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abcd

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Posts posted by abcd

    If American - which presidential candidate will you vote for? (Oct. Edition)

    in General Discussion

    Posted

    I understand your agony. As an individual with very limited knowledge of financials but with a slightly better understanding of politics, I am thinking I can use this thread to calibrate a contributor (it is for my own personal consumption). Basically, if I disagree with poster xxx, I might attribute less weightage to his (or her) opinion on other threads.

     

    This topic is not worth as much time as it is given - there are more serious topics where one can add value in a better way:

     

            - buy a tesla and help an american company

                  - you are acting like a venture capitalist

            - support a local small business by spending a few dollars on it

            - help another person whichever way we can

     

     

    At the end of the day, you will feel a lot better than this discussion.

    If American - which presidential candidate will you vote for? (Sept. Edition)

    in General Discussion

    Posted

    That's cute, but I was being serious. Was there ever a president that won a write in? A candidate that won a state a write in? I know the answers to these. My question was more about the mentality behind it. Is there some purpose or just some juvenile tantrum in the candy isle?

     

    I remember Lisa Murkowski losing the primary but went on become a senator by contesting as a "write in" candidate. To me that is a successful challenge to the established practice of primaries, which may not be the best practice (mainly a "too left" or "too right" candidate winning the primary and quickly becoming unacceptable for a general electorate).

     

    http://www.reuters.com/article/us-usa-elections-murkowski-idUSTRE6AG51C20101118

    If American - which presidential candidate will you vote for?

    in General Discussion

    Posted

    I wish there was a candidate who had Trump's foreign policy and Clinton's domestic/trade policies. It's amazing how Trump can be so rational with his fp - don't needlessly bomb other nations, be open to talking with other world leaders, even if they may not be our friends. Too bad he's a divisive demagogue here at home.

     

    As far as foreign policy goes, Rand Paul was saying something similar, before he got swallowed by the Tsunami.

    Dear Sanjeev...

    in General Discussion

    Posted

    This reminds me the donkey from Shrek, that says 'I know that half of the bridge is safe', while crossing the bridge.

     

    There are some 7,000 stocks globally...if I don't talk about 10 of them, will that really kill you or destroy the board?  :o  Cheers!

     

    Just a lame attempt at humor, ignore it ...

    I am thinking about switch my broker to IB. Any risks there?

    in General Discussion

    Posted

    If you are away from your desktop/laptop and are likely to trade from your mobile phone, I find their login process cumbersome. They give a credit card sized card with random codes assigned to numbers from 1 to 256 and at login time you are presented with 2 numbers and you are supposed to enter the 6 character code (by looking up your card), which bothered me a lot. It takes more than 45 seconds for me to login (I am old).

     

    There is an electronic alternative to the physical card, which may give you a better experience (I have not tried it).

    Tesla Model S Named Automobile's "Car of the Year"

    in General Discussion

    Posted

    Apologies in advance if I am seen as turning this into a politiocal discussion, but cannot resist bring attention to this line.

     

    Recalling Romney's remark that Tesla was a loser, he said, "In retrospect he was right about the object of that statement, but not the subject."

     

    http://www.slate.com/blogs/future_tense/2012/11/12/elon_musk_s_tesla_model_s_is_first_all_electric_car_to_win_motor_trend_car.html

     

     

    2012 YTD rate of return

    in General Discussion

    Posted

     

    Collaterl must be cash? Why can it not be shares of other companies you own? If the strike price is low enough and the company is one I would like to own for a long time, I would be glad to sell some shares in other investments, to buy a stake in the company I sold naked puts on.

    I know it is not without risk, but, if thought out conservately, I believe it could work.

     

    giofranchi

     

    I am sure experts will correct me (if I am wrong). But it is my experience that collateral need not be Cash. But if it is Cash your put writing power increases because your capital is not tied up.

     

    For example, if you have $10,000 cash and the margin ratio is 2x (meaning your broker allows you to buy up to $20, 000 worth of shares), then you can write puts up to $20, 000. If you have entered into a position with that $10, 000 then you will be allowed to write puts that are worth $10, 000 only.

    Why not CCRT?

    in General Discussion

    Posted

    Thanks finetrader and Hielko (I now understand atleast understand some of the thinking behind why it is trading at $6.32).

     

    Here is my take. I am not looking at it as an investment beyond 12th September.

     

    As long as the total shares tendered does not exceed 12.7 mil,

    my investment is zero (buy 100 shares at $650. Out of 12.7 mil 8.25 will be paid $10, so I will get $650 for my 65 shares and will be left

    with 35 (possibly worthless) shares.

     

    So my breakeven scenario is the shares tendered does not exceed 12.7 mil. If it does I am sc...ed.

     

    Now let me see if I find any details of the earlier offer (like how many were bought back vs how many were tendered etc...)

    that finetrader was referring to.

    Why not CCRT?

    in General Discussion

    Posted

    Let us say you buy 100 shares today at $650 and with a (big) assumption that the offer will go thru,

    you have a chance of at least 35 shares to be sold for an amount of $350

     

    But you have close to zero percent chances of 100% of the shares showing up for buy back.

    The lower the number of shares tendered for buyback the lower your entry point will be post buyback.

     

    If number of shares tendered is        Your entry point post buyback will be

    23.7 mil           650-350/65 = $4.61

    11.85 mil           650-500/50 = $3

    < 8.25 mil           Your investment appreciates by 53.8 percent

     

    I don't know if they have any frivolous conditions under which they can cancel the buyback. Hoping that the 'Letter of offer terms' will provide the answer.

     

     

    Why not CCRT?

    in General Discussion

    Posted

    CCRT announced a buy back offer to purchase up to 8.25 million shares

     

    http://finance.yahoo.com/news/compucredit-holdings-corporation-announces-tender-210000481.html

     

    As per the information, there are 23.7 million shares outstanding apart from 1.7 million shares short.

     

    Float seems to be around 6.x million shares.

     

    Did not get to see the Offer terms but on the surface looks like a fair chance to get $10 (few weeks down the line) against the trading price of $6.5 today.

     

    Does anyone know of any intricacies where your validly tendered stock will not be bought back?

     

    I am assuming there is something, otherwise market will not provide a guaranteed 50% return opportunity in few weeks.

     

    Anyone?

    Atul Gawande on healthcare bill

    in General Discussion

    Posted

    I am thinking Health Care industry has been given a lot of leverage with more than enough Profit Motive the last so many years and yet the situation has only worsened.

     

    It may be time to do something rather than sit by and watch the consequences. I understand what is being proposed is not well liked. Sometimes making it worse may motivate powerful people to work closer and address the issues.

     

    Coming to the tax part of the act, If I were targeted by this tax, I will not sympathize with myself for being taxed. As of now, I am forced to take automobile insurance, though I am not destroying someone's property everyday and I am not complaining about this.

     

    And as far as the number of peolpe traveling to get services outside, I think it is their personal finances that is driving this rather than which country's government is more intrusive on their health care systems. I believe a lot of people from India are travelling to Europe or Noth America just because they can afford it and don't want to take a chance in their own country.

     

    Similarly I would speculate a lot of the 46, xxx Canadians would have travelled because they are rich and can afford it. I would also speculate that if every american is treated like a candian by Canadian Health Care system, millions of americans will drive to Canada to get the services (despite the presence of a socialized system).

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