Search found 1709 matches

by Tanelorn
Mon May 25, 2020 10:20 pm
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 67
Views: 6633

Re: Hertz is declaring bankruptcy

Looks more like liquidation than reorganizing to me. Here’s some coverage on the details.

https://wolfstreet.com/2020/05/24/hertz ... up-supply/
by Tanelorn
Thu May 21, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Darth Xanadu wrote:
Thu May 21, 2020 11:58 am
Please freeze my position in DOCU today.
Congrats on your 79% gain in DOCU, sold at $132.85.

In other news, I think I temporarily fixed the JCP quotes with their new otc ticker, so the spreadsheet should be working well again for everyone.

Current Standings - 2020 hedge fund contest
by Tanelorn
Wed May 20, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

I want to close my JCP position at the close today. It looks like JCP was delisted so it's breaking the spreadsheet. I'm not sure how you get the final price, or is it whatever it was when the stock was delisted? Closed on 5/19 at $0.1123/share, a nice 87% gain for your short in JCP. Well timed too...
by Tanelorn
Tue May 19, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

I want to close my JCP position at the close today. It looks like JCP was delisted so it's breaking the spreadsheet. I'm not sure how you get the final price, or is it whatever it was when the stock was delisted? JCP has been delisted on account of their bankruptcy and now trades OTC with the ticke...
by Tanelorn
Fri May 15, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Please close my JCP position at the close today. Thank you. Done, closed your short at around $0.24. Quite a surprising turn of events actually, their stock ran way up on them making a delayed interest payment earlier today. Then they filed for bankruptcy this evening (Perhaps less surprising was h...
by Tanelorn
Tue May 12, 2020 6:41 am
Forum: Personal Investments
Topic: Ecolab Reverse Morris Trust
Replies: 1
Views: 297

Re: Ecolab Reverse Morris Trust

You can read about many of the risks and tax consequences here. https://www.sec.gov/Archives/edgar/data/1789542/000119312520129668/d879781d424b3.htm#toc879781_25 Briefly, the number of shares you will get is a very complicated function of both stocks’ future prices subject to caps and various other ...
by Tanelorn
Wed May 06, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: The Fed buying Corporate Bond ETFs
Replies: 90
Views: 5270

Re: The Fed buying Corporate Bond ETFs

How does the Fed exit and what affect will that have on the ETF? Do ETF managers have to disclose Fed ownership? e.g. "This ETF holds garbage, but since the Fed is buying it by the boatloads it has no risk!" Persumably the Fed will at some point start to sell off their ETF holdings in the same way ...
by Tanelorn
Wed May 06, 2020 5:10 pm
Forum: Investing - Theory, News & General
Topic: The Fed buying Corporate Bond ETFs
Replies: 90
Views: 5270

Re: The Fed buying Corporate Bond ETFs

The exit strategy is clear as mud.....as the securities mature, the proceeds will simply not be "reinvested" in the markets... They will also hold the securities until such decision has been made to exit. The fixed income ETFs don’t ever mature tho, the ETF managers just keep buying new bonds with ...
by Tanelorn
Mon Apr 27, 2020 7:42 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Too bad I didn't see this earlier as I would have joined. Just had a look at the spreadsheet and am a bit surprised how many people are up. Less than half but i expected less for some reason. The average contestant is down 3-4%, while the market is down 15% and an appropriate market benchmark, give...
by Tanelorn
Sat Apr 25, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Close my TDOC position as of today's close. And we have a new leader! FinancialDave takes 1st place with his single and prescient pick of Teladoc Health, a stand out choice as the coronavirus has upended many companies and left the market down 15% for the year even after a fairly impressive rebound...
by Tanelorn
Sat Apr 25, 2020 6:22 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Looks like one of my shorts (FTR) filed for bankruptcy last week. Somehow I missed the news! Am I allowed to ride it all the way to zero for a 100% gain? I believe the stock may have been delisted as it’s not coming through in the spreadsheet. https://finance.yahoo.com/news/frontier-communications-...
by Tanelorn
Thu Apr 16, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: Press Release 4/16/20– Vanguard Closes Treasury Money Market Fund to New Investors
Replies: 46
Views: 4094

Vanguard Treasury Money Market now closed VUSXX

[merged this post and replies into the existing thread - moderator prudent] With yields headed to zero, Vanguard closes the fund to new investors to slow that process and avoid dilution. https://www.prnewswire.com/news-releases/vanguard-closes-treasury-money-market-fund-to-new-investors-301042326.h...
by Tanelorn
Thu Apr 16, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Thanks. I've updated the spreadsheet to reflect the adjusted prices for the CHK reverse split.
by Tanelorn
Tue Apr 14, 2020 1:52 pm
Forum: Personal Investments
Topic: How long for wire transfers?
Replies: 12
Views: 689

Re: How long for wire transfers?

