Hi, TDA does not charge a fee to transfer to them However the other firm may charge you to leave. (I don't want to pay them for me to leave)
I may have to hold my day trades till tomorrow or next week. Like SIRI they are stalled just a little too low for me to sell. (I'm not looking to sell SIRI just mean the SP is presently not moving)
Last edited by mogami; 03-26-2009 at 12:30 PM.
No no no. You are completely wrong and in fact, have it backwards.
We will use another analogy. It is like you own Sirius XM debt. Back a month or so ago, it was valued at 10-20 cents on the dollar, yet Sirius is still making it's payments. Your earnings show a "value" of 10 cents on the dollar, but Sirius has not defaulted yet and probably never wil. You will make all of your money back and more, yet your "value" of that is 10 cents on the dollar.
These banks are still getting paid on almost EVERY SINGLE PENNY of debt they own, yet they are cutting their book value based on what they could sell it for today.
Pure number terms: You bought your house for 500k dollars. Your loan is for 500k dollars. The house, as of today, is only worth 300k dollars. Did they change the terms of your loan? Of course not. You still owe 500k, but in their earnings, they are writing down 200k in value. There is a 95% chance that you will continue to make every single payment and fully pay off that 500k. But when they report earnings, they announce that they lost 200k on your loan. They have not "lost" a penny, except on paper. Multiply that by 1 million lenders, and all of a sudden you have a 2 billion dollar "loss" for the quarter. Nothing but paper.
Glad you're out there - was hoping you were lurking....
I am glad I upped the anty to LVL 2 access in my TDA account... it's taking a little time to get used to having so much info.
now I understand why my quotescope wasn't working for SIRI before - since it was nasdaq stock - only non-nasdaq was working before my upgrade...
I think we'll have a good EOD rise.... I can feel it.... now if I can just will it to happen...
Folks looking for a short term buy might want to look over HSWI. At this moment it is at .164 thats .0201 off yesterdays close and .016 below todays open. Todays open was .0047 below yesterdays close.
It's a funny stock. Company has COH for 2 years and no debt. But low revenue. Have to see 1st Qtr results for long term commitment.
Apple is going to raise the price for downloads by 30% , starting april.
In my humble opinion this should be good news for Sirius.