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When a company announces stock buybacks at earnings, is that something that has already happened and they’re just informing people of it? Or currently ongoing at the time? Or would happen at a date in the future?
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May 17, 2024 15:00
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| # ? May 24, 2024 08:59 |
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Cacafuego posted:When a company announces stock buybacks at earnings, is that something that has already happened and they’re just informing people of it? Or currently ongoing at the time? Or would happen at a date in the future? You need to read the release and/or filings. But generally announcing a new buyback facility means it will happen in the future.
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May 17, 2024 15:04
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for the small caps. a company could have previously announced it had a share buyback plan. and earnings is a good time to get an update from them on if or how much of that program they’ve used. some the little poo poo co’s i like will sit on multi million dollar buy back plans for years with out using any of it which can be frustrating for me. person who like to speculate on tiny poo poo co’s
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May 18, 2024 04:23
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also fun small cap stuff. have an open buy back plan. not use any of it when the price is low. Then announce a new at the money share offering! at massively discounted share prices!
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May 18, 2024 04:25
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For a wild time check out CTNT 3-45-3 within 24 hours
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May 21, 2024 17:12
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It's been a while since I dabbled in the market and can't remember how this specific case works. If I have 20k in various positions, and no other cash in the account (but have margin that isn't being used at all) and do this: Sell X for $5k, and then immediately buy $5k of something else, I'm running on margin (5k worth) for a day until that first sell clears, correct?
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May 22, 2024 17:48
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cr0y posted:It's been a while since I dabbled in the market and can't remember how this specific case works. Your broker might show a margin load but you wouldn't pay interest on it with any broker I have ever used. That said the regulations probably allow for them charging interest here, if they do you should switch brokers. Let me explain using the opposite since that might cause some interest to be charged. If I buy for $5,000 then sell $5,000 of something else to make my account balance positive 2 hours later. Merrill would charge me $0 they only care about closing balance. Tasty would charge me 12%/year on $5000 for 2 hours so I dunno like $0.10? This also changes if any of these are short positions. I assume these are all longs based on the nature of the question.
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May 22, 2024 17:59
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cr0y posted:It's been a while since I dabbled in the market and can't remember how this specific case works. Yah, believe so. I get dinged a few bucks for margin interest every now and then, and I think it's this. Fwiw, just got a mail saying etrade is complying with new regulations to cut that settlement date down to one business day. https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor
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May 22, 2024 18:00
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I guess I will see tomorrow if they charge me a couple nickels for interest or whatever, more of just a curiosity than anything. These sort of situations is really the only time I ever use my margin account. I am on eTrade so that's neat
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May 22, 2024 18:11
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cr0y posted:It's been a while since I dabbled in the market and can't remember how this specific case works. A good broker should just go by the settlement date and charge you daily interest if you end a day negative. Since these trades theoretically settle on the same day for opposing amounts it shouldn't cause a margin impact. If you're trading things with different settlement days then you might end up using margin for a bit. Or I guess if the sell doesn't settle on time they could ding you for it. If you don't have a margin account then I guess you could get hit with violations of the free rising rule but honestly a competent broker shouldn't be letting you buy with unsettled cash on a cash only account anyway.
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May 22, 2024 18:14
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Also just as a reminder that this happening:
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May 22, 2024 18:21
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ya ya T0 already
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May 22, 2024 18:25
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For example the only time I got dinged on margin interest was I had a trade for like $20k settling on Friday. Then on Thursday I also clicked the button to change my core settlement position to a MMF giving 5% interest. Under the hood however this locked up all my available cash until Monday while it converted everything to the MMF. So on Friday $22k of cash goes out to buy the MMF (settling on Monday). Then the $20k trade also settles putting me into -$22k margin. I pay interest for 3 days (Friday , Saturday, Sunday) until Monday when the MMF switchover settles and then pays off the margin debt leaving me with +$2k. I was a little miffed because it wasn't really all that clear when clicking the button to change the core position would put your cash in a liminal state for day and impact other settlements. It only ended up costing me like $20 though.
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May 22, 2024 18:26
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pixaal posted:ya ya T0 already I cannot imagine a coherent reason its not this beyond broker greed for margin accounts or some high handed government trying to limit people churning their own accounts into dust.
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May 22, 2024 21:26
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That NVDA after hours tho
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May 22, 2024 22:18
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our lord and savior nvda saving the market for another quarter
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May 22, 2024 22:55
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I know this isn't the same kind of settlement, but has anyone seen improved payment/fund transfer times as a result of the FedNow rollout? Context from last year: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm
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May 23, 2024 01:25
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mrmcd posted:For example the only time I got dinged on margin interest was I had a trade for like $20k settling on Friday. Then on Thursday I also clicked the button to change my core settlement position to a MMF giving 5% interest. Under the hood however this locked up all my available cash until Monday while it converted everything to the MMF.
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May 23, 2024 04:32
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Update: did not get hit with any interest 
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May 23, 2024 15:53
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| # ? May 24, 2024 08:59 |
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cr0y posted:Update: did not get hit with any interest You sure? Based on my experience with Merrill you aren't out of the woods yet, they don't calculate interest on Margin until after the trade fully settles. Tasty does this end of day like a sane broker, some brokers do things in really dumb ways. So if you say sell an AMD 90P so you get paid to have a limit order open, you actually need $9000 cash and wont get charged the $1/day for 3 days. And then when you satisfy the funding you still have some interest not yet calculated that will still be added. If you aren't just long shares and using it to get perks for your Bank of America checking account I don't recommend Merrill for day trading. Their restrictions are pretty good if you are trying to learn and will keep you from touching stuff you probably shouldn't as a beginner.
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May 23, 2024 16:01
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