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Lancaster

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Everything posted by Lancaster

  1. My job is actually monitoring client's portfolio and making sure I don't have to sell out client's portfolio, but there are stringent conditions required before you can sell out (at least where I work). The client will have to be buying/sell on margin and they are way under-margined for their position (or purchased stock without margin but don't have cash upfront to fund the actual transaction). A hypothetical scenario.... yesterday they purchase a whole bunch of AMC, BB, and GME shares on margin. As I believe all three of those stocks are way down today, the client may have been hit with a margin call. Normally the client will be notified that they are under margin and will have a day or two to cover (sometimes less if they're really in the hole), whether by liquidating some other non-marginable assets, scaling down marginable assets, or transferring in additional funds. Assuming no action is taken, the firm can decide to sell (usually the most recent or volatile assets) to cover to protect the financial firm.
  2. This should be proof enough that the politicians doesn't give a damn about the average person. All the politicking between left vs right is just theatrics to divert the attention of the masses from the fact that the politicians and their overlords are crafting an environment where they want to be the only real winners. Buying/sell investment can almost be like exercising your freedom of speech/movement.... but you're using your money to do it. The next battle front will be people, governments, businesses deciding whether money belongs to the people (private) and governments just get part of it to use.... or money belongs to the government and people are just only allowed to use it.
  3. Maybe those people should start a GoFundMe campaign. "Please donate money. They need your support. Did you know.... they have multiple mortgage payments to make? That beachfront house in Maui, the cabin in Aspen, the penthouse across from NYC Central park.... those are just some of the properties that may face foreclosure. They are a pillar of our society and we don't want them to lose their homes... their own homes. Please, please donate money today, before they have to send their children to a states college instead of a private university... Give now!"
  4. I find JV relatively weak when battling along the boards. Poor positioning, poor compete level and he is not proficient cycling along the boards. Jake likes to play the North-South game, but players that are successful are rare (McDavid, Ovechkin, McKinnon, etc). He should be driving to the net and buzzing around there for rebounds, but he is sometimes too fixated on just using his wrist shot.
  5. Due to curiosity.... It's actually a private company. https://astroglide.com/about
  6. Only 49 out of my 50 positions went down today. I should have invested in some Astroglide... would have made my day a bit less painful.
  7. Thousands and millions of individuals making their own financial decisions and making an impact on the markets.... what's that word again? Oh yes... free market capitalism. What these firms want is cronyism.... work some angle to transfer wealth to them from everyone else.
  8. As long as they're business expenses and can justify it, I don't see any problems with that. If they want to take their clients out to a caviar dinner... that's their own prerogative. I mean.... how many small business owners are writing-off their car and mortgages for tax credits? Would the advisor who take their client out for Starbucks be allowed to claim that? How about the tutor that teaches over lunch? Should there be a limit on what is acceptable? Say only the equivalent of a Toyota Yaris, a 1BR shack out in Bella Coola, and $1 McCafe can be claimed? I'm not saying you're wrong for pointing out excesses... but blame the game, not the players. Plus if we were in a similar position (wishing we all will be rich in the future), we would probably max out our tax deductions.
  9. Except those "fat cats" tend to donate to charity for the tax credits....
  10. Lots of articles and other video segments by the institutions claiming how it's "not fair", it's "market manipulations", "crappy", etc. Not just due to GME, BB, etc., today.... but SPAC's too. It's like individual investors realizing that collectively they have more sway than any hedge fund, financial institution, bank, and any of huge market players.... and those power-that-be aren't happy about it.
  11. That would be the most stupidest idea ever. If you're even thinking of holding non-distributing assets long-term, you'll constantly have to liquidate part of your portfolio just to pay taxes. Imagine you put $50000 on Tesla stocks 1 year ago.... and now that it went up 10x, you are now a taxable liability of $250,000 x (whatever tax rate). I also get the feeling that they won't be implementing a Unrealized Tax Loss Credit.
  12. Overnight on the Berlin Stock Exchange, it was up to 32 Euros.... then at 10am their time, it immediately tanked.
  13. It is about the scope as well. Assuming that just 0.01% of the people exposed get really messed up.... that's still about 33000 people. Lead pipes was also a big enough issue that John Oliver did a segment on it a few years ago: Lead pipes isn't the be all end all, but it's just 1 one a multiple of issues facing the average American.
