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This is the interesting question. If the buyer of my 100 shares does not tender, does that automatically mean my short 100 shares benefit exclusively? Or do all short shares have to pay the tender on some percentage basis, regardless if the counterparty tendered specific shares or not? (I.e...

So what is wrong/right about the following scenario?: I short 100 shares of KMG at $75 on May 18th, the day of the tender. Because shareholders on May 18th still have the right to tender shares (until the midnight deadline), a portion of the $75 price of KMG on the 18th can be attributed...

I shorted 100 KMG accidentally before the tender deadline (at $75) and covered at $69.28. I think the tender process should complete in a few weeks. If I haven't been forced to pay the tender on my short shares in a month, I will notify this thread (or I will say something if I was forced to...

So then the question is, why not short all the stock of KMG you could right before the close before the tender deadline? Then cover the next morning when it opens up 5 points lower? Certainly it can't be that easy. KMG was shortable the day of the tender deadline.

I am making an assumption that people who shorted before the tender deadline would have to pay the tender amount for KMG on about 30% of their shorted shares. However, suppose the counterparty who bought the stock did not tender in time. Is there a one-to-one matchup between shorted shares and...

I would think the important date is the assignment date, not the notice of assignment date. Because the assignment took place before the tender deadline, you are short shares of KMG before the tender deadline.

I don't know much about options. But if your options were assigned then it seems like you would technically be short shares before the tender offer. In which case you would have to pay the tender amount to the holder of the long shares. And your $5 profit would disappear if you do the...

This seems pretty similar to the Sears/Kmart merger in terms of the details. As I recall there is some reason it is not that easy. Like it depends on the tender percentages involved. I know that if you shorted the stock last night you will have to pay the tender for those shares to someone...

ARCA and INET have both busted trades on me days late. I complain to my broker when this happens and they tell me they were informed late and there is nothing I can do. If I were to try to bust days late, I doubt I would get much sympathy from ARCA or INET. These ECNs say one thing (i.e...

Assuming you are trading equities, put in a fake (i.e., put in a bunch of buy orders at $0.01) basket order after hours and check the INET book or ARCA book on the web to see if your limit orders are active on those ECNs or not. That will tell you the answer to your question...

Here is one more link I found: http://money.cnn.com/2002/12/02/pf/yourhome/q_housingbusts/ The chart shows percentage drops in different cities and how many years it took for some people to break even.

I believe this link shows Japan's housing bubble: http://www.reinet.or.jp/e/jreidata/a_shi/index.htm Click on any of the links and you will see negative percentage growth in real estate prices for the past 10 years. Not that Japan is similar to the US, but it just shows that real estate...

4 years

With NYSE and Archipelago merging (maybe), seems like the pressure to open earlier will subside since Archipelago already opens at 4am EST. Who knows.

That is complete BS. Who knows where ERTS starts trading? We only know it is a good trade after the fact. If the other person is not smart enough to pull their limit order during a halt, then it is their own fault. Your price is legitimate since you have the closing price, you have 46, and...

Get long in one account, short in the other. Then close both at a later time when the quotes are more normalized. I guess you give up too much on the spreads to make this viable?

First off, I've never traded Forex. If Refco's quotes (or anybody's quotes) are purposely manipulated, can't you arb them against other places? Or is the spread too much to overcome?

It's all relative to account size.

The fact that they presented their experiences with IB makes them meatheads? I stick up for IB, even though they have had rough spots, because I do well by them. Certainly opinions of others besides yourself have some weight. You didn't just answer his question (not sure if you even did...

Cluseau, instead of complaining, why don't you start hitting TMBR bids and asks and make money off of the liquidity they provide? It is not like TMBR looks at your order and then says "hmmmm.... let's take it!" They are either present on the bid/offer or not - you will know instantaneously...