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Hello, NYSE? I'm sorry, I've had a glitch. Please break that trade. hahahaha. Somehow I can't see Joe Trader getting away with that. There have been weeks when I've a glitch a day. And did Bloomberg report on me? Did I get to break my trades? Noooo-ooooo.

L---O---L! I knew that song was prophetic....:D :D :D wow. That sooooo sums up the clinton generation.

By clearing I am talking strictly about trade matching and settlement. I think it is simple in principle, technically and legally complex, and requires a great deal of capital -- high barriers to entry. I have no doubt that it is a terrific headache. My intent in these threads is to...

Now we're getting somewhere. Ive PM'd you for details.

yknow, it was reported that NAZ short interest hit a record last week....

This last part -- exactly. Just like it is for a pit trader. I have no problem with people earning a profit. I've owned a business. And I couldn't begin to price my services/products without having a handle on costs. Now I'm a purchaser of services. I want to pay a fair price. And I...

it's those darn 'glitches' again. But the spin this thing got on Bloomy this morning...and the Kozlowski thing...what a bunch of bear market hooey. BFD if a two dollar stock is down another two...so WHAT if Kozlowski MIGHT not have paid sales tax on some paintings. Should a conglomerate sell...

I'm talking strictly of the operation of trade clearing. Not trade execution, not support for traders, not sponsoring props, no front end 'value added.' I have a hard time believing that it costs a clearinghouse 1/3 cent per share to clear a trade, when billions of shares are cleared a year...

Insight is absolutely awesome. Too bad remote traders can't get it.

Sometimes sitting still is very hard work.

Actually, <i>if</i> -- and this is the 'big if' -- the cost of clearing a trade at a real, live, established firm (not one of the 10-pc's-in-an-executive-suite firms) is .0005 (it may even be less) per share, then I'd say one can expect alot of value for .01. And, I'd say that .01 is about 10...

looks like they're still settling trades and it's 5:02 est.

it looks pretty dismal. sometimes everyone can be bearish and it'll <i>still</i> go down.!:D

That is worth taping to the monitor.

lol

exactly. if everyone here is bearish.... leave it to elvis to make that observation.

A big move is often followed by a big retracement. hahaha. Independent trials argue for a large loser to NOT be followed by another large loser.

well, i definitely see your line of reasoning. yet, the idea of 'regression to the mean' argues for such an approach (well, I can't speak to 'going for broke,' because that's not the way I do it.) He might be boxing, but he's also trading with a keen respect for statistical realities...

lack of confidence in the markets hurts. but free people bounce back and move on surprisingly fast. This includes traders. Some have said the difference between 'winners' and 'losers' (if we may oversimplify) is just that -- getting back up. It is understood that getting knocked down is...

sort of like a mini emlx. wierd.