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Food for though; The $3.25 per common shares was established based on the 20 day average ending the day before 2/9. The "market value" of the preferred is set the same way. For C-M this value is a few pennies from $10. @ 10% premium the conversion ratio is $11/3.25 = 3.38 @ 20%...

This is always confusing. When you short a stock, in theory, you have borrowed specific certificates of stock from a specific individual's or institution's account. Unlike a long ownership position, a short position has many liabilities falling to the borrower as detailed in the stock loan...

This is always confusing. When you short a stock, in theory, you have borrowed specific certificates of stock from a specific individual's or institution's account. Unlike a long ownership position, a short position has many liabilities falling to the borrower as detailed in the stock loan...

See www.optionsclearing.com and search for GW. This is an election merger where any right minded holder of the stock will elect the $9.02 cash option (subject to proration). Since option holders typically recieve the consideration given to non-electing shareholders, the post-merger options...

See http://www.ofheo.gov/media/hpi/4q07hpi_cbsa.txt . Scroll to Wilmington MSA.

MO should declare a dividend later this month. If it follows past history, it will go ex for $.73 just before the June expiration. The probability of the June 60 calls being exercised and having to pay the dividend may be worth considering.

It has been on the SHO list for some time.

GM goes on and off the SHO list. The strong possibility of the short being called in should be considered. For expirations beyond the tender date, the impact of the tender offer associated with your short position should also be considered. Reversals are very common during partial tender...

On some platforms you can designate an ARCA order as being limited to ACRA only. I believe additional execution fees are assessed if ARCA routes to another destination.

Several years ago the SEC and Justice Department sanctioned the option exchanges for illegal business practices ( http://www.sec.gov/news/press/2000-126.txt ). As part of the settlement, the exchanges were to increase surveillance on the floors. A year ago, I requested compliance data...

Pay what you owe and file for an extension by April 15th. The extension is automatic (for most taxpayers) and gives you until Aug 15th to file.

The IRS test are extensive and essentially require that trading be your full-time avocation. If you are employed full time in another job they will probably disallow any deduction. The www.greencompany.com site does have some good info on the subject.

Harder yet with the flood of professionals heading upstairs into the prop firms. Auto-ex isn't much of an advantage for public traders anymore and fast computers are easy to find.

Shorting of low priced stocks that are not classified as penny stocks falls under the SRO "cheap stock rule". IB implements this rule per SRO requirements: stocks price = maintenance requirement < $2.5 = $2.5 $2.5 to $5.0 =...

Loss of internet access while the vpn is connected is not unusual. Your internet client is trying to use the VPN tunnel to access the internet. Try unchecking "use default gateway on remote network" in the internet client setup. This will allow access to the internet while the vpn is...

You need to setup two routers (or one router with two WAN inputs -- a bad approach in my opinion) with different gateway assignments for the DSL and Cable. Assuming you are using a windows o/s, it is getting hopelessly lost. The routers act as a segregate for you computer and individually...

If you have multiple gateways assigned to the NIC, you can switch between them without using the control panel. For each gateway, write the following code with notepad, save it as a text file (for example cable.txt) and place it on your desktop. Right click the icon and rename it as a batch...

AtAttitude (www.atfi.com) , hyperfeed (www.hyperfeed.com) or Track Data( www.trackdata.com) will do what you want for a price. Other quote services are probably ok; however, some do not handle low volume options in real time. If you see only a composite quote versus the individual exchanges...

Anyone know of a compact, portable lcd display that could be used with my laptop/Appian traveler card?

Exactly. Perhaps Cathedral was addressing the wrong set of issues. I am interested in seeing the exchanges enforce their obligation to provide fair and liquid markets for the public. Simply stated, if I place a limit order at market and have time priority, I expect a fill. Several...