Search results

Glad I didn't buy much!

So you're saying that OPG with ARCA doesn't result in a live order for BAC? What about premarket ARCA limit orders? Those probably participate in the opening cross, although I'd need to check to be sure.

statements - activity - annual - HTML should do it (going from memory, the first two could be reversed). Not csv, but hopefully close enough.

I'd be long before I'd be short, but it's definitively speculative. Don't buy it for the divdiend and maybe you won't be disappointed!

Lesson learned - be honest and don't lie about your losses, so you don't break the SEC rules. Then at least he'd get to keep the $3M in fees earned so far (he was up 70% for 2013). Now he's going to lose that, at least whatever he didn't spend / reinvest in his fund. Also, when you blow all...

KBIO - short at today's close. Guaranteed winner ;).

KBIO appealed the delisting, but also just filed for bankruptcy! http://chapter11cases.com/2015/12/29/kalobios-pharmaceuticals-inc-kbio-linked-to-martin-shkreli-files-for-chapter-11-bankruptcy-protection-in-delaware/

Yes

Pink sheets said they don't want them.

South Park has the answer for you right here:

Ah, I see what you mean. I think the SEC guys aren't allowed to short anything at all, and have some long holding period for long buys too (6+ months?). But you never know.

KBIO was about $31-34 when I recommended it; I guess we see where it opens after the halt and SEC charges vs the CEO. You're welcome :)

Charges filed: http://www.streetinsider.com/dr/news.php?id=11162570

The class action lawyers will be all over this. Shkreli's got money too, so there might actually be recoveries, not sure if that covers unlucky shorts as well as overly optimistic longs who got burned. I'll take a copy of that album for my share, if he's not bothering to listen to it ;).

Unlikely. The insiders are Shkreli and his friends, who bought 70% of the shares to pull off the big short squeeze that propelled this up from $2 and out of liquidation. They are subject to the swing profits rule for 6 months, so if they sold, they're not keeping the gains. As for the...

Among other things, this just goes to show "spoofing" is anything some regulator doesn't like. What they didn't was nothing like the normal definition of spoofing (ie orders not intended to execute but rather deceive others).

Most games without real money have the property that the top couple players win something, but otherwise it doesn't matter if you lose or by how much. In games like this, it pays to swing for the fences. If they'll let you short KBIO, that might be a good, high volatility bet. Then again, you...

It's 20-30% of my portfolio depending on if you count it by market value effected or number of securities, although it's a higher fraction of the marginable ones since some fraction of my holdings were non-marginable or otherwise already 100%. Most of the effected stocks are small caps.

Happy Thanksgiving and another margin hike - I just got a notice from IB that over 30 securities I hold will have their default 15% requirement raised to 50%. On the bright side, this is being done in what I would consider a responsible fashion - the increases in maintenance requirement are...

Here are the account maintenance fees. Double check that IB Canada isn't a little different since it's a new, separate entity from IB US. If it's similar, I don't think there will be an issue for those given your trading is well over the minimums they look for...