  14. While it's from a movie, this phrase should give people some second sober thought regarding what is taught and pushed to us and society as a whole. "Contempt for money is another trick of the rich to keep the poor without it."
  15. A lot depends on region. Issues the US has is vastly different than say those in Nepal. (incoming ranting) I mentioned many times on other threads, the US has structural problems. Not in terms of racisms, inequalities or whatever..... just health wise. When you think of Americans, violent and dumb are some of the first few attributes that comes to mind, but why is that? It is a genetic thing? Unlikely considering it's multicultural and not unless you also believe in eugenics (a discussion for another thread). So it's all environmental.... cultural, diet, and other social/biological factors. Culture plays a huge role.... Black culture is different from White culture, Asian and Jewish's points of view regarding money and education are different from other cultures. Some cultural values and interpretations may lead one to be better equipped or less prepared for our marketplace economy. There is an interview with Charles Barkley and when he's talking to high school kids about their future goals.... he said white kids says they want to be firefights, doctors, etc. Black kids says they want to grow up to be rapper, basketball players, etc. It's good to have dreams, but near impossible dreams will hinder your eventual reality. Inability to grow financially creates problem socially.... eventually turning in a endless cycle where poverty creates more poverty, etc. Alternatively, wealthy families goes off to have more wealthy families. Then there is the issue with lead and other contaminants in water. 33% of the state of New York has elevated levels of lead.... and what does lead exposure causes.... lower IQ, lower inhibition for violent outbursts, poor health, inability to concentrate, etc.... pretty much violent and stupid. How this relate to politics.... politics is just theater. It's a show by those wishing for power and wealth to remain in the position of power to garner more wealth. Replacing lead pipes with non-lead pipes isn't a partisan issue.... who would vote against that? But make it into a left-right fight and people will reject it. Make the average person incapable of seeing the bigger picture... have some form of "2 minute of hate"... then you have a docile populace that is easy to control.
  16. To be fair, lots of crazies on both sides. In some countries, left-of-centre are out committing insurgencies, etc. In some countries, right-of-centre are out committing insurgencies, etc. Is the rioting at the Capitol Hill more egregious because of it's location? Were those violent rioting by BLM/Antifa more accepting because "they mean well"? Idiots and morons will always find justification to try to rationalize their violence. Those arguing left vs right is akin to claim that the smell of their own feces is more tolerable that the other person's..... kinda missing the bigger issue.
  17. Most of the time the prospect is valued less than the pick itself. Draft picks is like cash, the prospect is a piece of art.... could be priceless or could be wrapping paper.
  18. For those holding PDAC (myself included).... a director has resigned from the company and has taken an advisory role with the Biden Administration. https://sec.report/Document/0001193125-21-013659/ The resignation was not due to any disagreement or anything. This should be good news for the SPAC.
  19. It depends on what your goal is. Most of the posts here are short-medium term trades for the most parts, not really the best for someone starting out. I am mostly on Reddit, Stocktwits and also on CDC for ideas. Still gotta do your own research of course, but if someone is interested in a specific stock, you might want to figure out the rationale behind it and whether it's legit or not. I think I took a few stock tips from Arigold, NucksPatFan, Sp3nny, and Warhippy (probably a couple of other posters too)... and have done well overall, albeit a dud here and there too. Lets just say I trust regular posters on CDC more than Reddit or Stocktwits. CDC isn't really a pump & dump kind of place anyways.
  20. Yep. I also picked up GB. The warrants are up 50%.... but I can't seem to find any news why.
  21. So you're saying he's going to get his scoring touch back...
  22. Not impossible, but a little late in his career now. There were a couple of times the Canucks did move a forward to play defense (usually due to in-game injuries). Alex Burrows was apparently pretty decent at it. Mike Santorelli was surprisingly pretty okay at it as well. Brent Burns was drafted originally as a forward IIRC, but Jacque Martin immediately switched him to play defense. Then there was Sergei Fedorov that probably could have switched to defense too.
  23. Go for warrant plays if you really want the massive gains (but with the added risks). Just reading online.... apparently the SPAC market was even more lucrative last year. I'm also kicking myself for not checking out SPACs earlier.
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