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    Another tax

    Millions of people enter NYC every day. They consume resources (police, sanitation, street maint) and do not pay some of the taxes that residents do. Money for those resources has to come from somewhere - bridge tolls and a higher sales tax. Note that the sales tax is deductible on your income...
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    Herbalife (HLF) Exposed!

    As you may know, an employee of KPMG overseeing HLF's audits has been accused of insider trading and KPMG has withdrawn from the HLF account and has withdrawn its audit reports for HLF from 2010 on. When this happens, does the previous auditor typically pay some or all of the client's costs...
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    EBIX breakout watch gap

    I have had no position in EBIX for several months, but still follow it. Despite a price of $24/share six months ago, today EBIX announced that it will be sold to an affiliate of GS for $20/share. Interesting that Raina (the chairman) and another large investor "will continue to be...
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    The way of NFLX LULU behave today will kill the bull market!

    NFLX made a similar jump after the earnings report 3 months ago and it didn't hurt the bull market at all. Why now? The bull market is due to all-time high earnings and central bank stimulus.
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    If everyone is selling gold/silver why is it hard to buy now?

    Thanks. No worries, I don't intend on buying from sketchy places (at this place, they do post their current price for gold in a window, so the price will not be a surprise, but I'm more worried that they'll be selling adulterated or at least untested stuff.)
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    If everyone is selling gold/silver why is it hard to buy now?

    Where do you guys buy physical gold? A cash4gold place just opened down the street from me (in the bar district, no pun intended) but it seems to have the ambience of a pawn shop so I'm not sure it's the best place to buy, well, anything.
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    Explain VIX ETFs to me like I'm 5

    The VIX isn't tradeable, but VIX futures and options on those futures are. VIX futures expire the 2nd or 3rd Wednesday of each month and represent traders' opinions of where the VIX will be on the morning of expiration. You may notice that VIX futures are almost always higher than VIX, and...
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    How to send order in the volatile market

    I did, and that's when TDA told me that they send each order to a specific venue. Once the broker sends the order to the market, isn't it out of their hands, anyway? If I'm willing to sell at the same price that another customer wants to buy, but my broker will only send to PHLX and their...
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    Upgrade path

    I'm a big fan of running most things inside of VMs. You never have to reinstall when you move to newer hardware (or to backup hardware), and virus checking is more robust because you can copy one system's boot drive onto another system's non-boot drive with a couple mouse clicks and scan it...
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    How to send order in the volatile market

    Is this a relatively recent rule? Around 8 years ago, I was trading slow-moving options a couple times at TD Ameritrade, and I could see my order appear on level II, locking or crossing the market yet not getting filled. TDA didn't think this was out of the ordinary. They said they sent each...
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    Powerline

    The Linksys Powerline devices I have don't have any circuit breaker reset button or fuse externally, and they have a label on them that says disassembly voids warranty, so if there's a fuse inside it's not meant to be replaced by the end user. The power strips/surge suppressors have circuit...
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    Cutting loss on long option

    I usually close out any long out-of-the-money options no later than Wednesday of the week before they expire, whether the trade is winning or not. (Sometimes I'll roll them over to the next expiry.) When you have weeks like this past one, where stocks are moving 1 to 2% per day, you can wind...
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    Powerline

    I have a Linksys PLSK400 set. Throughput is 21Mbps, but mine are plugged into surge protectors and would probably get higher throughput if they were plugged directly into the wall outlets. (But if I did that, they might get destroyed during power spikes. I lose a power strip or two every year...
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    How to send order in the volatile market

    I was going to start a new topic, but might as well add it here instead. One of my brokers' platforms is kind of cumbersome when it comes to changing orders. So I use a limit order that might be a bit outside the NBBO. A couple days ago, I did this on a buy order of IWM options and was filled...
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    Dell LBO: fair price?

    That article said the bids are lower than $15. Applying the usual 6% discount for buyouts, representing the risk of not getting funding and regulatory approval, gives an expected PPS of $14.10, about where DELL closed on Friday.
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    VIX at 11.87

    There's a difference between looking at a date when it was "the last time the VIX was below 12" and, more practically, "the last time the VIX went below 12". Around 6 or 7 years ago, the VIX was below 11 for months, and that was with the market lower than it is now. VIX has room to go lower and...
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    Dell XPS 8500

    Thanks to everyone for their replies. The issue with trying to run the Microsoft consumer products on Dell server hardware is lack of driver support. When I tried to install Windows 7 on my T310, for instance, it booted from the installation DVD and then a window popped up saying that...
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    Dell XPS 8500

    I've been using Dell servers as desktops because I wanted ECC memory, hyperthreaded CPUs, and the ability to hold 4 disk drives. I run Linux and do everything in virtual machines, for security and easy migration when I upgrade hardware. I run trading software from IB, TOS, and Fidelity, and a...
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    Herbalife (HLF) Exposed!

    False premise. There's no evidence that they're falsifying the books like Madoff did.
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    EBIX breakout watch gap

    And.... back down to $13 thanks to another "research report" by a short.
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