AriGold2.0 Posted May 8, 2020 Share Posted May 8, 2020 On 4/30/2020 at 11:11 AM, nuckin_futz said: Your limit prices are above your stop prices. For example on Suncor you placed a stop to sell if the bid drops below $25.75 but only at $28 or better. The order should be something like stop sell trigger @$25.75, limit @$25.50. Then when triggered it becomes immediately executable but at no worse a price than $25.50. Gives your broker a little leeway in getting an execution (especially when trading an odd lot). While not selling you out at sub $25.50 on a gap or in a liquidity vacuum. Questions. I bought 4500 shares of ZOM this morning at .21 and it closed at .27 but after market went to .37. I have never done a stop limit before but want to make sure I don't get screwed. TD is still reading the stock as being at .27 as it doesn't read after hours. If I set the trigger to .35 and the limit to .34 should I theoretically be alright ? Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 8, 2020 Share Posted May 8, 2020 (edited) 59 minutes ago, AriGold2.0 said: Questions. I bought 4500 shares of ZOM this morning at .21 and it closed at .27 but after market went to .37. I have never done a stop limit before but want to make sure I don't get screwed. TD is still reading the stock as being at .27 as it doesn't read after hours. If I set the trigger to .35 and the limit to .34 should I theoretically be alright ? OK first of all this trades on AMEX or as it's known "Scamex". So my knowledge may be a tad fuzzy if there's any specific rules on this exchange, but I doubt it. It's a little weird that TD is counting the after hours volume but not the after hours price. I show the regular session volume at 152.8 million and after hours volume at 31.5 million. TD just shows the consolidated volume of 184.4 million. But only the New York closing price, that's a little strange. Is your account able to trade in after hours? With the market now closed you are at the mercy of where this opens tomorrow. A stop order will only be activated during regular market hours. So if this is at a price you're happy with in pre market you should just go ahead and sell it when you can. Provided you can trade in pre market/after hours. Assuming it opens the regular session at .37 (or better) your order details as posted should be fine. Your order says stop @ .35, execution no worse than .34. If it opens at say .31 your stop will trigger but will not execute because you have specified no price worse than .34 Frankly, I am not a fan of this order type. Specifying an acceptable range for a stop execution makes little sense to me. The purpose of a stop loss order is to stop the loss (or lock in gain). Not stop the loss only if specific conditions are met. It's like calling the fire department on Friday when your house is on fire and saying "Can you get here on Tuesday at 10 AM?" It's an urgent matter, don't put conditions on it. I think a regular 'stop market' order is what should be used here. Especially in a stock that traded in an 8 cent range and did 152 million shares in the regular session. The levels must be crazy thick. So there's virtually no chance of meaningful slippage. Edited May 8, 2020 by nuckin_futz Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 5 hours ago, Boudrias said: But this situation pre-dated C-19 by years. Japan and Euroland have been using QE for years. Now the Americans are going full out. How many polls did we have in Canada prior to C-19 where 50% of the people said they couldn't take a $200 hit. It is like you said when distancing is eased what happens if consumers don't spend? I think you are reading the numbers correctly. Economic thought that when debt is large enough more debt will not increase GDP anymore. Companies that cannot generate enough revenue should go bankrupt. Governments have traditionally bailed them out to save jobs. The point will come when they cannot do this. Government revenue will take a hit as people quit paying taxes. This is too depressing. I PVR'ed the 2011 Game 6, Canucks vs Hawks so I will watch Burrows get his goal again... I actually started watching the Bolts Flames series from 2004. As much as I hated the Flames and Oilers the finals in 04 and 06 were great to watch Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 2 hours ago, nuckin_futz said: Yes but credit is free flowing and borrowing costs are really low. So is the consumer really broke? Almost a quarter of the adult population is or was within $200 of defaulting on major payments, mortgages, car loans and more. A massive wave of insolvencies is coming and everyone sees it. They can lower rates; offer credit and more. But can people really take more on. I honestly don't know how almost 4 million Canadians estimated to be so close