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  1. M

    SEC Approves Half Cent Spread

    It would have been much better to level the playing field by allowing all market participants to use the same tick size. That would have reduced investor cost. This will not.
  2. M

    Does Bloomberg always require a 2-year commitment, or is it negotiable?

    We played beach volleyball back in the '80s. To schizo and zdreg: I now have a Bloomberg terminal. Enjoy waiting for Roaring Kity's next meme on X. Maybe some day you can sign up for X Premium.
  3. M

    Steve Cohen didn't read the email

    TLDR LOL So 25 seconds is too long for your attention span. Good luck.
  4. M

    Steve Cohen didn't read the email

    Hmmm...
  5. M

    Thinking about starting a small hedge fund

    My CAGR for the 15 years I have been trading is similar to the CAGR for the first 15 years of Medallion Fund - the best performing fund in history. I do not think I can raise USD 50 million.
  6. M

    Are there brokers that do not apply price caps?

    When a stock moves a lot quickly, Interactive Brokers' price caps prohibit me from trading. But since the stock continues to trade, somebody are allowed to trade. Are there brokers that do not apply price caps?
  7. M

    The Real Reason Traders Fail

    Because it is a zero sum game minus transaction costs - a mathematical necessity.
  8. M

    BREAKING: The SEC is suing short-seller Andrew Left and Citron Research for stock manipulation.

    Citron shorted because GME shot up dramatically after Roaring Kitty announced his memes/investment in GME. But GME’s stock price moved dramatically, so it can make financial sense for Citron to close the short position quickly after Citron’s announcement of being short. If one is not allowed to...
  9. M

    BREAKING: The SEC is suing short-seller Andrew Left and Citron Research for stock manipulation.

    The SEC alleges that Left and Citron committed fraud and made illegal profits. Citron Research recently announced they were short Gamestop, $GME, in a post on X. Citron Research went short of Gamestop, $GME, 2 different times including 2021 and 2024. The SEC claims Left would sell his shorts...
  10. M

    IBKR asking for 'Source of Wealth' documents

    Then you list the source as trading profits, which should be easy to document if IB ask for it.
  11. M

    IBKR asking for 'Source of Wealth' documents

    Didn't you just write that in the application you listed property as the source of the funds deposited into your IB account?
  12. M

    IBKR asking for 'Source of Wealth' documents

    Was the source of the funds deposited into your IB account proceeds from selling a property or a loan issued with the property as collateral?
  13. M

    Overnight Trading on Share CFDs

    Mail from IB: "We are writing to inform you that Interactive Brokers Ireland Limited has taken the decision to offer extended exchange hours and overnight trading on shares CFDs in stages starting 1 July 2024(“Effective Date”). The gradual roll-out will take approximately two weeks." I have...
  14. M

    Share offerings

    Initial Situation: Company Value: $1,000,000 Number of Shares: 10,000 Share Price: $100 Existing Shareholder: Shares Owned: 1,000 Ownership Percentage: 10% Value of Holdings: $100,000 New Share Offering: New Shares Issued: 5,000 Price of New Shares: $100 Capital Raised: $500,000 Existing...
  15. M

    How a cat parasite can change your personality

    Yes, I am indeed late to the party. However, the purpose of the post is to shed new light on the hypothesis given recent developments:
  16. M

    How a cat parasite can change your personality

    A study suggests that infection with the cat-borne parasite Toxoplasma gondii could make people more risk-prone. Roaring Kitty aka DeepFuckingValue aka Keith Gill does seem to like cats a lot. https://www.medicalnewstoday.com/articles/322594
  17. M

    Potential Legal Implications of Coordinated Stock Buying to Aid Keith Gill

    If thousands of supporters decide to help Keith Gill on June 21 by buying GME stock into the close to increase the value of his options position, would that be illegal? While I am not a lawyer, my understanding is that if Keith Gill does not encourage or call for this action, he would likely...
  18. M

    How did Roaring Kitty get the USD 174.5 million?

    At its highest back in 2021, GameStop's share price hit an all-time high of $120.75, adjusted for a subsequent stock split. At that peak, Gill's holdings in GameStop were worth around USD 48 million. Then the value of his position went down with GME. I assume he had to pay taxed at least on his...
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