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Buy the rumor and sell the news. I would say the rumor was fully bought when Citibank hit an intraday high of 22.53 on Friday that of course was with the help of a TON of short covering. To get back to 22.53 it going to have to climb that mountain on its own, without any help of short covering...

Lehman Brothers went broke. ALL brokerage accounts were safe and the SIPC never had to pay out ONE cent. There were parties that took a bath because of Lehman's failure but it was NOT their individual brokerage account holders.

Well bro, the secret to daytrading is that the best daytraders are bi. They do not get hung up with long or short, they are intuitively prepared to take either side of a trade, whichever gives the most instant gratification. The world of trading works best for those who have a AC/DC switch...

I have a question. Why would anyone long a stock that could not be shorted? I will only trade equities in which I have a choice on which side of the trade I take.

Supposedly these moves are made to instill confidence. The only confidence that matters in any market is that the market is FREE and FAIR. The only confidence that I have is that IDIOT politicians and IDIOT bureaucrats will TINKER with the market. If you cannot short 799 stocks, the price...

Cash is king. I WILL NOT TRADE today, I do not have a book on how to trade a market who is supervised by Washington D C idiots. If I were to trade I would wait and short anything left to short.

There will be selling because everyone will be covering their shorts. They will be raising money to cover their short postions in a lot of things. There will be margin calls. MARKET CHAOS. The winners will be sold to pay for the unearned bump in the dogs.

I think they have DESTROYED confidence in our equities markets. How do they ever allow short selling again on those 799 companies? They say it is temporary. But if they set a date to start short selling again, then the day or two before that day, the longs will look to sell and the...

The EASY part is banning short selling on financials. The ban is only temporary. What happens if they bring back short selling? The unintended consequences of messing with free markets could be more catastrophic. The incompetence of those boys running or ruining financial institutions was...

Bac has agreed to by Merrill Lynch. This has something to do with LEH. Obviously, BAC and all the other banks felt LEH could not be saved, the government was not going to step in. And in a more free market, it will be suvival of the fittest. Personally, I doubt if the is long term good news for...

It means it is how I make my living and how spend my working life and that has been true for nearly a decade.

I am a professional trader. I can only say "life is good, very, very good."

If that be true, Barry plays it safe, real safe. Evan Bayh is the political equivalent of Sominex.

I am a baby boomer who grew with a heavy exposure to the counterculture. Of course, that caused to me think the world was just a kiss ass world. Now, like Rip Van Winkle, I seem to have woken up to find there are very few kiss asses, just a world full of FAT ASSES.

I have never used IB nor IQ but as a professional trader, I certainly appreciate the information that you shared. I found it very interesting.

We spend a lot on defense. But every few years we spend an awful lot on defending indefensible banking practices. We did on the S & L crisis of the 90's. And it is a little early to fully account for how much the Gubmint will spend defending the sub-prime debacle and so-called financial...

I cannot comment on anti-glare or eyestrain, but can comment on glasses. I need glasses to read. I also have a mild near-sightedness but I have always been able to pass my driver's license vision test with no restrictions. Up until three years ago I had been using el cheapo reading glasses...

First the only LCD monitors that I have ever used are NEC opticlear. Some call these glossy or wetlook. These NEC monitors arrive from the factory very bright which some people find too bright. Mine are set close to what they come from the factory with, so many people remark how bright they are...

I am not sure if you are preaching to me or lecturing me. I can only say that I was never very receptive to either in college or church.

Excellent question. In attempting to answer your question, I could be analytical or I could take the defensive or I could be analytical in taking the defensive. There was a study I remember reading about more than ten years ago that said 4 wheel drive vehicles were involved in more crashes...