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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus who wrote (12203)10/18/2011 11:26:03 PM
From: Elroy  Read Replies (1) | Respond to of 20435
 
Next trading day is Friday (you can trade Friday and Tuesday), so remind me on Friday (before the close) please or I'll likely forget.



To: Lazarus who wrote (12203)10/19/2011 12:09:55 AM
From: Sr K  Read Replies (1) | Respond to of 20435
 
elroy - if this is possible - could you sell my DEXO and then rebuy it using all my avail funds?

You can't rebuy it using all your avail funds because that would go over 50% in one stock. Unless you know something you shouldn't trade on in this game, what's the point of paying 1% to add more of DEXO and still wind up with a cash position?

With a low-priced stock, the position percentages could change a lot by Friday. If you make this a proper order, you can also do something with the remaining cash that can't go into DEXO.

BTW DEXO and SPMD have similar histories and predicaments, IMO. They each changed their name when they exited bankruptcy. When BellAtlantic or Verizon spun out their Yellow Pages business, it was renamed Idearc and still had $9 billion of debt, and maybe pension obligations. They suffocated on the debt, filed Chapter 11 and exited as Supermedia. Both companies have too much debt and are unprofitable. AFAIK.