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This is not an "illegal" short sale. An attorney friend of mine says "illegal" means criminal. Apart from that issue, your first sale was a long sale. You don't explain why you didn't cancel the order. That seems conveniently left out. As to fines, they DO NOT go to NASD, rather to the firm.

Let's all give a ....er....hand, to Lonehand.

You can't have a union. You don't have an employer. You couldn't get certification from the National Labor Relations Board. Travel agents thought about doing this a few years ago to deal with the airlines. It never got off the ground, so to speak. What you can have is an association...

Try the UAL preferred B which is cheaper than the common, or the UAL T which is abt .92 . It's tied to a jr sub debenture and is higher in the capital structure than the pfd b or the common.

NYSE asks you to remove your clothes before bending over.

I thought there was an NASD rule prohibiting the shorting of stocks under $5. Anybody?

Here's the long and short of bankuptcy (like the trading analogy?): 1) Chapter 7 (liquidating your assets to pay creditors) will stay on your credit report for 10 years. Chapter 13, the so-called "wage earner plan", will stay with you for 7 years--but you'll be required to pay back a portion...

This is the most worthless, pointless thread I've ever seen. I'm still not sure how it generated so many posts, or, frankly, what the subject really is. That's not acceptable unless it's extremely, incredibly funny--as well as pointlessly insulting.

The first time I heard about this, I broke out in a cold sweat worrying that someone had stolen my strategies.....then I realized the thermostat was set to 82 degrees.

I know I said I was finished on this forum, but I just had to get this in: Bob 111, your problem is NOT pair trading. It's children. Stop picking up your kid during trading. Has he ever heard of a school bus? Taxi? Bike? Rickshaw? Here's the advice I gave all new traders when I ran a...

Due to a request from the dude who made $2 mil pair trading, I will no longer be posting in this forum. OK, GG??

There are dozens of guys/gals trading this pair..... many more who USED to trade it and either lost all their money or someone else's. I know one guy who blew out his account at Bright on GE/HON (and quite a bit of the firm's money), then went to Generic and, I've heard, he blew out on...

I disagree that it lacks glamor and thrill. I guess it just depends which stocks you're pair trading. If you're feeling really sexy, try UNH/WLP, or some of the brokers; thus, my references to gambling, and smoking crack.

Come on dude, Phil McCracken= Fill my crack in

Man, I wasn't trying to be aggressive, only humorous. But.... You seem to be saying, "I'm going to start doing this tomorrow anyway, so please don't bum me out ." Well, sorry, but here are the facts: I know quite a few people who make a living at pair (or pairs) trading. It...

Everyone please advise me when you enter a pair,the stocks, the size of your trade, and your equity balance. I will then proceed to deliver as much pain to you as is necessary to force you out of your position. Pair trading combines three of my favorite pasttimes: 1) Trading 2) Gambling...

Much has been said here and obviously there are some who feel they have been threatened or their reputation besmirched. My only (and final) comment is that I think Bob knows his stuff, although his operational setup is quite a bit dfifferent than other CPA's. This does "put off" some people...

Since I went from prop to retail, I get margin calls. I don't consider it a big deal. I meet every call. The wire fees do add up over the year, though. I don't think a call indicates there's something wrong with your trading or that you are overleveraged. After all, you shouldn't have all...

The issue of hobby status involves reporting losses in 3 of the last five years. Trading would never be a "hobby" like model rocketry. You could lose 20 consecutive years and I don't think the hobby argument could be made here.

Is Keanu Reeves involved?