I just sold at 136 today. Any pull back and I am back in, but it seems like resistance for TLT is around 136. 150 would be nice. Then when negative rates start moving positive it will be time for TBT.
Very difficult to calculate intrinsic value in current interest rate environment. Depending upon the required return and using the 10 year treasury for my risk free return, I come up with a valuation ranging from $21-50. That's nuts and not useful at all. EXC is at its 52 week high and the S& P is within 1% of its all time high, the DOW within 2%. It just feels treacherous, but I haven't a clue.
I don't short either, but if I did short, I wouldn't short SUNEQ even if shares were available. It's just a foolish strategy at this stage of the game. Anyway, I don't think diu902 is really serious. He doesn't even know he can't short in a qualified account.
Did you actually short the shares or they are just listed as available? Schwab can't get any. I don't understand how any broker would mess around with a .20 stock. The margin would have to be 100% for them to even take the risk on a company in bankruptcy. In my opinion, this is a stupid play if it is truly available.
It's not the availability of shares. SUNEQ is in bankruptcy so no broker is going to allow margin on the stock. It's just not marginable trade. No one can short SUNEQ any longer. That ship has sailed.
You can't short in a 401(k) or any qualified account. It's obvious you don't even know what shorting a stock means or any of the rules. Shorting a stock requires margin and you can't have a margin account in a qualified account.
If you are looking to get in, why not wait until it returns to over $1? I might risk $10k at $1.25, but I am not going to risk $10k at .22. If you are not willing to risk $10k then you are not really investing in SUNE; you are just gambling on a judge. Might as well go to Vegas.
Why do they need to cover? The old stock becomes worthless and they don't have to pay back anything for the stock. I don't think you understand the technical aspects of shorting a stock.
WOW! Longs on this board should read a book on Behavioral Finance. You are all exhibiting every symptom in the book. If the company survives, and the jury is still out on that one, the common shareholders of SUNE will not. I guess at .22 it doesn't matter, but everyone had their chance at $2.00. 90% loss from $2.00. I guess if you were long since $30, it doesn't really matter either, but from $5?
Great timing on your logic. They filed today. BK prediction was a no brainer. I said this was where they were going a month ago.
I knew I was buying against my better judgment. Only bought 2000 shares at bk prices, but will lose it all on Monday. I doubt SUNE will even trade on Monday and Tuesday will be a fire sale. I will be glad to get a nickel per share. After that, a couple of bumps here and there and then sub penny prices. I am certain the message board will be shut down. So it's been fun, except for those who have lost their shirts on this stock. Sorry about that.
Great research. When they issue a sell, then you load up the truck. Hahahaha
Against my better judgment, I did the same thing. Only bought 2000 shares; my better judgment prevented me from buying more.
I just bought 2000 shares today so I am taking a small risk. Having stated that there is never any evidence for bk until management declares bk. It is in their interest to not make it public until it is public and then it's too late. If I had any confidence that SUNE wasn't going to declare bk, I would have purchased 200,000 shares. I don't have the confidence in SUNE to do that. Every company I have ever been involved with that declared bk said that they have no plans to do so. They all lie.
Looks just like Enron. If you bought in at .22, better take your huge profit today and run. That's the mistake Enron investors or vultures made back in the day. In one day, Enron stock (in the tank like SUNE) popped over 100%. The idiots who bought long and made 100% in a day stuck around for BK and made $00000!!! Just stupid. If you had the guts to put up enough money today, take it and run.
I would sell on any pop even if it's a loss. This is going to the pink sheets. That means you will be looking up at .22.
Is this a rhetorical question or are you really asking the question? If you are asking, then recourse debt allows the lender to collect what is owed for the debt even after the collateral has been exhausted. In other words, all future earnings. All other debt is considered non-recourse. In other words, the collateral is the extent to which the lender can recover the loan. Hope that helps if you were really looking for definitions.