Author Topic: stock market drops 400!  (Read 17036 times)

Offline Dan

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Re: stock market drops 400!
« Reply #60 on: August 08, 2011, 03:28:00 PM »
I believe the dollar is up against most currencies. At least according to damaxter.
Such as?
It's down against EUR and GBP.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Re: stock market drops 400!
« Reply #61 on: August 08, 2011, 03:30:55 PM »
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline mercaz1

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Re: stock market drops 400!
« Reply #62 on: August 08, 2011, 03:34:54 PM »
spoke to soon i guess
back down under 11,000

Offline arie

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Re: stock market drops 400!
« Reply #63 on: August 08, 2011, 03:46:52 PM »
Since it doesn't sound like a liquidity problem, either you own the shares and you could sell your position, or you don't own them yet and you're not losing anything. Can't your broker explain this to you?
I own the old shares but not the new ones. they need to manually replace them with the new ones.

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Re: stock market drops 400!
« Reply #64 on: August 08, 2011, 03:49:47 PM »
I own the old shares but not the new ones. they need to manually replace them with the new ones.

Ah, that makes sense. But I don't understand why you can't sell the new shares short, to cancel out your losses (or gains for that case) on the old shares.
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Offline Yisha

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Re: stock market drops 400!
« Reply #65 on: August 08, 2011, 03:51:20 PM »
Dow 10,837.47 -607.14 -5.31%

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Re: stock market drops 400!
« Reply #66 on: August 08, 2011, 03:53:27 PM »
Dow 10,837.47 -607.14 -5.31%

I don't get the point of posting every few minutes with where the market is currently holding, considering it's going to change until the close.
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Offline Chaikel

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Re: stock market drops 400!
« Reply #67 on: August 08, 2011, 03:56:08 PM »
I don't get the point of posting every few minutes with where the market is currently holding, considering it's going to change until the close.
And on a day like today, 5-10 minutes after
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Offline Yisha

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Re: stock market drops 400!
« Reply #68 on: August 08, 2011, 03:57:01 PM »
Gold is the only thing that was green today

Offline Chaikel

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Re: stock market drops 400!
« Reply #69 on: August 08, 2011, 03:59:00 PM »
Gold is the only thing that was green today
VIX
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Offline Yisha

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Re: stock market drops 400!
« Reply #70 on: August 08, 2011, 04:00:33 PM »
now its closed:

Dow   10,830.66 -613.95 -5.36%  :-[ :-[ :-[ :-[ :-[

Offline Chaikel

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Re: stock market drops 400!
« Reply #71 on: August 08, 2011, 04:01:29 PM »
now it closed:

Dow   10,827.52 -617.09 -5.39%  :-[ :-[ :-[ :-[ :-[
10,812.88 -631.73 -5.53%
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Offline Yisha

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Re: stock market drops 400!
« Reply #72 on: August 08, 2011, 04:02:38 PM »

Offline Chaikel

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Re: stock market drops 400!
« Reply #73 on: August 08, 2011, 04:04:02 PM »
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Offline Chaikel

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Re: stock market drops 400!
« Reply #74 on: August 08, 2011, 04:06:43 PM »
Such as?
It's down against EUR and GBP.
Bloomberg just said that the Dollar is up against most currencies including the pound. Are you possible looking at an inverse?
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Offline Chaikel

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Re: stock market drops 400!
« Reply #75 on: August 08, 2011, 04:09:24 PM »
VIX 48.00 +16.00 + 50.00%
BAC 6.51 -1.66 -20.32%
« Last Edit: August 08, 2011, 04:27:06 PM by Chaikel »
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Offline Chaikel

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Re: stock market drops 400!
« Reply #76 on: August 08, 2011, 04:13:10 PM »
10,812.88 -631.73 -5.53%
10,809.85 -634.76 -5.55%
Seems to be final now
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Offline mercaz1

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Re: stock market drops 400!
« Reply #77 on: August 08, 2011, 04:14:02 PM »
BAC got hammered today.
they are being sued by AIG for $10 billion

Offline arie

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Re: stock market drops 400!
« Reply #78 on: August 08, 2011, 04:18:15 PM »
Ah, that makes sense. But I don't understand why you can't sell the new shares short, to cancel out your losses (or gains for that case) on the old shares.
1)That will mean putting up additional cash. 2) it's a brand new stock so it's not available to short. (at least from the broker i'm using)

Offline Chaikel

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Re: stock market drops 400!
« Reply #79 on: August 08, 2011, 04:20:11 PM »
1)That will mean putting up additional cash. 2) it's a brand new stock so it's not available to short. (at least from the broker i'm using)
Sounds like it might be time for a new broker.
Isn't there some sort of law that if you ask him to sell and he doesn't he owes you the difference? Does that apply here?
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