to bankruptcy, plus business as well. 2 hours ago, nuckin_futz said: You are only looking at the numbers from one side of the ledger. Those ones do not add up and look horrendous. But the Fed is on the other side of the ledger and they have a rather large printing press and are not afraid to use it. But I never factor in the feds, because we're about to see the truth of fiat currency and the end of capitalism. Crony Capitalism, or Corptocracy reign is going to be evident and obvious. The numbers are look at are the real world ones. Having the fed print worthless paper out is only going to end in flame. Kind want to know the over/under of either depression, complete devaluation of the greenback or US civil war over the next 2 years 2 hours ago, nuckin_futz said: Case in point, tomorrow morning employment data comes out. In Canada the unemployment rate is projected to be 20%. In the USA it's projected to hit 16%. None of it will matter because the Fed and the BOC have a bazooka. I think tomorrow my head will pop off. I will see the numbers. I will see what the markets are doing. And I will drink a cup of tea and stockpile more eager amounts of cash in preparation for....who even knows Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 8, 2020 Share Posted May 8, 2020 US Nonfarm payroll for April tumbled -20500K vs -22000K Fri 8 May 2020 12:30:07 GMT The US jobs report for April 2020 change nonfarm payroll -20500 vs -22000K. Prior month revised to minus 870K from -701K previously reported 2 month payroll revisions-214K private payrolls felt -19520K versus -22000K estimate unemployment rate 14.7% vs 16.0% est change manufacturing jobs -1330K vs -2500K est average hourly earnings MoM 4.7% vs 0.4% est average hourly earnings YoY 7.9% vs 3.3% estimate average weekly hours 34.2 vs 33.5 hours labor force participation rate 60.2% vs 61% estimate Labor Department said large number of workers classified as employed, but absent. That likely The unemployment rate at 8 number better than estimated him The numbers came out remarkably near the estimates (give or take 1.5 million). The unemployment rate was better-than-expected however the Labor Department did say that large number of workers classified as employed, but absent. If those tilt to unemployed the unemployment rate would be higher. The US labor department is out saying that the unemployment rate would be 5% higher if that workers were classified correctly. That would take the unemployment rate to near 20% (19.7%). ******************* The huge jump in hourly earnings is explained by it being an average and a huge amount of the jobs lost are lower paying jobs. ******************************** Canada April employment change -1993.8K vs -4000K expected Fri 8 May 2020 12:30:11 GMT Canadian employment report for April 2020: Worst report ever Prior was -1010.7K Unemployment rate 13.0% vs 18.1% expected Prior was 7.8% Full time -1472K vs -474K prior Part time -521K vs -536K prior Participation rate 59.8% vs 61.4% exp Prior participation rate 63.5% 97% of those newly unemployed expected to return to former job once shutdown relaxed Full report The headline is much better than expected but when you drill down into the numbers, there are so many caveats and they all paint a darker picture. More than one-third (36.7%) of the potential labour force did not work or worked less than half of their usual hours compared to 11.3% in Feb before the pandemic and 12.8% at the peak of the 2008/09 recession. The number of people who were employed but worked less than half of their usual hours for reasons related to COVID-19 increased by 2.5 million from February to April. Self-employed people were little-changed at 2.0m but 1.2m of them worked less than half the number of hours and 38.4% worked no hours. As of the week of April 12, the cumulative effect of the COVID-19 economic shutdown-the number of Canadians who were either not employed or working substantially reduced hours-was 5.5 million, or more than one-quarter of February's employment level. The April unemployment rate would be 17.8%, when adjusted to reflect those who were not counted as unemployed for reasons specific to the COVID-19 economic shutdown. 1 Link to comment Share on other sites More sharing options...
Boudrias Posted May 8, 2020 Share Posted May 8, 2020 9 hours ago, Warhippy said: I actually started watching the Bolts Flames series from 2004. As much as I hated the Flames and Oilers the finals in 04 and 06 were great to watch I should have known. The 2011 game went into OT and SN didn't carry it to conclusion. I was enjoying every shift. Burrows and Kesler were having such a good game. They should have replayed some of the 2011 games prior to the Sedin night. Link to comment Share on other sites More sharing options...
