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    WCRX Warner Chilcott $8.50 Divided anyway to play this?

    Special dividends are infrequent, however companies often issue debt to pay it out. It really isn't that rare. Also, after about 30 minutes or maybe a day, the shares factor in the special div.The money that could have been made is if you bought on the initial release of the news as quickly as...
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    TAM - Foul Play by Insider in Takeover?

    By the way, does anyone know of a good real-time options scanner that would look for spiking volume like this situation?
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    TAM - Foul Play by Insider in Takeover?

    If you were watching the news there was a headline at 3:14-15PM on Bloomberg. The options trades your referencing weren't till 3:21 PM and thereafter. I was able to buy some as late as 3:24PM. So I wouldn't always assume foul play on these things. It was y a slow Friday, so it didn't move right...
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    Flying first class and not coach, why?

    The whole experience makes it well worth it. You also get your bags first, so you can get a cab before anyone else...that alone can save up to an hour after arrival.
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    PUT options liquidated at worst possible prices

    I also had a auto liquidate problem with IB about three months ago, cost me over 15k. They auto liquidated over 1 mil in stock when they shouldn't have, I had valid outstanding MOC orders on these stocks that NYSE just took to much time to fill(around 4:35 PM), so IB CPU just started getting me...
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    Bank of America Brokerage

    I know they take forever to clear a check, but they don't charge for ACH transfers, at least not with my checking account.
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    Bank of America Brokerage

    They are by the NOT the greatest or probably not even average. I have an account with them but only use it for my long term trading. The reason being their site times you out after a short period of time and there order entry is not organized well to get into a short term trade when even 30...
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    1k to 1M buying goldman sachs puts

    when the news hit the wire, the 175's were quoted at less then .05...so if you were fast enough, you could have gotten all that you are speaking of without any "inside information" at the prices you mention.
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    Buying Precious Metals?

    I appreciate the replies.
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    Buying Precious Metals?

    I was just looking for some tips on buying physical precious metals. Perhaps if anyone had any advice on this topic such as reliable dealers to work with, as well as decent markups to spot price, they could share them.
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    How much are you comfortable keeping in your prop account?

    If you are new at a firm or the firm delays payments to the traders for any reason, the smallest amount possible to achieve your BP needs. If your firm is always on time paying there traders and you have been then for many years, it isn't too much of an issue.
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    What to branch out after stocks ?

    are you making 10 mil+/year in equities? If not, then you may want to continue to expand in the asset class that you are currently more familiar with. It maybe easier to add 100K in pnl on the equities side, then to make 1K in a asset class you don't trade frequently.
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    Automated trading doesn't work

    Money can be made via discretionary or automated means. Some traders do both. If you use a small sample size such as yourself and a few others that were not able to make their method a success doesn't necessarily invalidate the idea that money can be made via either technique. You need a larger...
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    Sick article on Derivatives......

    "A simple two-ply square of toilet paper sells for $417" The above statement made me write this whole story off. The author lacks common sense. Perhaps the author lacks sense overall. If 1 sheet of toilet paper cost that many bills, wouldn't you just use the 417 bills in place of 1 piece...
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    Tax Implication of Trading Canadian Equities

    I am looking into trading Canadian Equities from the USA(US Citizen). Are there any foreign tax implications, or am I just liable for paying taxes to the IRS for any trading gains?
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    Newly Poor Swell Lines at Food Banks Nationwide

    They said in the article she was pregnant, expecting another child. Not that i agree with them going, maybe they should move to a cheaper part of the country. 55K between the two of them working, that is minimum wage in that part of NJ.
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    Another day in paradise

    I believe the expectation was down a little over 11%, so being off by less then 10% of what was expected is not earth shattering especially in trading terms. However to see a major economy down over 12% annualized regardless of what was expected is pretty amazing.
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    programming experience

    If you are a trader, there is an opportunity cost to learning to program. This can be thought of in many ways. You could be developing more trading ideas instead of learning to program. It is going to take time, if you have a system that may generate 2K a month, but you wait 12 months to...
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    SIPC Liquidating Madoff Investment Securities

    Can't they just amend their past tax filings?
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