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So MrsS, has rs finally decided which sex he will change to?

Thank you very much for the thoughtful and entertaining posts. You make more sense and I would venture are more truthful than 90% of the posters on the board. Keep up the good work. I saw a good tee shirt for you the other day,simpley said-" I am the man from Nantucket....

Why short a $2 stock,your profit potential is limited to $2 while your risk is unlimited(in theory).Most shareholders end up with squat after bankruptcy,few exceptions. If you want the play play the bonds,at least maybe you end up with equity via re-org.

I've never heard of this,where can info be easily obtained?

Time to rub the bunions,Johnny

Your questions for the interview are only one side of the transaction. How do you respond to the questions they ask you?This will be much more important to weather or not you get in the door. The interviewer will want to know"What do you bring to the table?" Why you instead of 50 other guys...

Are you still trading?Who offered a better deal than Bright? Thanks

one of the best source of info doesn't have to be expensive.Speak to local college profs,go to the business/finance dept and ask if they know a retired enrolled agent.These are the "experts"from within the IRS.They will be able to direct you to the answer if they don't know.And should be...

yes a power of attorny or trading autoriztion will work.The account stays in the name of the "owner "of the money.This way he can fire you when you loose too much.As for him paying you,the amount will be taxable if he pays you a fee.

RAY-If only one other person and you are not charging mgmt fee just open one of two types. 1)single name with you having limited trading authorization 2)joint account : RAY and Mr Bucks joint tennents with rights of survivorship. easiest/cleanest methods

RAY I guess part of the answer lies in how much money,for how many people.If you have "clients" that pay you to manage money you may need to register with your state.Here in NY its more than 5 clients and under 25mil.Once you manage over 25mil you must reg with sec.Many other variations but if...

to maintain IRA status the money must remain in an IRA qualified account.you would have to find a custodian willing to establish your account and hold the restricted stock.Most firms wont do this.Depending on the amount of money involved you may just utilize a "bear"fund for the short side.The...

if you are long/short in equal size and yld% you will make nothing in dividends.you will collect long side/owe short side.Once again the free lunch disappears. The nasdaq site lists etfs but mostly equity funds for foreign exchanges,hong kong-swiss-mexico etc

P2-If it was that easy ,we'd all be rich.

can we hear from some that have opened accounts with ECHO since the lower cost and account balance promo started.Have you been happy with service and software etc.What are total costs,exchancge fees ecn fees etc.Do they provide the full package quote/charts order entry/news.Thanks in advance.

candletrader is correct.Actually most brokers should accomodate this type of trade.Its what is called same day substitution.As long as you dont exceed net equity in your account it should be ok.

CNBC only wants to chase the easy story.The only guy on there with much experience is Joe Kiernan.At least he was a broker before and understands what clowns the sell side anal-yst are. He spoke at my company a couple years ago.He talked a little "off the recoed"about some of the dumb asses...

re;ACAT transfers.Yes they generally take 10 business days.Rarely any faster. DTC is usually partial transfer only,each item to move is specified vs.request for"all"assets.DTC is usually 2 business days.Usually less errors via DTC because of itemized nature. Some firms require written...

MGB...set up your positions using both a put and a call.No rules against that and you have better leverage without using margin.Sell which ever side you like when you like.

I think some may have forgotten that the size must also be considered on the stop.If you enter a sell stop for 1000 shares and bids come in for a couple hundred you wont get a complet fill.Plus time of order entry determines your place in line.If many stops are at the same price once triggered...