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Thanks Rufus. One more question: Why would RFXCQ still be trading at $1 if the shares are pretty much worthless? I know that shorts are covering and people are hedging against their option positions but there's has to be a ton of sellers (127.5 million shares outstanding). I guess my real...

Does anyone know what will happen to the existing equity shares if JC Flowers does indeed take the regulated futures business private? If we get to own a piece of the private company I would definitely buy some at lower levels (under a $1). This could be a good 1-2 year investment opportunity...

If I'm hearing the news correctly, since the regulated futures business was potentially sold before they filed CH 11, the proceeds should not go to debt holders but to the equity shareholders. Of course there's no guarantee that this deal with JC Flowers will be completed as agreed since it's...

Try this site: http://money.cnn.com/markets/morning_call/ Check it around 9pm since it would be more accurate if a stock is gapping based on price execution later, profittaker

If you're a prop trader at a daytrading firm and receive a k-1 partnership return at tax time, how do you write off your business expenses since most if not all prop firm won't write them off on their LLC return? My prop firm also doesn't allow sub-llcs on prop accounts. Thanks!