What is your experience lately wiring money between banks and brokerages? Is my experience typical? Are you seeing similar delays? Not typical but not out of the range of possible these days. My bank was very busy having closed many branches and trying to have people work from home that sometimes l...
by Tanelorn
Sat Apr 11, 2020 6:54 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58937

Re: Interactive Brokers (Best Kept Secret)

Somewhere in IB systems, one can specify priority order for liquidating security.. I never use it but I know the functionality exist. That feature is called “liquidate last” and you can set yes/no flag for each position. It’s not absolute, but presumably their system tries to sell other securities ...
by Tanelorn
Sat Apr 11, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58937

Re: Interactive Brokers (Best Kept Secret)

When I opened the Schwab account, it had something that I didn't expect. It asked if I wanted to use my other Schwab accounts as collateral for this account. I chose yes because it allowed the account to be opened immediately instead of having to go through the usual process to approve a margin acc...
by Tanelorn
Fri Apr 10, 2020 10:05 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58937

Re: Interactive Brokers (Best Kept Secret)

At Schwab, even if I had, say $100,000 of buying power, I can enter limit orders below the market prices for a variety of securities that add up to way more than $100,000. Wow! That's umm..., how to put it lightly, breaking Reg-T/FINRA rules. Under Reg-T any outstanding limit order needs to use buy...
by Tanelorn
Tue Apr 07, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: Macy’s dropped from s&p 500
Replies: 71
Views: 6965

Re: Macy’s dropped from s&p 500

Index providers have trading desks to use strategies for implanting large trades over time to reduce the hit of trying to fill a large order in one go. They do not need arbitragers to accumulate large positions ahead of fulfilling a single trade because of the trading strategies they use. Maybe so,...
by Tanelorn
Tue Apr 07, 2020 7:13 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 58937

Re: Interactive Brokers (Best Kept Secret)

The only minor complaint that I have with IB is that they really raise the mx maintenance margin requirements in Times with heightened volatility like now. My margin to equity ratio was 20-25% before this pandemic and then your account value drops 30% and all the sudden the mx margin is now 50%. Ye...
by Tanelorn
Sat Apr 04, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Macy’s dropped from s&p 500
Replies: 71
Views: 6965

Re: Macy’s dropped from s&p 500

It makes sense because indexers want to get their trades done before the market participants who want to front run them. If they were not going to implement index changes in the period between announcement and index change there would be no reason to have the index change be implemented at a later ...
by Tanelorn
Thu Apr 02, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: Macy’s dropped from s&p 500
Replies: 71
Views: 6965

Re: Macy’s dropped from s&p 500

I don’t think either of these positions are correct. The index providers and other market participants all get the announcement at the same time and decide on their own strategies. By the time the actual changes are reflected in the indices, all the trading would normally have previously been compl...
by Tanelorn
Tue Mar 31, 2020 11:34 pm
Forum: Investing - Theory, News & General
Topic: Macy’s dropped from s&p 500
Replies: 71
Views: 6965

Re: Macy’s dropped from s&p 500

Don't the index providers get a heads-up from S&P to prevent front-running? Carrier already jumped up about 8% right after the announcement. No. The index investors will buy Carrier at a premium as that stock price reflects and quite likely sell Macy’s at a worse price than their recent price. It’s...
by Tanelorn
Sun Mar 29, 2020 2:18 am
Forum: Personal Investments
Topic: Schwab Cost-Basis Issue - Am I screwed?
Replies: 3
Views: 527

Re: Schwab Cost-Basis Issue - Am I screwed?

