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Intel Corporation Message Board

  • kermit_the_hogg kermit_the_hogg Mar 5, 2007 2:12 PM Flag

    Still long AMD in the eye are eh?

    I'm about to take a penny ante position myself.

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    • Yep, and I was thinking about adding to it, but that account is being transferred to IB so I'm just going to leave it alone so as not to delay the transfer by extending settlement of trades.

      FWIW, the AMD long is kind of a market dare. I figure if it goes to zero, I'll be rich by virtue of my ultrashorts in that account. Yee hah.

      OH, this is kind of a big deal - and it's what convinced me to send my IRA to IB - they allow you to open your IRA as a margin account (I'll bet you already knew this and were keeping it to yourself). Of course you still can't borrow money in a margin IRA (which is not my objective anyway), but you can redeploy funds from sales without waiting for settlement, which means you can daytrade the account as long as you have 25K equity. This almost seems to good to be true, but I'm not going to look a gift horse in the teeth.

      Too bad Albert I. Cohn isn't here to announce the <doule> bottoms in NEW for us. Yee hah.

 
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