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  1. O

    Stay away from IB!!!

    I've had no problem with wiring funds out from IB for my needs. The format of this allegation is very wrong.
  2. O

    Professional Traders. need advice

    Your chances of success in the first year are almost 0%. Trade with 1% of the money you would otherwise use till you learn techniques. Even when you find something that works, be careful of doing something "almost as good". Know that usually your counterparty is the market maker who is...
  3. O

    Is there any manipulation in creating the "final print"?

    I should clarify that I am referring to stock trading. Is there anyone other than market makers that are empowered to do this? Is there any agency that gives a hoot about these things?
  4. O

    Is there any manipulation in creating the "final print"?

    The broker says its a "pair off between house to clear there end of day positions". How is it so with computers that such a thing is not reflected at the time of the trade? Who makes the rules for such a thing? Also, once you know how it works (ie how to get on to the "final print") is...
  5. O

    Penson Worldwide facing up to $25 million loss

    Am I concerned more after this incident than before? The answer is NO. This "big event" of a 9% loss of equity is within the framework of normal business operations, and it doesn't seem to me at all to be "warning signs" of more to come, as existed with financials that have subprime exposure.
  6. O

    Did short ban on financials help or hurt?

    Your talking options market makers. I'm talking the MM for stocks (who for NYSE stocks is also the specialist).
  7. O

    Did short ban on financials help or hurt?

    Someone correct me if I'm wrong, but my understanding is that from day one the market makers for stocks had exemptions--only we retail folks didn't know about it till later. Quite interesting (and tragic) that the market maker is able to take on big positions as your counterparty, and hold...
  8. O

    Did short ban on financials help or hurt?

    Why do people keep on overlooking the most obvious of everything: the market maker exemption is the reason why the short ban did not work. While the foolish retail folks (like myself) were loading up on stock, the market maker acts as his counterparty. We pay top dollar. The MM, who...
  9. O

    Banks using bailout money to SQUEEZE out longs & spoil rallies (IMO)

    The weak longs already were liquidated before, and now you've got stronger longs including hedge funds, who also paid good money for stocks, and their counterparties are banks & MM's who can't cover, because no money to cover, hence the SEC continued to leave them alone. Even their...
  10. O

    When dark pool buying is strong...

    Anyone?
  11. O

    When dark pool buying is strong...

    I noticed when selling shares of a paticular stock the displayed bid size was small, but there was plenty of dark pool liquidity available, also price improvement of $.01 on $1.50 stock, also about 30% short interest, and good news came out on the stock, I sold because it flies up & down...
  12. O

    DRL with low risk/high return oppty

    You can now get in to DRL for less than the private equity group spent when they took over 90% of the company, and they surely cut a good deal for themselves. They got in for the equivalent of $12.60 per share. Later they made a new deal for themselves to buy shares at about $11. WIth the...
  13. O

    Kudos to MMs

    With all the selling going on, there is someone buying. If that buyer is the market makers we are bound to see a recovery soon enough. If it's speculators, then there's no telling. After all, these market makers are the ones who control the bid/ask pricing with VERY sophisticated computers...
  14. O

    Copy & paste between 2 IB accounts?

    Does anyone know... If you have two accounts with IB with TWS, is it possible to copy & paste stock & options symbols from one TWS worksheet to the TWS worksheet in the other account on the same computer? (Currently we don't have two accounts, so we can't just test it out.) Is there any...
  15. O

    When the SEC temporarily banned shorting financials...

    ...did anyone here buy long any highly shorted financial stock, only to find out AFTERWARDS that there is a market maker exemption? Did you feel that Christopher Cox and the SEC were irresponsible in conveying the information about the market maker exemption (and perhaps the implications of...
  16. O

    News source explaining intraday market moves

    BTW, thank you much for your suggestions.
  17. O

    News source explaining intraday market moves

    Impressive list. However, which 3 would you suggest most for my needs?
  18. O

    News source explaining intraday market moves

    I have a real-time news feed with Thinkorswim and b/c of what you said I find it almost useless. I need something which highlights the main points--even if the 1% or 2% moves in each direction are just traders making that happen.
  19. O

    News source explaining intraday market moves

    Can anyone suggest a good & free news or commentary source attempting to either explain intraday price movements of the market, or at least providing relevant news that may impact the markets. Thanks.
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