Big-Name Stocks Cheaper Than During 2008-09 Crisis

[Broncojohnny]

Question:

In order to day trade, the minimum amount is 25k, right? Is that all that is required to day trade or do you need to make changes to your account? In other words, if I have 25k in my account right now can I go out and start buying and selling as my heart desires?

I have no idea, there is a 25K minimum if you are considered a day trader by the brokerage you use but I'm not sure if that is equity or margin or what. I have never placed enough trades to get close to that point.

[347Mike]

I have no idea, there is a 25K minimum if you are considered a day trader by the brokerage you use but I'm not sure if that is equity or margin or what. I have never placed enough trades to get close to that point.

Yeah, I bet you have to select forgot your password when its time for you to buy and sell.

[slow99]

$25k account equity and run the trades on margin to get the leverage benefits.

[slow99]

Also, if you're trading with a registered daytrading firm, these rules apply.

You can round trip in a cash account all you want. There are 2 requirements for a "daytrade" 1) round trip during a day; and 2) use the relaxed margin requirements (leverage). A closing trade and reopen trade intraday shouldn't count as a "daytrade".

Four round trips in any 5 days in a margin account utilizing the lower requirements will earn you "daytrader" status. This is when you have to have $25k equity in the account. You'll receive a margin call to bring your account to $25k equity if you don't have it once you're flagged a daytrader. Daytrade margin requirements are 25% of the opening trade value. My old firm b/f MBA school would allow you to remove your "Pattern Daytrader Status" once a year.

[slow99]

The interesting thing about today is that your big name blue chip dividend players were taking a hit. They have been immune to a lot of bullshit so far but this morning they are getting hit.

That one we talked about a few weeks ago is a screaming buy right now. We calculate tangible book at $12.80 and it's at $12.26 (we just don't have time to upgrade right now).

[347Mike]

That one we talked about a few weeks ago is a screaming buy right now. We calculate tangible book at $12.80 and it's at $12.26 (we just don't have time to upgrade right now).

Why are you holding out. Why so secretive?

[Broncojohnny]

That one we talked about a few weeks ago is a screaming buy right now. We calculate tangible book at $12.80 and it's at $12.26 (we just don't have time to upgrade right now).

Nice. If this keeps up there are going to be some very good value plays out there just like this. IE, stocks trading at or below tangible book value.

Mike347, tangible book value is what you could sell the assets of the company for in a liquidation. When you buy a share, you are buying just the assets at a discount and giving no future value to earnings potential. While it isn't a sure thing to make money in a situation like that, it is pretty hard to lose it, you need a real disaster to lose in that situation.

[slow99]

Why are you holding out. Why so secretive?

Ha, you know what my profession is. I damned sure am not gonna post a stock tip on this board. The company is a classic deep value play anyway. Mature, cash flow generator, large cap company that's priced right now to lose money indefinitely - right up Al's alley.

[347Mike]

Ha, you know what my profession is. I damned sure am not gonna post a stock rip on this board. The company is a classic deep value play anyway. Mature, cash flow generator, large cap company that's priced right now to lose money indefinitely - right up Al's alley.

Well add me to these little messages you send to Al and we will be squared away!