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atticus

Registered: Mar 2007
Posts: 12603

08-02-12 10:37 PM

Quote from KINGOFSHORTS:

I wonder if Michael Knight is meeting with FINRA to discuss the capital situation and how the KITT system failure will not occur again.

That Firebird was such a h*mo.

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badvestor

Registered: Nov 2011
Posts: 253

08-03-12 12:09 AM

Knight should take a lesson from uber capitalist Mr Trump. File bankruptcy, wipe out the loss. Start again with opm and pay youtself large dividends and salary. Rinse and repeat.

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SamGold

Registered: May 2012
Posts: 2

08-03-12 12:19 AM

Revenge. Sweet lasting revenge...

Almost better than sex...

FOK them!. They are bankrupt. Like taking candy from a baby. Killed with their own orders!. ROFLMAO.

***Fill or kill (FOK). If an investor places an FOK order, it means the broker must cancel the order if it can't be filled immediately.

90% of big traders lose!. They just lose!.

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489

Registered: Jan 2008
Posts: 35

08-03-12 12:28 AM

If the SEC was really serious about protecting the market from HFTs they only need do one simple thing; make the minimum tick for all stocks a penny. Today I tried to pay 97.61 for a measly 1000 shares of GS, and got a 97.60999 fill. Some frigging exchange/ECN will call that 'price improvement'. Really?

Penny minimum ticks would not require any lengthy comment period, no hard to understand rules or bloated monitoring systems would be needed, and HFT vanishes immediately. Unfortunately the SEC hasn't done a simple, smart, proactive thing in 70 years.

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atticus

Registered: Mar 2007
Posts: 12603

08-03-12 04:39 AM

Quote from atticus:

The 3/15/15 3.5% were down 10 to 81.20. Yielding 11.12%. Odeon Cap had an offer at 80.00 on price. Hearing they will offer these in the high 60s.

Yup, high 60s (close) as predicted:

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m22au

Registered: Mar 2002
Posts: 3138

08-03-12 03:40 PM

http://www.businessinsider.com/look...ing-away-2012-8

"Knight Capital's Trading Volume Is Just Withering Away"

Talking about a basket of stocks: "Overall, it handled 1.4% of volume, down from 11.2% normally."

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