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The SIPC limit is $500,000 last I heard. TD Ameritrade has separate insurance for up to $900,000 of cash. Its higher than that if its in stocks, but its only $900,000 if you are out to cash/money market. Feel free to correct me if I'm wrong. The other issue is you don't want all your...

Fidelity is literally killing me on commissions. It was around $1000 to buy 77,000 shares of a $3 stock (Amex listed) with their Active Trader account. I called them up and questioned it, and they said it was all correct, 1.5 cents per share over 1000 shares or something like that. It cost me...

FOX can't even talk about business in their "business block", how do they expect to run a channel? Last weekend every stupid show had a segment on Anna Nicole Smithe, but I suppose that was better than the weekend before when they delayed 1/2 the shows so they could broadcast Barrick Osama's...

I do, but I have a big account. When I started doing it full time I had a lot more that $100k. I think I made 25 or 30% the 1st year, and I think i did pretty good to make that. Keep in mind also that you only get to keep a little over 1/2 the profits after Fed and state taxes. Also you need...

Just because an idea came fro a message board, that doesn't make it wrong. I'm very thankful (7 digits before tax) for the posters that: convinced me to take profits on PKS convinced me to ditch Mirant and buy RRI and AYE instead. I'm also very happy I ignored them and rebougt it at...

If you are capable of coming up with systems worth using, you will make a lot more using it for yourself than by working for some outfit that has a lot of overhead and is only going to share with you some small percentage of the results. Therefore, if you REALLY have any ability...

I tend to agree with Luke above. Keep your job, take your spare time and learn to trade and make money consistently while you save enough money up to give you a good shot at it once you have a methodology that works. When that time come, do it off hours/part time until you've amassed...

About $450,000 or $500,000 for 1 day. $1,500,000 for any one week. Those are days that tested everything I knew soul and taught lessons schools and books don't have to give.

If they were simply net short, why would the fund show in the qtrly report a 300,000 long position and then a 425,000 short position as a footnoted item?

So basically, you could do something like this if you wanted to as long as you didn't tell anyone that you were shorting it with the intent of moving the price down? I'd agree you probably couldn't get in or out of more than 50,000 or 100,000 shares worth of options efficiently. I just...

Don, Do you happen to know where to find out if this would constitute stock manipulation or not? Does the SEC need to prove intent to drive the price down, or would the fact that it went down each time they did it be sufficient proof? Also, Would the fact that they are both long and short...

I'm not sure if that comment was directed at me or who? I'm what you guys seem to call a position trader or investor. I do it for a living and do real well, thanks. I'm long close to 1 million shares, most of which I bought just before expiration when they were dumping like crazy, at...

The annual Central Bank gold sales numbers close out in Sept don't they? I bet we have very little Central Bank selling from here on. I think they'll wish they had it back in the end. My big longs are a couple of those on your list. You've figured the same way I have.

I did make a filing with the SEC enforcement folks questioning whether or not its a legal tactic. Let's put it this way. Their 425k short is large, but not massive.

zdreg, No offense, but did you miss the word "massive" there? Take "massive" and multiply by the 65 cents its up since then. Short interest was up again in July on low volume for the month, so it's a safe bet they haven't been able to cover, yet. You get the picture, now, right? I...

I've been trading the particular stock in large qtys for 15 months now, without any big trouble, so I pretty much know how the specialist will react to different order sizes.

There are about 1 million shares worth of calls outstanding fo Aug. Keep in mind I only know how many shares the particular funds were long and how many short, at that same time. I was giving option number trades as numbers of shares at maximum, not in contracts. They don't report how many...

Freehouse correctly guessed the result. I'm a turnaround specialist that looks for things that have been overly beaten down. Sometimes the shorts get too greedy, and if they make a habit of it, people like me get our jollies out of mucking up the guaranteed trade on a massive scale...

Ok, thanks. Its on the Amex and TSE. The specialist won't risk that kind of qty I don't think.

Ok, thanks for the suggestions. Your answers would be valid if I wasn't long, and if it wasn't dramatically undervalued. I'm up about 60 cents/sh at the moment on it, so I'll just hold on and wait them out. When they finally get forced to cover it will go like a rocket.