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GPRO is a prime example of why the shorting game is broke, at least in a multi-day basis. The company is totally overvalued, is about to raise $$, lock up expiry coming soon and insider will dump. Yet the stock keeps hanging on and squeezing shorts. over 95% borrow rate so even the 'value'...

I'm curious, what typically is the spread size in the stocks that you used these hidden mid-point pegs? I find that in big spread stocks (like GPRO), when I go into the middle of the spread (displayed), a lot of the time I get hit instantly

I said that about gold as a figure of speech. I do think that the custodian would back any fraud with its capital (they are probably legally required to) and a shortfall of capital would be backed by the US government (like in 2008)

WisdomTree now uses StateStreet Corporation as custodian according to fillings. They were named a systemically important institution by the G-20 and have $28T in custody. Guess they are as good as gold, the government would stand behind it if there was massive fraud

Good info. With BNY as custodian the risk definitely decreases, a fraud at that level seems more difficult since banks tend to be more regulated and its not the douches at the SEC who oversee them

Something like that. I don't see anything that prevents an ETF issuer to take the money to do other things, create fake reports, fool the auditor, etc. Its a low chance for sure, but I don't see this listed as a risk factor for ETFs.

I'm actually talking about fraud risk at the ETF level, fooling the auditor etc

I got the link someone who is a trusted source, Eben Pagan

For those who like the market wizard series that is a new book that is coming out soon that might be similar. Apparently, Tony Robbins interviewed 50 people from finance and wrote a book with strategies to compound wealth. Seems that he had access to folks like Ray Dalio, Icahn, Tudor Jones and...

why zero? you trust the regulator?

I'm trying to figure out the risk a company like WisdomTree will just say one say 'sorry, there is no money and everybody lost everything'

Yes, the idea is to hold to maturity and ignore fluctuations

I agree with you on dark pools. I wrote an article about that and sent to traders magazine, they published it in their site but they botched it so badly in the editing that the article is almost unreadable. The original version is here http://www.beathft.com/?p=75 The tough thing for retail...

The difference in risk between USD cash and short-term USTs is not that big, except USTs pay a little bit. An extra few thousand a year is nothing to ignore

Lets say you got a bunch of cash at IB that you use to daytrade, you are trying to generate some yield. What are some of the ideas of instruments you can buy to get some returns? The last time I checked USTs going 3 years out were yielding 0.5% a year (might have dropped now due to the stock...

I agree that its not a panacea but it is still quite useful. As far as rebates go, its not a big deal, the article mentions that you are supposed to use in big spread stocks. If the spread is 20 cents and you are trying to not pay it, a little rebate won't matter. Also you get a higher rebate...

https://twitter.com/firstadopter/status/524621591867850752/photo/1

" Hidden Orders: A useful tool in a trader’s tool box to defend against predatory HFTs Ever since the publication of the book Dark Pools in 2012, it became public that ECNs and exchanges were accommodating HFTs firms by offering them special order types that most market participants don’t get...

Here is the bug http://www.anandtech.com/show/8570/firmware-update-to-fix-the-samsung-ssd-840-evo-read-performance-bug-coming-on-october-15th Here is the fix http://www.guru3d.com/news-story/samsung-releases-ssd-840-evo-firmware-update-solves-slow-reads-issue.html

Is there a way to go back to the old font from the classic layout?