HI5 Posted May 8, 2020 Share Posted May 8, 2020 Markets are all nice and green with all the job losses, I think too many people took Warren Buffetts quote a little too literally. Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 2 hours ago, nuckin_futz said: US Nonfarm payroll for April tumbled -20500K vs -22000K Fri 8 May 2020 12:30:07 GMT The US jobs report for April 2020 change nonfarm payroll -20500 vs -22000K. Prior month revised to minus 870K from -701K previously reported 2 month payroll revisions-214K private payrolls felt -19520K versus -22000K estimate unemployment rate 14.7% vs 16.0% est change manufacturing jobs -1330K vs -2500K est average hourly earnings MoM 4.7% vs 0.4% est average hourly earnings YoY 7.9% vs 3.3% estimate average weekly hours 34.2 vs 33.5 hours labor force participation rate 60.2% vs 61% estimate Labor Department said large number of workers classified as employed, but absent. That likely The unemployment rate at 8 number better than estimated him The numbers came out remarkably near the estimates (give or take 1.5 million). The unemployment rate was better-than-expected however the Labor Department did say that large number of workers classified as employed, but absent. If those tilt to unemployed the unemployment rate would be higher. The US labor department is out saying that the unemployment rate would be 5% higher if that workers were classified correctly. That would take the unemployment rate to near 20% (19.7%). ******************* The huge jump in hourly earnings is explained by it being an average and a huge amount of the jobs lost are lower paying jobs. ******************************** Canada April employment change -1993.8K vs -4000K expected Fri 8 May 2020 12:30:11 GMT Canadian employment report for April 2020: Worst report ever Prior was -1010.7K Unemployment rate 13.0% vs 18.1% expected Prior was 7.8% Full time -1472K vs -474K prior Part time -521K vs -536K prior Participation rate 59.8% vs 61.4% exp Prior participation rate 63.5% 97% of those newly unemployed expected to return to former job once shutdown relaxed Full report The headline is much better than expected but when you drill down into the numbers, there are so many caveats and they all paint a darker picture. More than one-third (36.7%) of the potential labour force did not work or worked less than half of their usual hours compared to 11.3% in Feb before the pandemic and 12.8% at the peak of the 2008/09 recession. The number of people who were employed but worked less than half of their usual hours for reasons related to COVID-19 increased by 2.5 million from February to April. Self-employed people were little-changed at 2.0m but 1.2m of them worked less than half the number of hours and 38.4% worked no hours. As of the week of April 12, the cumulative effect of the COVID-19 economic shutdown-the number of Canadians who were either not employed or working substantially reduced hours-was 5.5 million, or more than one-quarter of February's employment level. The April unemployment rate would be 17.8%, when adjusted to reflect those who were not counted as unemployed for reasons specific to the COVID-19 economic shutdown. In the US the adjusted numbers are closer to 26% with how they really tally unemployment numbers. Canada seems to actually have beaten projections. The month to month jump is almost 5% less than estimated, but yes the underemployed by hourly metrics is alarming. Yet, like I said last night, the numbers will come out, dictating what SHOULD happen. Yet what is happening is the literal and exact opposite. This makes absolutely no sense at all. Capitalism is officially dead https://liveindex.org/americas/ Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 59 minutes ago, Boudrias said: I should have known. The 2011 game went into OT and SN didn't carry it to conclusion. I was enjoying every shift. Burrows and Kesler were having such a good game. They should have replayed some of the 2011 games prior to the Sedin night. If you can, honestly watch the flames bolts in 2004. Iginla, Lecavelier, StLouis all in their prime. Was a rough and skilled series. The Canes vs Oilers in 06 was absolutely brilliant because aside from like 2 big names between the two teams it was young kids 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 8, 2020 Share Posted May 8, 2020 26 minutes ago, Warhippy said: In the US the adjusted numbers are closer to 26% with how they really tally unemployment numbers. Canada seems to actually have beaten projections. The month to month jump is almost 5% less than estimated, but yes the underemployed by hourly metrics is alarming. Yet, like I said last night, the numbers will come out, dictating what SHOULD happen. Yet what is happening is the literal and exact opposite. This makes absolutely no sense at all. Capitalism is officially dead https://liveindex.org/americas/ Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 5 minutes ago, nuckin_futz said: But, it's not socialism because it's just tax money going towards billionaires and an artificial money making scheme called the NYSE It's only socialism if it is tax money going to help people. As evidenced by most news stories today. Side by side stories of the oil patch asking for money vs the job reports. People saying the government needs to bailout the oil patch, but then going to another story and claiming that the government has destroyed the economy by giving people cerb money or subsidizing wages. I do wonder if there will be an AHA moment for the right in North America when they realize that the bulk of all monies given out have gone to businesses and is in fact socialism 1 Link to comment Share on other sites More sharing options...
