Did someone blow out at Bright?

Prez · Jul 30, 2007

About an hour ago, I happened to browse Bright's website and noticed a "New" message that traders may not trade stocks $100 and over without express permission from the bosses. While typing this, I tried to access www.stocktrading.com to use the exact language of the trader alert and keep getting "connection has timed out" messages. What gives?

atticus · Jul 30, 2007

No, absolutely impossible. All Bright traders' employ the most sophisticated arbitrage strategies. They're as safe as the US Treasury.

marketsurfer · Jul 30, 2007

are you suggesting bright has blown up due to a "rouge trader" type situation??

surf:eek:

Longhorns · Jul 30, 2007

Quote from Prez:

About an hour ago, I happened to browse Bright's website and noticed a "New" message that traders may not trade stocks $100 and over without express permission from the bosses.

Hmmmm.....

Per share pricing .005

Trade 1000 shares of a $100 dollar stock = $5 dollars in commission

or

Trade 10,000 shares of a $10 dollar stock = $50 dollars in commission

:eek:

Who wants to trade those boring high priced stocks like GOOG, RIMM, AAPL, GS, etc???

marketsurfer · Jul 30, 2007

site still down..... don, you didn't hire nick, did you???

surf:eek:

Sanjuro · Jul 30, 2007

Yep, except for those Bright traders who shorted Google on their first earnings, blew out their accounts and Bob had to close out their positions the next morning on the huge gap up.

Quote from atticus:

No, absolutely impossible. All Bright traders' employ the most sophisticated arbitrage strategies. They're as safe as the US Treasury.

atticus · Jul 30, 2007

Quote from Sanjuro:

Yep, except for those Bright traders who shorted Google on their first earnings, blew out their accounts and Bob had to close out their positions the next morning on the huge gap up.

Ha ha ha. You must be the 13th man on the deal-team. Everyone knows that those shorts were hedges against long PIPES positions taken by Don's structured products group [DSPG] and Mav's desk at V-Trader [S.P.E.C.T.R.E.]. I think they cleared more than 20-billion dollars on that deal alone.

Yisterwald · Jul 30, 2007

Quote from atticus:

No, absolutely impossible. All Bright traders' employ the most sophisticated arbitrage strategies. They're as safe as the US Treasury.

Best.

Post.

in Weeks...

Equalizer · Jul 30, 2007

Quote from marketsurfer:

are you suggesting bright has blown up due to a "rouge trader" type situation??

surf:eek:

Indeed surf, here is one of those traders doing what thay do before a hard day's trading - applying some rouge as you put it...

marketsurfer · Jul 30, 2007

Quote from Equalizer:

Indeed surf, here is one of those traders doing what thay do before a hard day's trading - applying some rouge as you put it...

apparently i have been in the city too long!

thanks mr. rogue.