Good luck and I think all you can do is talk to Schwab about fixing the order of what you sold to be consistent with your request at the time. That said, if you’ve got large capital gains from this and no other losses you can realize in your investment portfolio right now, I’d count yourself lucky. ...
by Tanelorn
Tue Mar 24, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Thank you for the option. I will close out the short position on BBBY. Please freeze my position in Boeing. I’ve updated the spreadsheet to reflect your trades. Nice timing for both of your short covers - the market is way up today, and both BA and BBBY are up +15-20% so far. Current Standings - 20...
by Tanelorn
Sat Mar 21, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

We are closing our short position on BBBY effective immediately (expecting 23 March end of day) with a total gain of 66.67% thanks to its fall from $15 per share to $5 per share. This stinker is going to $0 and we need to exit the short position prior to delisting to harvest the gain. We will maint...
by Tanelorn
Tue Mar 17, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

finite_difference wrote:
Tue Mar 17, 2020 8:35 am
Is it permitted to cash out short positions?
Yes. You can close a long or short position at the next market closing price by posting your trade here in this thread.
by Tanelorn
Mon Mar 16, 2020 9:45 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Well it was another record today, 3/16/20, and the S&P500 was down -11%. After these wild swings, our total market benchmark is now down around -27-28%. As you might expect, the vast majority of our contestants’ stock picks are down if they were long and in the money if they went short. In fact, the...
by Tanelorn
Mon Mar 16, 2020 5:49 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

“It’s just the flu”
Looks at brokerage account balance
“I feel sick”
by Tanelorn
Sat Mar 14, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Rebalancing with options 2020
Replies: 0
Views: 132

Rebalancing with options 2020

This is a sophisticated idea but perhaps much more timely given the super high volatility in the markets right now. If you have rebalancing rules for your equity portfolio, say for a 5-10% change, it’s entirely possible those were triggered recently, possibly 2-3 times in both directions just last w...
by Tanelorn
Thu Mar 12, 2020 8:14 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Wikipedia tells me that today, 3/12/2020, was the 4th worst day for the US stock market since they’ve been keeping track, with the S&P down around 10% for the day (the three even worse ones included the 1987 crash and two days from the 1929 crash). It certainly felt that way to me for my investments...
by Tanelorn
Thu Mar 12, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2628921

Re: U.S. stocks in free fall

I gotta say today was one of the worst days I’d seen in the market and it’s getting to be a while I’ve been investing. Not just how much the whole market was down, but how the spreads were wide and liquidity was poor and many things were trading chaotically.
by Tanelorn
Sun Mar 08, 2020 6:49 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190810

Re: Bogleheads community discussion - Coronavirus

Italian situation https://www.corriere.it/cronache/20_marzo_07/coronavirus-stiamo-creando-terapie-intensive-anche-corridoi-cb01190a-60be-11ea-8d61-438e0a276fc4.shtml?refresh_ce-cp For non italian readers, via google translate https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%...
by Tanelorn
Sat Mar 07, 2020 9:31 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190810

Re: Bogleheads community discussion - Coronavirus

Good interview with an epidemic expert. He’s very concerned about the higher death rate (vs the flu) and the high level of contagiousness.

https://m.youtube.com/watch?v=dcJDpV-ig ... e=youtu.be
by Tanelorn
Fri Mar 06, 2020 7:41 am
Forum: Investing - Theory, News & General
Topic: Zero cost ETFs coming?
Replies: 7
Views: 403

Zero cost ETFs coming?

First we had zero cost mutual funds, and now it looks like the first zero cost ETF. https://finance.yahoo.com/news/zero-cost-etf-war-sees-160643090.html The New York-based firm is launching the BNY Mellon Core Bond ETF, or BKAG, the first ever no-fee U.S. fixed-income fund, according to a statement ...
by Tanelorn
Fri Mar 06, 2020 7:38 am
Forum: Personal Consumer Issues
Topic: How is this possible? Is Alexa spying on me?
Replies: 110
Views: 8153

Re: How is this possible? Is Alexa spying on me?

Our Alexa used to be on the same table that the TV is on. She would randomly awake when TV was playing. We didnt get it at first. We would just say ALEXA STOP. Then DH started seeing ORDERS on his amazon acct for music downloads. Not everyday but often. We thought someone had hacked into his acct a...
by Tanelorn
Thu Mar 05, 2020 7:42 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

What is the consensus here about the situation in China right now? Is it true, as some have said, that things are improving there? I think they hit their epidemic peak and are now starting to get more recoveries. Things are still largely shut down but many people already got it in Wuhan so, togethe...
by Tanelorn
Thu Mar 05, 2020 4:52 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190810

Re: Bogleheads community discussion - Coronavirus

Coronavirus has potential to be FAR worse. If coronavirus managed to infect a tenth the number of people that flu infects every year, it would be awful. However, that is not the situation today, nor the situation tomorrow, or even likely to be the situation next week. What is interesting about the ...
by Tanelorn
Thu Mar 05, 2020 12:11 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190810

Re: Bogleheads community discussion - Coronavirus

It’s not “just the flu”, good article.

