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Thanks for looking into that, Jonny. Interesting outcome. Strangely enough ... as you said. If you don't mind, what was the P/L for the two spreads and over what time period?

Cramer is only about playing to the ratings for his show at this point. His viewer base is made up of mostly (if not totally) longs. So he will side with whatever makes him sound like he is on the side of his viewers. In return for him "siding" with them - he hopes that some portion of the...

I'm sorry - but you should read a little closer. We are actually saying the same thing. When a bunch of retail investor with weak pockets were levered at 10 to 1 - a "bear raid" to produce consistently lower ticks may have got them to puke out their shares. This is the exploitation that...

What Mr. Schwab and many other uptick rule advocates, like Cramer, almost always conveniently leave out is that the retail investor had 10 to 1 overnight leverage back then. Compared to the max of 2 to 1 for the retail investor today. It was that regulatory move that had a far greater role...

Texaco lost a $10 billion lawsuit vs. Penzoil. Around 1985. Filed for bankruptcy in 1987 or so. I don't remember the reason for the lawsuit.

I just picked up a new HP with 4 GB of RAM, 320 GB HD, Dual Intel Centrino, ATI Mobility and Vista Biz Premium for about $970. So for another $100 or so beyond the asking price of the used machine - you can get a pretty decent new laptop. If you can afford to wait - consider hanging out...

Jonny, Thanks for taking the time to maintain this thread. I see that you gave PairTrade Finder a good review in the ET products and services section. Here is my question. Let's take a spread like XOM/CVX , where the 3 year correlation and the 1 year correlation are both high (3...

yahoo finance says the 52 week low is 13.60

"Flytiger" .... "What," exactly, is "over?" The health of the bull market? The health of the overall economy? Society as we know it? The NY Jets chances of making the NFL playoffs? What, specifically, is "over?" Be specific.

Actually, stocks ARE ACTUALLY valued on their prospects for future profits (or losses). Stocks like XOM and WMT are profitable, are expected to remain profitable and expected to do at least "okay" going forward vs. the general market. Hence no so-called "bear raids" in these names. The...

What if it has persisted for only 12 consecutive settlement days? Is that an illegal short sale, as per the rule you cite?

It was not my point that Cox was fit to run anything. I am far from a fan of the man. I included myself as part of the group of people that was very surprised at his pronouncement. If, however, a rule is deemed to be *subject to the interpretation of the SEC chairman* and ... Traders and...

Re: Cox - If I ever have a run in with the SEC, I will be sure to use "Cox lied ..." (or whomever is in charge of the SEC at the time) as my legal defense. That should work wonders for me. Re: the second point, ... "whatever" ... Many of the "internet darlings" of the 90s had floats...

1. To the surprise of many (including myself) Mr. Christopher Cox of the SEC said that naked shorting wasn't (until recently) illegal. So, that's what I don't understand about "illegal." 2. Naked shorters make more mistakes than the one you've pointed out. They also make the mistake of...

With all due respect, flytiger, you may want to start training your guns on stuff like this ... http://news.yahoo.com/s/nm/20080805/us_nm/freddiemac_dc If this is true, then this guy is being paid either side of $5 mln/ year in total compensation to execute that type of...

Mvic - I agree with you to a point. Bill Miller definitely got all of those BSC shares by averaging down. And if you were a money manager (mutual fund or hedge fund) awaiting the outcome of the Einhorn / Callahan feud - you probably had already done a fair share of averaging down. But when...

I agree that it is BS. Simply put, imagine that you are a hedge fund or a mutual fund holding a ton of LEH during this brawl between LEH's CFO and the short seller Einhorn. During this whole thing you are hoping LEH is right because, frankly, you have no choice. You are long the stock...

mpersico - I'm not interested in any of these firms, but I think your comment about live data vs. backtesting is dead on. In your experience, how much live trading results to these firms wish to see? I have heard as long as two years and as little as six months.

Maybe another way to say this is "They say that commercial demand by entities *** that use the U.S. futures market *** may not have increased very much." But I doubt that the demand expressed by the entities that buy crude oil and refined products for China and India can be accurately...

I am only addressing their attempt to achieve these things and the recent significant impact on prices ... from oil to cast iron. Not the "morality or immorality" of their (or our) pursuit of fufillment. In terms of "not everyone getting what they want" and "disappointemnt" - could it be...