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MM's resent ECN's because they compete between the spread and cause it to narrow. When ECN's are eliminated, due to Supermontage and Primex's moving the market to their own turf again, we will be back in the "old days" where spreads get wider and the NASD and MM's run the show. They need to...

I'd use Word then cut and paste for the long ones.

When they do write it off, it could be a large charge. It's separately stated on the Income statement as a Change in Accounting Principle, so it's distinguished from operation income. Many companies are going to see increased earnings going forward because their FMV exceeds their book value...

The initial year of purchase they use the "Purchase Price" as the market value, even though the true market value may be less. This is because a recent sale is given the most weight for valuation purposes. I believe within the next year the 5m could be completely written off after an...

No, they don't take the 5m charge up front. It's still recorded as goodwill like before. The only change is instead of a straight-line 40-year depreciation of goodwill, the acquisition needs valued each year and if it's value is below the book value on the books a charge for the difference...

There's a retail broker that lets you maintain two opposing positions in the same stock, one in a Long account and the other in a short account. I did this for a long time until someone said the SEC would spank me so I kicked the habit. If you want the broker I'll give them to you over PM.

I like that the rules are broken every once in awhile. If they became consistent, everyone would home in on them and the entry/exit points would become so crowded that it would eventually become unprofitable. The way it is now, you can continue to make money (at a small price), and keep the...

Catoosa: I understand that problem. The scrolling is useless unless your within 10 or so increments. I use the scroll to move my stops, but to change # of shares I manually type in. I guess if I was a scalper type I would complain more.

Yes. IB will report your gross proceeds to the IRS. Just make sure your tax return agrees to their gross proceed number (otherwise red flags go up at IRS), and add the commissions to your cost basis to deduct.

You have unlimited risk as soon as you drop one side of your hedged position.

My two cents on Financial Auditors (like Arthur Andersen) are they're a bunch of sheep following management's whims for the most part. Who pays their $25 million auditing and consulting bill each year? What do you need to do to keep this $25 million account? How often is there any...

In the new TWS (JAVA), I just hold down the Left mouse button to accomplish the same thing? Is that slower than right clicking? :confused:

CEPH is one of my basket stocks and I woke up late and missed getting in on that one. Still holding PCSA from Friday short however along with CREE, LGTO, and MCAF as well. These easy down days are getting more common--must mean the market is pretty weak. :)

No, I was making the point that they are not as necessary on reasonably liquid NASD stocks. I don't see much difference in slippage going short, in comparison to going long, on the mid-high volume NASD stocks.

I agree, shorting is easy on the NASD liquid stocks. A few cents slippage on AMAT, KLAC, etc. is a bad fill, I usually get filled at or above the best bid, even when things are moving. Occasionally on illiquid NASD stocks you can ride them down for 10 minutes and not get a fill with a market...

Excellent idea. On a buy stop, two strikes at the "Best" Ask or above the inside Bid would trigger, nothing outside the NBBO. I'm all for an organized effort to change this simple rule. Just a little thought put into this by the IB programmers and traders and everybody could be...

Thanks for pointing that one out Hapaboy. I'll add to my basket. It looks like a nice smooth stock to swingtrade or daytrade.:)

Maybe they should offer two levels of service, one for the bare bones trader (current) at .01 a share, and another for the personal assistant type for .02 per share? Or have a 976 line at $5 a minute for immediate service? I can see if you have a problem then it would be a pain, but...

My repeated request is to get the Stop order Algorithm changed or at least modified to have the option of having Stops elected on the Bid or Ask. I try to minimize my slippage to zero on every order. I know exactly where I want in or out so I can determine slippage. To guess the spread on a...

Yes, ROI is the bottom line for any Investment/Business. I'd say the big mutual funds milking the poor investors year after year, then the Exchanges would come out ahead in the long run.:)