inane Posted May 8, 2020 Share Posted May 8, 2020 16 minutes ago, Warhippy said: But, it's not socialism because it's just tax money going towards billionaires and an artificial money making scheme called the NYSE It's only socialism if it is tax money going to help people. As evidenced by most news stories today. Side by side stories of the oil patch asking for money vs the job reports. People saying the government needs to bailout the oil patch, but then going to another story and claiming that the government has destroyed the economy by giving people cerb money or subsidizing wages. I do wonder if there will be an AHA moment for the right in North America when they realize that the bulk of all monies given out have gone to businesses and is in fact socialism It's been this way for decades, why would now be different. They actively want this because trickle down. Link to comment Share on other sites More sharing options...
aGENT Posted May 8, 2020 Share Posted May 8, 2020 8 minutes ago, inane said: It's been this way for decades, why would now be different. They actively want this because trickle down. It would be funny if it wasn't so sad. Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 17 minutes ago, inane said: It's been this way for decades, why would now be different. They actively want this because trickle down. I worked trades for about a decade. Closely with plumbers on the slabs we built some times. I know what trickles down. I don't want any of it Link to comment Share on other sites More sharing options...
Warhippy Posted May 8, 2020 Share Posted May 8, 2020 Interesting take on things. Beyond rosy hopes though https://www.cnbc.com/2020/05/08/why-the-market-is-up-even-with-historic-job-losses.html Link to comment Share on other sites More sharing options...
NucksPatsFan Posted May 8, 2020 Share Posted May 8, 2020 Do you guys/girls have a preferred stock chart website/app, or do you just use the broker's website you use? I looked into ThinkorSwim but it's or TD customers only. I downloaded StockSpy on my Mac today and will try that but I'm not the biggest fan of their interface. This is just to track charts, not trade through. Link to comment Share on other sites More sharing options...
HI5 Posted May 8, 2020 Share Posted May 8, 2020 CIBC’s stock tracker sucks, but they’re trade fees are a bit more favourable than the competition. I use the PortfolioTrader app and Stockhouse but they’re both with 15min delay. Link to comment Share on other sites More sharing options...
Standing_Tall#37 Posted May 8, 2020 Share Posted May 8, 2020 18 hours ago, Warhippy said: I actually started watching the Bolts Flames series from 2004. As much as I hated the Flames and Oilers the finals in 04 and 06 were great to watch The one I remember was the 07 playoffs Anaheim vs Ottawa. I was only 3 seasons removed from playing Jrs and I was having a bbq and people/old teammates over for beers. And we were cheering for Ottawa of course. But one of our buddies was pretty upset, that’s when we realized his Brother was in the Anaheim organization. Played for either Portland or Rockford? At the time Link to comment Share on other sites More sharing options...
NickTheGreek Posted May 9, 2020 Share Posted May 9, 2020 On 5/3/2020 at 8:38 PM, AriGold2.0 said: May see ? It's happening, and it's going to be big. I've been waiting for it, it's almost time to pounce. SQ has been calling my name for a while, I missed the boat at 47.9 because I was a chicken. Won't happen this time. I'm going to be dumping around 30K into the bank of the future. Below is one of the best articles about Square and it's very bright future. https://www.fool.com/investing/2019/11/14/where-will-square-be-in-10-years.aspx Good sir, I owe you a drink I put a significant amount of money into Square based on this post and reading that article along with several others. Bless your soul Link to comment Share on other sites More sharing options...
Boudrias Posted May 9, 2020 Share Posted May 9, 2020 2 hours ago, NickTheGreek said: Good sir, I owe you a drink I put a significant amount of money into Square based on this post and reading that article along with several others. Bless your soul Great article from Mootley Fool. That said I think I will stick with my V. Want to see what they do with Plaid. Link to comment Share on other sites More sharing options...
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