https://www.businessinsider.com/coronav ... tes-2020-3

A picture is worth 1000 words after all...
Image
by Tanelorn
Tue Mar 03, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

A significant portion of those 20% that do need some medical attention won’t die ... hence, the hysteria is ridiculous. True, but if they don’t get that medical attention, perhaps because the hospital ICU beds are full of everyone else with serious symptoms, then more of them may well die. 98/100 w...
by Tanelorn
Tue Mar 03, 2020 11:36 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

Well the Fed thought it was bad enough to have an emergency session and cut interest rates 0.5% today. I don’t remember them doing that for the regular flu in years past. Unanimous decision too.
by Tanelorn
Tue Mar 03, 2020 6:49 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190810

Re: Bogleheads community discussion - Coronavirus

Should you pull your kids out of school now? Some things to consider based among other things on this recent article. https://nypost.com/2020/03/02/ex-cdc-head-tom-frieden-says-kids-may-be-secret-coronavirus-carriers/ Even though there are no reports of children getting seriously ill with this, from...
by Tanelorn
Mon Mar 02, 2020 11:40 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

Good think 8/10 people this virus strikes feel symptoms so mild they don’t even know they have it. It’s a very bad flu season - THATS ALL THIS IS 43 cases in the US now (excluding the evacuees) - 17 hospitalized and 2 dead. How do the CFRs look on those numbers? Sure, there are lots more cases out ...
by Tanelorn
Sun Mar 01, 2020 5:07 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

What a difference a month makes! The market has caught a nasty flu and the broad market indexes are now down roughly 15% off their recent highs and the benchmark total market etf, VTI, is now down 10% from the start of the contest. In light of the (justified IMO) pandemic fears, Financial Dave is lo...
by Tanelorn
Fri Feb 28, 2020 5:45 am
Forum: Personal Investments
Topic: N95 masks and APT stocks
Replies: 21
Views: 1710

Re: N95 masks and APT stocks

I bought it for $10. How does one calculate the intrinsic value of this stock given impending pandemic situation. Fidelity scored this stock as good for long term 1-2 yrs as well. What are your thought? At what $ would you sell? Sell half here at $25 and at least you won’t lose money. Or sell more ...
by Tanelorn
Fri Feb 28, 2020 5:42 am
Forum: Personal Investments
Topic: Fidelity Brokerage Account Good Faith Violation - How Serious?
Replies: 11
Views: 1854

Re: Fidelity Brokerage Account Good Faith Violation - How Serious?

This potential sale will result in a Good Faith Violation in my cash traded Fidelity Brokerage 401k account. After three (3) such Good Faith Violations in one year, a person's ability to trade with unsettled funds is restricted for 90 days. My question is: Other than this "slap on the wrist" is the...
by Tanelorn
Thu Feb 27, 2020 8:50 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296766

Re: Coronavirus and the market

I believe a truly diversified portfolio should include gold and TIPS as well as stocks and nominal bonds. Those of us who own municipal bonds may need to be concerned. I diversified my portfolio into short index futures at the start of this week. Not enough so, apparently. It’s clear the market was...
by Tanelorn
Tue Feb 25, 2020 2:50 pm
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 23925

Re: Postponed travel due to Corona Virus. Am I am overreacting ?

So I was about to buy tickets to UK/Ireland for a vacation. Had found great business class tickets for the dates in June. And then I saw the story about Italy now having issues and virus is spreading. So we decided to hold off and see how it develops. We are already going to Italy/Europe in May. So...
by Tanelorn
Tue Feb 25, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Why aren't Asian stock markets down due to coronavirus?
Replies: 63
Views: 6263

Re: Why aren't Asian stock markets down due to coronavirus?

This is looking like a quite prescient post. Indeed, and thanks for putting it together. I hope you managed your investments accordingly and benefited from your attention to the issue that was not being priced last week. I was getting close to taking action at the end of last week but delayed for u...
by Tanelorn
Wed Feb 19, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 217
Views: 15389

Re: 2020 Hedge Fund contest

Can I close out TSLA? As of this post, up 77%. Who knows though, by the end of the trading day it might be 177%! done as of today's close, $917.42, and good for nearly a 75% return on your long pick, and the most successful long pick of the contest. I see that the stock was trading around $12 highe...
by Tanelorn
Mon Feb 17, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone bypass insurance for primary care?
Replies: 108
Views: 6858

Re: Does anyone bypass insurance for primary care?

Thanks for all the great discussion.