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wall_rus, agree with your post 99.9% .. However if religion went away it would just get replaced with some other defining thing such as crooked nose vs. straight nose that people would kill over.
see: Dr. Seuss
a 5% or greater owner is required to file within 10 days 13D 13G. I assume that is what you mean. As for mutual funds, they report holdings quarterly. the universe of mutual funds that would or could by DPDW at this point is tiny. hedge funds could certainly buy the stock.
all stocks can be traded 24/7, it just is not usually made available to retail customers. it is usually inter-dealer trades. ameritrade, schwab etc don't let us retail customers get in on that action.
nsomniyak's post is correct but you can look at it from the other side as well. those trades can be filling in the market makers shorts for the days activity. really know way to tell unless you could specifically match up trades to make it fit. i was at several small otc brokerage firms and we often used some of the big wire house trading firms to make sales or buys for us and then fill them at the end of the day.
a = acquisition
b = bunched trade - average price
c = cash trade
d = distribution
e = automatic execution
g = bunched sold trade - opening/reopening trade detail
h = intraday trade detail
i = basket index on close transaction
j = rule 127 trade
k = rule 155 trade
l = sold last
n= next day
o = opened
p = prior reference price
r = seller
s = split trade
t = form t trade - pre/post market trade
u = extended hours trade - reported late or out of sequence
w = average price trade
y = yellow flagged regular trade
z = sold - out of sequence
OT: Float screen... is there an obvious way to scan stocks based on the public float of the company? Can't find it with my current set of tools.
TIA
Mike, Here is the most recent relevant IRS information.
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Special Rules for Traders in Securities
Special rules apply if you are a trader in securities in the business of buying and selling securities for your own account. To be engaged in business as a trader in securities, you must meet all the following conditions.
*
You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation.
*
Your activity must be substantial.
*
You must carry on the activity with continuity and regularity.
The following facts and circumstances should be considered in determining if your activity is a securities trading business.
*
Typical holding periods for securities bought and sold.
*
The frequency and dollar amount of your trades during the year.
*
The extent to which you pursue the activity to produce income for a livelihood.
*
The amount of time you devote to the activity.
If your trading activities are not a business, you are considered an investor, and not a trader. It does not matter whether you call yourself a trader or a “day trader.”
Note.
You may be a trader in some securities and have other securities you hold for investment. The special rules discussed here do not apply to the securities held for investment. You must keep detailed records to distinguish the securities. The securities held for investment must be identified as such in your records on the day you got them (for example, by holding them in a separate brokerage account).
How To Report
Transactions from trading activities result in capital gains and losses and must be reported on Schedule D (Form 1040). Losses from these transactions are subject to the limit on capital losses explained earlier in this chapter.
Mark-to-market election made. If you made the mark-to-market election, you should report all gains and losses from trading as ordinary gains and losses in Part II of Form 4797, instead of as capital gains and losses on Schedule D. In that case, securities held at the end of the year in your business as a trader are marked to market by treating them as if they were sold (and reacquired) for fair market value on the last business day of the year. But do not mark to market any securities you held for investment. Report sales from those securities on Schedule D, not Form 4797.
Expenses. Interest expense and other investment expenses that an investor would deduct on Schedule A (Form 1040) are deducted by a trader on Schedule C (Form 1040), Profit or Loss From Business, if the expenses are from the trading business. Commissions and other costs of acquiring or disposing of securities are not deductible but must be used to figure gain or loss. The limit on investment interest expense, which applies to investors, does not apply to interest paid or incurred in a trading business.
Self-employment tax. Gains and losses from selling securities as part of a trading business are not subject to self-employment tax. This is true whether the election is made or not.
How To Make the Mark-to-Market Election
To make the mark-to-market election for 2007, you must file a statement by April 17, 2007. This statement should be attached to either your 2006 individual income tax return or a request for an extension of time to file that return. The statement must include the following information.
*
That you are making an election under section 475(f) of the Internal Revenue Code.
*
The first tax year for which the election is effective.
*
The trade or business for which you are making the election.
If you are not required to file a 2006 income tax return, you make the election by placing the above statement in your books and records no later than March 15, 2007. Attach a copy of the statement to your 2007 return.
After making the election to change to the mark-to-market method of accounting, you must change your method of accounting for securities under Revenue Procedure 2002-9 (or its successor). Revenue Procedure 2002-9 requires you to file Form 3115, Application for Change in Accounting Method. Follow its instructions. Label the Form 3115 as filed under “Section 10A of the Appendix of Rev. Proc. 2002-9.”
Once you make the election, it will apply to 2007 and all later tax years, unless you get permission from IRS to revoke it. The effect of making the election is described under Mark-to-market election made, earlier.
For more information on this election, see Revenue Procedure 99-17, on page 52 of Internal Revenue Bulletin 1999-7 at
www.irs.gov/pub/irs-irbs/irb99-07.pdf.
Mike, you are correct. It does get trickier when someone also deals in Futures. What a nightmare our system of taxation is, I am all for a flat tax.
btw - Since you explored this with a CPA, what method do you use?
cliffvb: I honestly don't remember anymore but you can easily research that. IRS.gov publication 550 or google it.
However, keep in mind that Capital gains treatment changes and you mark positions to market among other differences.
It is pretty complex and I have been out of the tax business for a long time to accurately give you a good answer.
When in doubt deduct it! - I would absolutely deduct any and everything that is used to help produce income (dues, books, newspapers, magazines, seminars, travel.
Dr. Alexander Eder, a trading guru has run trading seminars all over the world at exotic locations. I assume everyone who has attended writes them off.
Obviously that would not include taking the wife, girlfriend or kids unless you could somehow make a case that they were helping you make the investment decisions.
