Fitz:
I hereby whack you seven times with a wet noodle for mentioning "Cramer" and "analyst" in the same post. All I had to do is watch him for 5 minutes and I realized it's a show, "for entertainment only". Personally I have zero sympathy for anyone who takes his "advice". Since December, he's made about 1,000 other recommendations so nobody remembers, least of all him.
OK, about margin. I've always been lazy about this, in the past it hardly seemed to matter. My accounts were with Scottrade, but recently Scottrade was acquired by TD Ameritrade. I have cash, IRA, SEP and ROTH accounts. The latter three have no margin options.
When I say "cash", I mean that if I sell shares in it I have to pay taxes that year. I can buy on margin, remove money any time without involving the IRS etc.
However, I'd like to do my small part to "screw 'em in the shorts", so for the cash account what do you mean "keep your IMMU shares in the cash side of the account"? I realize Ameritrade isn't playing the same games as Schwab apparently is, but still wondered.
Second, I remember a rumor that if you put in a sell order with an absurd limit (say $100, and if it suddenly sold at that price before I could bump it even higher I'd survive somehow) that would effectively keep them from being loaned for shorting. I never checked it out, but this link thinks so: contracts-for-difference.com
Finally, let's everybody move shares to a place they can't be loaned for shorting, can't hurt...
Thanks,
Erick
And I'll third the comments about how much help this board has been in terms of me being able to endure (sometimes more gracefully than others I'll admit) over the years. In my more self-congratulatory moments I think that keeping the trolls off also made it easier for the people doing serious research to stay.... |
