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  1. M

    Facebook IPO

    I agree that the valuation looks crazy vs revenue, but it also works out to under $200 per user. I just don't think the info they are gathering on all of us is as useful as marketing people seem to believe it is. It's almost like a quantum physics theory, you think you have something valuable...
  2. M

    Breifing.com Question

    Can anyone with a breifing.com "In Play" subscription tell me if, in their earnings calendar, they list BTH as announcing earnings this morning (March 14, 2012)? Am considering signing up for their service but would like to know if they caught this one as most free calendars do not have BTH...
  3. M

    Understand all the FEES when trading a stock

    This is for equities. 3) SEC fee: Only applies when you sell or short a stock. Currently it is $18.00 per million dollars sold but on April 1, 2012 it will go up to $22.40 per million dollars sold (which is strange because it was just lowered from $19.00 on February 15). So this fee is much...
  4. M

    Question for ETF experts... help.

    But if I'm long those 122 calls you wrote it's up to me whether I exercise them or not. Even if SPY closes at 121.90, if news comes out before the time I have to exercise and the market goes up to 123, I will want to exercise those calls and you have to give me the shares at 122 despite the...
  5. M

    Question for ETF experts... help.

    I'm no expert but I think you are having trouble because your question is unclear. Are you asking "what is the price of SPY used to determine if my option is auto-exercised?" If yes, I believe that will be determined by the broker or OCC, whoever is doing the auto-exercising. My guess is...
  6. M

    Question for ETF experts... help.

    Yes SPY trades till 8 on ARCA and NASDAQ. They would not use "after hours" trades for this though. What's the question now exactly? A broker can use whatever he thinks is best as closing price to determine automatic exercise, can't he? In that case you should be asking him. From that...
  7. M

    Question for ETF experts... help.

    Is this what you're looking for? http://www.theocc.com/webapps/infomemos?number=24623&date=200807 What was ARCA's closing print on SPY for November 18th? I'd assume that is your best indication since that is where it is listed. Was it not 121.98? (My print data won't go back that far at...
  8. M

    Michael Lewis Article on Public Pensions

    Ok that's fine, but why are you mad at the firemen and teachers. The problem was with the politicians. You live in a democracy. We got exactly what the majority of people asked for, they didn't want responsible people and still don't. They want someone who make them feel good. We don't want...
  9. M

    Michael Lewis Article on Public Pensions

    I don't understand why people get so mad at the firemen, teachers, and unions. What happened to free market principles and "Greed is good"? These people are trying to get the best deal they can and this is what they were given. Granted, there are some cases of blatant corruption or where a...
  10. M

    is there 1X inverse ETF on index?

    Do you mean like SH or PSQ? You still get decay from volatility on 1X inverse ETFs though, so be careful. Example: SH = 100 SPY = 100 S&P 500 up 20% SH = 80 SPY = 120 S&P 500 down 16.666% SH = 93.33 SPY = 100
  11. M

    Math Questions

    You'll notice that the overall % return of "Actual" is 0.05069% and the % return of "2x Actual" is 0.101386% or, 2 times Actual's return. That works because they both use the same starting value and every day's $ value return was doubled for "2x Actual". What you did in D2 and K2 is not 2x...
  12. M

    Advice for programming beginner: Matlab

    I think MATLAB is easier than dealing with Excel's VBA. And obviously, much easier than dealing with C++ or Java (but less powerful). If you don't want to spend the money on MATLAB yet, start with Octave. Anything you learn and write with that can be transferred if you then switch to MATLAB...
  13. M

    is the US the next Argentina?

    I believe the difference might be that Argentina and Greece tied their debt to currency they did not control. In Argentina's case I think their debt was tied to the US Dollar and in Greece's it is to the Euro, the supply of which seems to be more in control of the bigger European countries...
  14. M

    Dark Pools and Reg NMS

    I've looked around for the answer to this but cannot find one with certainty. If you know or could provide a link it'd be much appreciated. Can a dark pool trade through a protected quote? I know a dark pool's quote is not protected but I was wondering if a dark pool had two crossing orders...
  15. M

    Themis Trading: The HFT Whistleblower

    Good question, what's their angle. They get a lot of attention from these "papers" and judging from the comments on this site and others like it whenever one of Themis's rants is posted, many people seem to think Themis is actually discovering, proving and expert on something. Maybe that helps...
  16. M

    Short rules

    MoonWalker99 You asked about the uptick rule. I told you the answer. Many ETFs are currently subjected to the Single Stock Circuit Breaker rules but some are not. For example, here are some that are: http://sec.gov/rules/sro/nasdaq/2010/34-62414-ex3.pdf As far as your other...
  17. M

    Short rules

    The uptick rule is currently not active. All shortable ETF's (many are hard to locate) and shortable stocks can currently be shorted after a downtick.
  18. M

    Someone explain these orders

    Maybe this will help: http://hubpages.com/hub/ThinkorSwim-Tutorial-How-to-place-OCO-and-SEQ-Orders
  19. M

    Level II wizards

    Price then time priority (FIFO). Visible orders get filled before hidden. (Although some new exchanges are going to try Price/Size priority.)
  20. M

    Nasdaq Opening Cross Question

    I believe in that first QA they are saying, What if I enter a "regular hours" order after 9:28 before 9:30. The answer is, they will treat it as an Imbalance Offset order and it will not be on the book. If you have placed "extended hours" orders at 9:29 which are still on the book at the...
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