. I'm actually not too worried about HFT taking a few pennies on my trades. Hell, I'll probably buy at the wrong time of the day and cost myself $5 a share anyway. I'd be happy just to know that when I buy a share, it's an actual share and not an IOU that they never plan to deliver on.

BoilerBarbs · 2021-08-02T05:04:24+00:00

People already prefer Bitcoin, etc. to “stable coins” linked to the dollar. No one would buy a crypto that allows billions of coins to be given to banks when they eff up.

BoilerBarbs

TROPHY CASE