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    Shorting on downticks (2/2/06)

    You must be approved to trade margin because the loss on the short is infinite. Your broker and the firm have to believe you can make good on a margin call, if it moves hard against you. YOu might not use all your equity to take the position but a bad move can blow through your remaining...
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    WHat will it take for GM to fall?

    Bankruptcy does not mean the end of the company. Its just a clearing of debt and the loss of share value to current stockholders. New stock and bonds will be issued to the new suckers as the comany exits bankruptcy. See Kmart.
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    Trouble sleeping :(

    I definitely think exercise helps. Its helps me unwind the pent up anger or joy from the trading day and then I can fall asleep much easier at night. I sprained my ankle this summer and couldn't hit the gym for a while. I was having all sorts of trouble sleeping. So I started reading...
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    Using SLIP to short

    you hit the bid and get the offer as your official fill, but you still have to pay that spread back to essex. Hit .35 get filled at .39. pay the extra .04 difference on your sheets. actually the ticket charge assumed a .01 difference so you only would pay an additional .03 cents in that above...
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    Using SLIP to short

    You do hit the bid and get filled at the offer for purposes of reporting (Essex is giving you the stock on the legal uptick). However on top of the outrageous ticket charge, you have to also pay the spread between the bid and offer back to Essex.
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    Where does everyone live/trade and how old.

    32, nyc, over 2 yrs trading nyse listed
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    GM's Baby Bonds

    Lets understand, that should GM ever file bankruptcy there would probably be a .001% chance of a liquidation. It would be a reorganization. The Senior and preferred get f'ed with zilch. Bondholders would settle for some penny on the dollar type scenario, and some classes of bondholders would...
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    Tips for a new Proprietary Trader?

    At Generic in the Carlin Trader program the NYSE open book is displayed in the level 2. All open book orders were titled NYOB while the quote was labeled NYSE. The was also the liquidity quote which could be displayed outside the montage. At echo i don't have the ability to merger them...
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    GOOG cornering...

    How many people have devoted countless hours on figuring out how and when to short goog? seriously. Supply and Demand. Instead of waiting and waiting and waiting you should have gone long and just made some money. Its funny, people are more concerned with being able to post here...
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    Prop Firms coming to Detroit Area?

    I know one of the groups in Southfield is under Generic. I used to work for Generic in nyc and contacted them before, the office manager seemed nice enough. I don't know about another group. Whatever happened to Ruben's firm out there on w.14 mile. He had the original prop shop in...
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    It's been 2 years since I turned CNBC on...Cramer was on!

    It has gone the other way. He said go long SBL, straight up a $1.50, next day they came out with bad news, straight down $2 and now down about $4 from that initial run up on his pick.
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    I feel like a traitor.

    Theres a reason it averages 35mm shares a day. I would be bored to death playing that penny game though.
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    It's been 2 years since I turned CNBC on...Cramer was on!

    Please don't think ratings success and poor taste don't go hand in hand in. ie Jerry Springer.
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    ECNs + Uptick Rule

    Sorry this is wrong. You can only short on a downtick those stocks which are part of the Pilot program. What you can do on arca and inet is get short ahead of the nyse but it still requires an uptick. ie last price at nyse is 29.50, then an ecn ticks for 29.45, you can now short on...
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    Which CNBC Hottie would you go Long?

    I can't believe anyone thinks Liz is hot, not to mention anyone who voted for Lesbie Laroche should have to serve a one week ban from posting. Yes the B was on purpose. Erin Burnett on Bloomberg is a hottie.
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    Stock De-Listings

    They'll trade on the pinks sheets. old school style. I wonder if i still have LOCH? should have sold at 5.
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    Best Prop Firm At This Point In Time

    Ah the satire.
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    Best Prop Firm At This Point In Time

    See there just move to Anvil and all your trades will be green!!! One question did you pay for you promo?
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    Which CNBC Hottie would you go Long?

    Alexis is working on the Today show with Katie and Matt. I was a Martha McCallum fan
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    Briefing.com Live in Play Platinum not working today?

    Anyone who has a Merrill Brokerage Account will have access to Merrill Lynch Online which posts their morning report every morning with all their ratings changes. Its in the Markets / Research / Morning Call section. Find a friend with an account and get his password.
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