muscleman

I am out again. I don't think the technicals will show immediate jump from here. I'll closely watch this to see if it is worth another shot.

I thought when rates go up, people sell utility stocks to buy more bonds? But now I am seeing REITs and Utilities double from 1 year ago and did much better than other sectors.

Got it. Thank you. I don't know who this Gasperino person is, but there seems to be a twitter war between him and Josh Rosner. Is this some important person?

What does exasperino mean? I Googled that word but can't find it.

Well that's where I got interested and started playing with these orders. But I really can't tell the difference. Adaptive order seems to be pretty inconsistent. Sometimes not executing any trades for a long time even though I set the limit to be above the ask price. TWAP seems to stably buy 100 shares every few minutes, but the same with Accumulation/Distribution order. But I am interested in knowing when I should use what order type. I disagree that the plain vanilla limit order is the best though. If you really believe that, you can move your account to Bank of America's Merrill Edge, who gives lots of free trades each month, and they send your order straight to the exchanges just like IB.

I like its Adaptive algo so far, but I am pretty confused with a lot of its other order types. TWAP vs Accumulation/Distribution seems to be doing the same thing. Closing Price also seems to be doing the same thing. Anyone using these advanced order types?

I always thought Utility stocks trade like bonds, but I didn't realize utilities like AWR can go from 37 to 71 in one year, and totally unaffected by the October-December 2018 down turn. Thoughts?

I see some twits that if passed, full Senate vote could happen as early as next Friday? That sounds like a very fast track!

FNMAS is going up way more than anything else, including FMCKJ, which makes me think it is because of that video https://www.realvision.com/tv/shows/trade-ideas/videos/a-new-fannie-mae-play Probably lazy funds saw that and started buying FNMAS without researching other preferred. if you are buying into GSEs only now, you will want to be able to get out fast. LIFO. late comers dont know the trade intimately, lazy or not, and will take a short term profit, so the most liquid series is the best. The LIFO crowd may also not be aware how difficult it is to fool a market maker. I wonder if MMs will really sell inventory at $10 to later have to buy it back at $20... In a way, I am happy with my illiquid preferreds. Nobody who wants out fast seems to be interested in them. Will market makers have less incentive to cut the price in half on exit day when nobody shows up at the door to sell? Market makers will have no problem selling at 10 and later buying back at 20. But there will be millions of trades before that happens. Usually this thing is like bid 9.98 ask 10.01, so they'll keep buying at 9.98 or slightly higher, and keep selling at 10.01 or slightly lower, and do this thousands of times per day.

FNMAS is going up way more than anything else, including FMCKJ, which makes me think it is because of that video https://www.realvision.com/tv/shows/trade-ideas/videos/a-new-fannie-mae-play Probably lazy funds saw that and started buying FNMAS without researching other preferred.

That was what I was gonna ask about. Regarding timing of the next round of events, I don't expect anything big to come before the 19th deadline for asking Calabria questions, but I also wonder if anything material would come before the senate vote? I assume big things before the vote may change the outcome of the vote right? So that puts us at late March. And then 5th circuit aims at 60 days after hearing for the ruling for most cases, so that's also late March.

That's awesome. One less reason to consider the other brokers. :D

Open a ticket with them to ask. I am filing tax today and noticed that Turbotax seems to start supporting importing 1099 from IB now? It wasn't supported before.

Does anyone know when the Calabria confirmation vote will happen? I don't think any material news will come out before that, right?

Their products are a piece of crap. They maintained the market share mostly through bullying customers to sign 20 year contracts for SQL server and other products. But what can their customers do? I heard stories like almost all fortune 500 reps came to the SQL server group to yell at them and were very upset about their crappy product, and then at the end of the day, sign another 20 contract. I was working in the Office group, and one day I got a customer reported bug and was pretty nervous and jumped onto it right away, and got laughed at by other senior devs. They said the first thing to do is to check how big the customer is. If it is not a fortune 500 customer, just tell him to go away. I was shocked by the attitude. Their search engine Bing is a complete failure too. They couldn't compete with Google, so they decided to just query Google and copy the search results, which caused a lawsuit of Google suing MSFT. Guess what MSFT argued? They said something like, Google search engine is free to be looked up by anyone in the world, so that should include MSFT Bing crawlers as well. ;D What about Holo lens? That's a joke too. But I have to admit that they have a huge moat. Fortune 500 companies have no incentive to switch away because saving a few pennies for a slightly better performance while taking huge risks for switching the technology stack just makes no sense to their CEOs. I think MSFT's future will be bright by continuing to squeeze and bully their customers.

That’s an interesting find!

Why does that matter. Members on this board are doing an excellent job posting the most important conversations of that hearing. Thank you guys! :D

I rebuilt the position today in a few preferred series, though obviously not in FNMAS. (Otherwise it would make no sense to sell it yesterday.).

Maybe someone should slap you irrespectively? Emily? If that either helps me avoid losses or help me generate profits, then slap me however he wants. :D

I changed my mind and sold the position for a small loss. I think the technicals are very interesting right now but slightly premature to enter, so I fixed my error. I may get a big slap on the face tomorrow.

Announcing tomorrow would draw too much fire against Calabria hearing, right?

I bought back most of the FNMAS and FMCKJ shares I sold. Technical turning bullish again. But earnings come out tomorrow. Who knows.... I may get slapped in the face really quick.

Ah... some of us may just be in the ignore list. Don't worry. But seriously, to give credit to TA... price formations only reflect behavior patterns of participants. The ones above show indecision. Which we as well seem to have. One day we are bullish, the next we can't take it anymore. Yeah. I've seen countless TAs who behave like that. They always give two alternative scenarios. One is bullish and one is bearish. They never give an exact answer. I can guarantee that these people will never make a dime in the stock market using their own analysis.

You are out. Might be negatively biased. I am in. Maybe positively biased. So I see a high level bull flag, a top level triangle forming like the one formed from 11/16 through 02/17 after which prices broke to the upside. Which may mean another 4 weeks to go before we see any direction. My reading is different. I am curious to see what happens next. :) I am pretty puzzled right now because fundamentally this is very bullish. ::)

hey MM, for me TA seems to be good at measuring sentiment about earnings/business prospects, but with fnmas it seems sentiment about en banc court ruling and what admin plan looks like and how it will be received and whether ms. waters wants to play ball is not something TA is particularly useful at. comments? edit: I do agree that fnmas price has been weak, but that could be TA just showing confusion about prospects which in this name is a given I think the primary difference between FA and TA is: FA: Analysts believe he is smarter than anyone else in the world, and can uncover hidden value that most people don't realize yet. TA: Analysts believe there are smart people who may also be trading on insider info that he is unable to compete with by FA, so he watches the chart for clues of such possible footprint. Therefore, I think for admin reform, given the wide spread discussion between Mnuchin, FHFA, a large number of congress members, it is very likely that the detailed admin plan is already known by guys like Steve Cohen that we don't know, and they will show their hands on the chart. But for the court ruling, I agree it may come as a surprise because there are only a few judges who know the results in advance.