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How about passing a little gas... Call it TARP Investment Fund (bad bank for short) Banks, finance co's, insurance co's can sell their distressed assets to this govt (taxpayer backed) fund at current value on their books. Govt pays cash. Govt gets a flex note. MTM is suspended while...

I think the stress tests could/will be used as a pretext to nationalize C and BAC. They will say we didn't want to, tried every which way to work the numbers, but they both flunked the stress tests, so we had no choice but to nationalize (when they really wanted to all along...). Maybe they...

The facebook stock can't be monitized. Had it been $500mm of GOOG or MSFT stock they probably would have taken it.

Sometime in the 1980s the gummit took the copper out of the penny. They are now only copper plated...:eek:

It sounds like you did not make the required estimated tax payments throughout the year. You will also probably be paying penalties... If you make $$$ in....then make and estimated tax payment by: Jan, Feb, Mar : make estimated tax payment by April 15 Apr, May: make estimated tax...

That would be Christopher Cox of Orange County, CA. It seems that GW liked to pick his friends. "Way to go Chris, you're doing a heck of a job"! Sound familiar?:D

Angelo Mozilo of Countrywide (CFC) would also have more culpability... While we are at it, should we prosecute the stupid? If so, Ken Lewis of BAC would be the obvious choice...:D

I think Franklin Raines of FNM would have more culpability...

That's what I was thinking. Or couldn't you rent a room from someone?

Now that you mention it, I notice it too...:eek:

You can easily make 10% or more on a single daytrade of SPY or QQQQ options. If you can successfully trade SPY or QQQQ itself, then you might be ready to trade their options, otherwise forget it. You will just lose your capital at a faster rate. You can actually lose money on a trade even...

Yes it does... Look at the volume traded for SPY and QQQQ Feb. options.

Try these trading symbols... DIJRB DIJRC DAVRD DAVRE

On a more serious note, the OP should ask himself why he established this position in the first place? The BAC/MER combined firm will probably continue to report losses and they will need additional capital, diluting the shareholders even further, which will depress the price of BAC stock and...

The April 20s do exist. They are the converted MER. I think at .85? Is that what BAC paid for that overpriced firm. Thain was a great salesman. He robbed Ken Lewis blind... Guys/gals, all of you have to have a positive mental attitude! The Messiah has arrived! All your problems will be...

Well, if you don't want to sell, you could double down and buy more of the Feb 20s... Optioncoach, Dagnyt where are you guys? A fellow ET'r needs some help. What do you guys think about the double down idea?

Yes he can! Yes he can! Yes he can! Yes he can adjust his position. You are thinking too negatively. Be an optimist! Here are some ideas to adjust your position: a. Rollover to the April 20 strike price. b. Sell the Feb 20 and buy the April 30 strike price. Open interest is over...

If you are going to trade odd lots, at least make them all 50 shares each. You've got buy 40, buy 60, buy 40, buy 60 and sell 50. If your broker goes FIFO or if you specified the specific lot to sell you might be in a better position to avoid PDT.

I can see why you got 3 different answers from your broker. Asking here will probably get you many different opinions, although we would all probably agree on trading round lots only. Even though the same stock was bought and sold on the same day, it really depends on the broker's internal...

I hope this transaction tax never gets out of the discussion phase or is killed outright, but I think we have to have a plan B just in case. Maybe a "flat" transaction tax of 1 cent per trade. (Just like the other garbage SEC fees.) "Flat" sounds fair and is easy to implement...