It was just about a year ago that every business media outlet was devoting prime space to talk about the demise and possible annhilation of EIX and PCG due to the California energy debacle. Remember?
Taleb's book "Fooled by Randomness" got me thinking about this and wondering what ever did...
This is what I got from IB:
Dear Trader,
Thank you for your email. It is not a fixed rule of thumb, but you may want
to wait until the trades settle. Meaning 3 business days. Then in order
for you to short the stock it must be marginable. Usually this is not available
for 30 days...
Hmm...lets see STOCKBROKER (a while back), seanote, dgabriel, DonBrights Opening thread, plus who knows how many more in the future.
But the larger point is that these people are polite, cordial and professional.
what content would that be? the churn/burn strategies that make brokers/firms rich? the pathetic princess whining? the screaming hard sells to join his firm? gimme a break!
The kospi has doubled since it formed a double bottom in September 2001. But right now it is headed into some overhead resistance. I'm considering shorting some for a medium/long term trade (wide stop loss) and would appreciate any thoughts; especially from those traders in Asia with more...
I've heard that it is not possible to sell short an IPO within its first 4 weeks of trading. Could anyone please confirm this (preferably with some proof :D )?
I checked this site's archives and nasdaqtrader.com and sec.gov but didn't find anything relevant. Thanks in advance.
To put all this $ amount thing into perspective thestreet.com received $700,000 last year from their banner ads. If you've been to their site recently you will notice that they plaster it with a massive amount of ads, and they have a hell of a lot more viewers than elitetrader.com....you can...
Maybe it has to do with commissions. A lot of brokers will charge you a ticket plus a per share fee (before the days of 1 cent/share EDAT) so perhaps this rule of thumb came about to keep your commissions at a reasonable % of your trade. Just a thought.
Another reason could be that higher...