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Penson seems to now be really enforcing FNRA rules. Does anyone have a link that would clarify these rules? Example 1: If you have 10k shares of a stock, sell 5k, buy back 5k, then sell another 5k, if that is viewed as you sold the remaining of the 10k shares (FIFO basis), or is that viewed...

Let's say if a major player like a market maker plans to bring the stock down 10%. You wouldnt tried to sell some shares at the higher price first? My thread is relevant to identifying when that process starts.

The first few & the last few responses are contradicting each other, and everyone is sure of himself.

(For confidentiality I changed the name of the broker to BROKERAGE___ and used "Broker" instead of his name): 22:45 Broker.: Hello 22:45 me: Hello. 22:47 me: I have another question instead. I noticed I get price improvement often with (YOUR BROKERAGE__) quite consistantly... 22:48 me: and...

http://seekingalpha.com/article/87653-illegal-short-sellers-may-face-rico-indictments Although this is about a month old, it is one of the best I have seen regarding the current threats the naked shorts are facing. RICO, Racketeering Influenced Corruption Organizations Act, the law Rudy...

I can have as many as 50-100 cancellations per week--and I dont think I'm the only one. Does IB still interact on this board?

What, nobody uses IB anymore?

If I have a partial fill & cancel the rest of the order, presumably that counts as an offset versus cancellations (i.e. according to their formula of a maximum of $1.25 offsetting limit per order, etc.) In the same way, if I have a partial fill today on a GTC order, and a partial fill...

Is it true that if you place a large side order, all else equal, you get priority at options exchange (e.g. ISE)?

Good reply.

You are right so far, I was hoping for much higher quality input from the ET folks.

Congressmen have been sent many letters against naked shorting, yet it seems to me providing them with an organized list highlighting the top 25-50 points versus naked shorting would definitely prove beneficial to help assure they can provide maximum pressure on the SEC to tighten the screws...

What I mean to say is that if the exemptions give certain parties an unfair advantage, then either the exemptions must be eliminated, or everyone must receive these special privileges; why should the MM's be the privied ones ?

Okay, okay, it was Rearden Metal. http://www.elitetrader.com/vb/showthread.php?s=&threadid=68129&perpage=6&highlight=drl&pagenumber=6

A very successful trader on this board once advised me to pull out of a stock in part because "for every share held short, there are almost double as many shares held by retail longs". He was 100% right, and I was 100% wrong. What is the significance of such a ratio? Is that really such a...

Does "no" mean it's NOT safe to assume? Or do you mean they don't charge?

I may cancel in any given day 10-15 orders, and get fills on a dozen or more, including partial fills, and don't know where to start with that. First of all, does a partial fill by day end count to offset?

Example: Shorts knock the stock down to rock bottom prices & spread fear; management says nothing to alleviate the fears as the stock price keeps going down. Management file a registration statement with the SEC to be issued up to 6.75 milion shares of common stock (at prices chosen on a day...

When you place a GTC order for options, IB does not rest the order on the exchange overnight, rather it is held on their own server, then it gets rerouted the next day to the exchange-- hence it is really a DAY order which gets reinstated each day. IB is therefore NOT charged by the exchange...

This does NOT apply if there is an infinite amount of shares available to sell. Someone on ET gave (an extreme) example of an institution trying to short the thing to zero, or it won't happen because someone comes and buys 5 times the available shares, then when he asks for delivery, he gets...