dude , you see, thats your problem. Your interpretation of my post as 'making fun' proves you don't really grasp the nature of the game. Work on that a bit, then come back.
777, Obviously my brain must be failing me recently, and I also lost my secret decoder ring, so perhaps you could enlighten me as to the true meaning of your post, in plain straightforward english.
Arguing semantics here. Call it an edge, I really consider it a gimmick. If you had only known the talentless "traders" making 20k a month with bullets. I am not necessarily using the term gimmick as a negative term, after all, the best money is made on gimmicks. In my opinion, a true edge requires some special skill, intelligence, proprietary system, etc. Bullets weren't that. Easy. Before SHO, you needed an uptick to get short. On NYSE it was much more restrictive than on Naz (too fragmented). So you would see huge market shorts coming in and get hit down as they followed the latest possible uptick. With bullets, all you did was hit the bid to get short and then try to hit the market short down, then cover for easy money. Before everyone caught on, it was very very lucrative. Market shorts would just sit there waiting to get hit down and filled. As for them getting banned, well, consider whose interests that served. I love how they did it too, no warning or grace period. No conspiracy at all. Any proper tape reader knows how it works. At times, it is the specialist's job to shake out the daytraders. It does not matter which side you are on, if the need be, you will be shaken out if noone else is giving up stock. I have been played like this before, eventually I could not take it anymore and had to dump the position, my print was the turning point. I knew I was on the right side but it does not matter. Let's say you are actually short during the shakeout of the longs. Hypothetically you should make money but covering is a serious challenge. The stock of the sucker sells is mostly spoken for. It's kinda similiar to BlackJack at a casino. The real edge of the casino is their capitalization. Just wait for the streaks as the patrons will get busted on the bad ones and have to quit, never getting the chance to recover.
I don't think you mean the same bullets, I was talking about married puts, stocks only, almost all NYSE. They were restricted by SEC in late 2003.
I think that GS is going to be a lot of fun once it gets on the hybrid... right now it moves too much and the NYB quotes just sit there once the price has already moved... so you don't really know what the actual price is [not the price that shows on lvl 1, anyone can see that, but the price that you'll get if you buy/sell]