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So if I owned 1000 shares of MSFT (~27k worth), great I OWN it. But what does my 0.000000102...% stake get me? I don't have much swing when it comes to voting for directors or such, so I might as well be trading a derivative right? With derivatives I don't own it, but I CONTROL shares. I...

that is correct http://www.888options.com/help/faq/splits.jsp?prt=etrade#2 You can also search the occ linked above for the term bankruptcy and find other examples of what they've done in the past.

not exactly, but it's really close ;)

[toung in cheak] So you're saying what, that they'll cancel each other out? [/toung in cheak]

No I'm not intimately familar with buyouts and I've avoided anything to do with buyouts for the last 7 years because of that. I'm also not denying that illegal insider trading goes on. What I want to know is that if KKR the entity bought ahead of it's own offer, is that illegal? And if a...

ok I'd like to learn then. I've been scouring the SEC site but am having a hard time finding anything that exactly matches this situation. I've found lots of good information at these two links: http://www.sec.gov/news/speech/speecharchive/1998/spch221.htm...

Right, and who says it wasn't the company doing the buyout buying the shares. What's illegal about that?

Sorry, I was actually replying to Scalper007's accusation that it must be illegal trading that lead the price up and offered a more plausible explanation. (not that illegal insider trading never happens, but seems lots of people jump strait to that conclusion.

Is it possible that KKR was the one that ran the price up? If I was going to buy something outright at a premium and I had the chance to by part of it lower and then more options on parts of it lower why wouldn't I? (up to the legal limit) It could move the price substantially, but as...

Buy it back.

I hate jumping on threads like this, but if you put me in first position on your title, I'll give you a decent rate up to around 90% LTV. (ok, not zero down, but close enough) This joker has no collateral at all.

arrg, but you have to buy twice the number of calls. decay per 2 calls = decay per 1 call + 1 put -100 shares + 2 calls EXACTLY EQUALS 1 call + 1 put (accounting for dividends and cost of carry and is worse from a margin standpoint) Adjustments can be identical. If you buy the call and...

You're describing the Anti-Martingale betting strategy. Here's some reading for you. http://en.wikipedia.org/wiki/Betting_strategies

I've always wondered what that 3k meant. For example... 2005 return -10k, claim -3k, roll -7k 2006 return +20k -7k was carried over to 2006, now can the -7k be written off 2006 to only pay tax on 13k? Or does 3k mean only -3k off the 20k for a tax on 17k carrying the remaining -4k over...

DXL - Dow/10

Nitpicking details, but according to this site (and it's links to the Bureau of the Public Debt) it appears to only be about 28.6k per person, but point made. http://www.brillig.com/debt_clock/

This months Fortune issue had an interesting article titled Exellence. They talked about the idea of the "Ten year rule", in that it is a rough estimate of the minimum time it takes to become "world class" in many activities. The biggest take away was that it will take time and hard work no...

The TOS platform has this built in to the portfolio monitor page and will beta weight all the greeks to any underlying you'd like, including indexes. It really changed the way I monitored my holdings.

Right, look at a three year chart of the SPX. We are smack against the upper trend line. We could ride it higher, but probabilities would have to say we drop back to the middle of the channel at least in the short term.

I stated stocks with Fidelity (free gold account from my employer), then went with TOS for options. Now I'm looking at moving my Fid to IB and keeping TOS. From what I've seen IB and TOS would complement each other well and provide most of what anyone could want retail.