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How was the Fortress IPO failed?? Oversubscribed, priced at the top of the ranged almost double at the break. Okay, the performance since then has been less than spectacular, but it's still trading 30% higher than IPO price. The fact that even the IPO of Carlyle Capital Corp that...

Why? Was the first IPO of an internetcompany the sign of a top in the bubble? A failed IPO will be something to watch out for.

Incorrect. I should know. I am Dutch and have been a full time trader for the last 5 years. Capital gains are not taxed. See: http://www.expatax.nl/incometaxexpatax.htm#Box%203

Some countries in Europe. I live in the Netherlands for instance and we don't pay capital gains taxes.

Hm, opening gaps through you stops... SPX @ 20 ? Bit strange that you don't know margin requirements before attempting to trade isn't it?

and the answer was no?

Up over 30% is back about even?

Have you seen the trade numbers for Australia?

Dude, you should read up on options theory a bit.

This shows you don't quite understand it. Put the numbers in an option calculator and you'll see. Stock at $50, call at $3, put at $3 Stock drops to $47 - assuming it's the next day and volatility is unchanged. (doesn't matter because it'll effect put and call in the same way) Stock $47...

indeed, so a short put *isn't* exactly the same as a covered call position. i'm sure you know that, but a lot of posters in this thread don't.

puts rise call fall spot however doesn't change (=spot + cash received) put/call parity only hold when expected dividend is held constant. a rise in expected dividends will effect short puts + cover'd calls differently...

Really, what happens if the expected dividend is suddenly increased?

Ah, but selling naked puts isn't the same as writing covered calls is it?

Better those than this one... RANKIN, 1995 - Testimony got underway this morning in the murder trial of Gilbert Arevalo, a former Pecos resident charged with the beating death of his girlfriend's baby last year.

President & Chief Hedge Fund Strategist :D

true. I'm lucky I don't need to have sales skill ;)

yeah, we all like to think we're unique ;) the combination of a great trader and a great salesman is not something i've seen very often though.

come to think of it... it is a good point actually. nobody in his right mind should give money to a 26yr old HF manager. if he succeeds in raising the money, it should be easy for the OP (though I'm not sure he's more qualified than your guy).