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  1. O

    Bloomberg special on Naked Short Selling

    The current rules are T+3 settlement. So if you hand over your hard earned cash, within 3 days the stock HAS to be transferred into your name. In the case of a naked short, the transfer never happens. In other words you have been robbed. Your cash has gone, but the item you purchased was...
  2. O

    Now we know where Cheney will retire to...

    And you could hang out with Michael Jackson on the weekends :D
  3. O

    "Classic" IB tech support

    Perhaps it is an "intentional" bug to reduce the load on their servers from the simulation accounts.
  4. O

    routing algorithms

    The industry changes too fast for that, with exchanges buying ECN's etc. The chart would be out of date before it was completed. btw SOES doesn't exist anymore.
  5. O

    Nikkei getting crushed...

    And all those options coincidentally expire at the end of the week...
  6. O

    Bloomberg special on Naked Short Selling

    Thanks for the link. Great to see Bloomberg had the balls to show it. Much better than the 60 minutes cop-out. http://www.cbsnews.com/stories/2006/03/24/60minutes/printable1438812.shtml
  7. O

    Now we know where Cheney will retire to...

    http://halliburtonwatch.org/
  8. O

    Government Bailout on the Way?

    You may end up paying the bill for being prudent: "It has to be paid for and the question is would the 34 percent of homeowners who have no mortgage be willing to pay taxes to support the bailout of people who traditionally have not managed credit well?''
  9. O

    Government Bailout on the Way?

    They've already told us. Remember "deficits don't matter". Don't forget who is on record saying this: "‘You know, Paul, Reagan proved that deficits don't matter. We won the mid-term elections, this is our due.’"
  10. O

    routing algorithms

    You should check the website for each exchange/broker. For example the algorithm for IB TWS SMART routing is here: http://www.interactivebrokers.com/en/trading/IBSmartRoutingStocks.pdf
  11. O

    Hyper inflation

    For thousands of years, one ounce of gold was enough to buy a decent suit and a pair of shoes, from the Roman centurions until today. All the gold one person can carry in two hands is enough to buy a house on a plot of land, even today. While it is certainly not a perfect store of value, the...
  12. O

    Hyper inflation

    These days, I suspect that the strength of the Dollar is because of the backing of our "strong" military.
  13. O

    Hyper inflation

    Why buy toilet paper when you need to hand over more pieces of green paper than are on the roll you are buying? You'd be better off going to the bank and changing all your $100 bills for 100 singles and using those instead. 100 singles will also burn longer than 1 x $100 bill. :D
  14. O

    Hyper inflation

    There are some attempts, with all sorts of interesting geopolitical implications http://en.wikipedia.org/wiki/Islamic_gold_dinar
  15. O

    Hyper inflation

    "Recession is when the wealthy buy the riches of the working class -- at half price. Depression is when you have nothing left to sell."
  16. O

    Hyper inflation

    I guess it depends on your definition of hyper inflation, but consider the following: The total number of dollars outstanding on 01 Jan 2000 was $5,751,743,092,605.50 As of 08 March 2007 the total is $8,833,183,947,747.23 The USD has therefore lost 53% of its value in just over 7 years...
  17. O

    Does anyone know what's going on with MB Trading?

    Its probably not MBTrading specific. I think this particular crime has scared the cr@p out of all the brokers offering online access http://computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=standards_and_legal_issues&articleId=9012699&taxonomyId=146
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    Weird IB message...

    I would imagine that the reason for the urgent need for increased security has a lot to do with things like this: http://computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=standards_and_legal_issues&articleId=9012699&taxonomyId=146
  19. O

    BREAKING NEWS: Scooter Libby Found Guilty

    Who cares? If the POTUS is required to tell the truth under oath, then surely everybody else should be as well.
  20. O

    BREAKING NEWS: Scooter Libby Found Guilty

    He committed perjury in front of a grand jury. Same crime as the prior president. The original indictment is here: http://www.usdoj.gov/usao/iln/osc/documents/libby_indictment_28102005.pdf
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