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Cramer foams at the mouth too much to be credible, not to mention his perpetually shady dealings. I'd be inclined to bet against him as well. Besides, the SPX has rallied about 10% from the low Thursday, nearly straight up. Most unabated 10% moves don't make it to 15% without some serious...

Some of you guys really get into a lather pretty quickly around here. Computers are pretty reliable, but they are gonna have issues. If you are really that serious about brokerages going under, I would suggest two things: 1) Learn to read a balance sheet (then get one from your broker) 2)...

I've had many executions away from the market that never even print. The options data streams are iffy at best IMO. I was buying one contract Friday for $4 and the market was 4.50/5.25. I get executed at $4 and it never prints, nor does the B/A ever approach $4. This is not the first time and...

I will leg in to the first side to capture the spread. If the spread is $1.00 I will get inside by 10 cents til I get filled. The contract needs to be somewhat liquid. Once that's in place, I will split the bid/ask on the other side and watch it closely. Keep an eye on the TICk while you are...

I thought I was missing something here as well. I have been selling deep OTM SP options, then hedging with the ES when it gets close to my strike. Each SP Put/Call is 10K in margin. I had been reading about options directly on the ES contracts, which seem to have greatly lower SPAN margins...

If someone were sitting down to watch the interview and knew nothing of the man, then yes I think the average person would think the guy has serious issues. I am not saying he's not a genius, he likely is just that. Niederhoffer had an opportunity to interact with Ron and Sue on national TV...

I would guess we all would pick A, because we know the difference. I suspect many of the folks relegated to life in the B category are as happy as you and I in their own way. They probably fear the frantic nature of what life would be like in the A category and are happy in their quiet...

It isn't the $21. It's the time it will take to read it. I have a definitive style that works for me. While it is similar to Niederhoffer's methods, I would like to understand what he did and why he did it. I would also like to understand specifically why he bet the farm when he blew up...

The SEC pulls in exponentially more than it's budget. The reduction of enforcement actions and fee increases have nothing to do with SEC revenue - and they have stated as much. OMB has been "reallocating" that money for years. It would probably only piss you off more to know where it really...

This is a very interesting. You have to really separate the performance from the personality. There are studies that suggest that extreme development of the brain in certain areas can lead to deficiencies in other parts, thus the genius quant being puppeted around in social situations. I...

I saw him too. WOW!!!! That guy is unbelievable. I have known some quants in my time, but none who were such a close emulation of "rain man" himself. I have great respect for Vic's accomplishments over the years. His blowup was clearly a mistake, but the long term record is an outstanding...

I would suggest going back to a full price broker and getting your entry price displayed. We're all wrong. You should pay $30 a trade.

For those of you have have not read "Take On The Street" by former SEC Chariman Arthuir Levitt, I would highly recommend it in light of this discussion. I used to think (read, know) the markets were generally corrupt at most levels, that the big guys made out at the little guy's expense, and...

The article refers to 3 companies shorted by Gotham Capital Partners. The only problem with their positions was that they chose to publicize them, allegedly to benefit their existing position. This was poor judgement on their part. They have since liquidated and their actions and are being...

Here's the link to the status page, sometimes it actually has relevant info. http://finance.lycos.com/home/about/cserv/network_update.asp

I'm sure IB will get it resolved. Although there may be some frustration on your part in the meantime. It seems odd that no one else has showed up with a MSFT long position. I thought about taking a small position in MSFT as well. Are there that many daytraders here?

Yep, it's down. Can't get on anywhere or to any server. Wonder if it will be down the entire 3 day weekend or just until after the market closes? POS. Nice. Very nice.

I purchased a 2002 CLK55 in May. Outstanding vehicle. The new CLK body style is not as attractive to me yet, I would prefer the new SL style. On the road from the rear, the new SL resembles a mini viper.

I agree with the drip-drip method of making money. I don't believe it is wise to attempt to make money from buying OTM options and I have heard of some making money like Taleb for a while. Of course, the selling of OTMs can be lucrative as well with the same consequences. IMO, you must...

I don't know where they come from either. With the attitudes of the likes of NYChotshot, it may not be worth the time to tell them that they are wrong...as we keep shorting away the reverse splits that are still way under $5 and will probably never see $5 again. If these guys would learn...