DigiTech, the dues are deductible as a misc. itemized deduction subject to 2% of Adjusted Gross Income. Unless they have changed the tax code recently.
If you are in the business of trading & investing, it would most likely be fully deductible on Sch C or on a Corporate tax return.
consult your tax adviser, that is also deductible. LOL
Len: Ok, I was going to buy "The Doors - Perception 40th Anniversary CD/DVD" collection which for the most part duplicates what I already have. I will try and divert the funds to IHUB.
How will you spend your 12 cent commission?. <g>
"With that offer, I can't comprehend why anyone would not become a member!!!"
One reason for me only not to be a member is "giving up my personal info to sign up" Why is that a problem, not because I am a pumper or other such thing. It is because of some of the nutjobs who scare the crap out of me. There are some crazy folks I have run into online who would think nothing of making a personal visit to someone they think they don't like.
In a past life I received some pretty nasty crap sent to me from some idiot on a message board.
I thought about making up some fake id, etc. and decided why bother.
Len - you know my real name as I recall, but your sane, aren't you? LOL
Depending on the browser I have had some issues with charts & text being obscured by ads. I also note that recently keywords are now underlined and linked to some annoying pop up ads. They are wearing me down.
Today's form 4 filings indicate Barchenko & wife converted loans to stock. They have always been willing to put up money to help cash flow and take the money back in stock, which they rarely sell into the market.
Bullish I hope!
Thanks 10B... It seems proper to explain why something stinks. I don't own it and based upon your post and Mikes, I will steer clear of it.
SNEN: Looks like somebody is reading these boards as they pulled the ARCA sell order after your posts.
CFSG: New high today, NASDAQ listing on Monday and this from CEO on Seeking Alpha interactive blog:
We are doing everything we can do increase shareholder value. Financially, even though we don't provide guidance for 2007, we do have a committment to our PIPE investors in the form of "make Good" number - comprehensive income above $0.46 per share. If we don't make this number, certain personal shares of the Chairman and myself will be given to PIPE investors. Business wise, in addition to our continous focus on Iron and Steel industry, Power plant, and Petrochemical plants, we are expanding into Transportation industry and other vertical industries. We also very much focus on investor relations. I personally go to US and meet with institional investors on the quarterly basis. We have talked with many analysts and have research reports from three brokerage firms. We applied for Nasdaq and was just approved by Nasdaq on July 10. This showcases our focus on improving our corporate governance and this move will lead to increased visibility, liquidity and institutional sponsorship for the Company.
I certainly like the "personal shares" part of the "make good" eps number.
China Fire & Security Group, Inc. Approved for Listing on Nasdaq Capital Market
Thursday July 12, 8:30 am ET
BEIJING, July 12 /Xinhua-PRNewswire-FirstCall/ -- China Fire & Security Group, Inc. (OTC Bulletin Board: CFSG - News) "China Fire", a leading industrial fire protection products and solutions provider in China, today announced that its common shares have been approved for listing on the Nasdaq Capital Market ("Nasdaq"). The stock will begin trading on Nasdaq at the open on Monday, July 16, 2007, and will retain the ticker symbol CFSG.
"We are very pleased that our Company has met the financial, liquidity and corporate governance requirements for listing on Nasdaq and we believe that this move will lead to increased visibility, liquidity and institutional sponsorship for the Company," commented Brian Lin, Chief Executive Officer of China Fire & Security Group, Inc.
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc., through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Sureland Industrial Fire Equipment (Beijing) Limited ("Sureland Equipment"), is engaged primarily in the design, development, manufacture and sale in China of a variety of fire safety products for the industrial fire safety market and the design and installation of industrial fire safety systems in which it uses its own fire safety products. It also provides maintenance services for customers of its industrial fire safety systems.
Headquartered in Beijing with over 30 sales and project offices throughout China, Sureland markets its industrial fire safety products and systems primarily to major companies in the iron and steel, power and petrochemical industries in China. It is developing and expanding its business in other industrial sectors including transportation, wine and tobacco, vessels, nuclear energy, and public space markets.
Cautionary Statement Regarding Forward Looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
Investors:
Matt Hayden,
HC International
Tel: +1-858-704-5065
China Fire & Security Group, Inc.:
Brian Lin, CEO
Tel: +86-10-8589-7509
China Fire & Security Group, Inc. Approved for Listing on Nasdaq Capital Market
Thursday July 12, 8:30 am ET
BEIJING, July 12 /Xinhua-PRNewswire-FirstCall/ -- China Fire & Security Group, Inc. (OTC Bulletin Board: CFSG - News) "China Fire", a leading industrial fire protection products and solutions provider in China, today announced that its common shares have been approved for listing on the Nasdaq Capital Market ("Nasdaq"). The stock will begin trading on Nasdaq at the open on Monday, July 16, 2007, and will retain the ticker symbol CFSG.
ADVERTISEMENT
"We are very pleased that our Company has met the financial, liquidity and corporate governance requirements for listing on Nasdaq and we believe that this move will lead to increased visibility, liquidity and institutional sponsorship for the Company," commented Brian Lin, Chief Executive Officer of China Fire & Security Group, Inc.
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc., through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Sureland Industrial Fire Equipment (Beijing) Limited ("Sureland Equipment"), is engaged primarily in the design, development, manufacture and sale in China of a variety of fire safety products for the industrial fire safety market and the design and installation of industrial fire safety systems in which it uses its own fire safety products. It also provides maintenance services for customers of its industrial fire safety systems.
Headquartered in Beijing with over 30 sales and project offices throughout China, Sureland markets its industrial fire safety products and systems primarily to major companies in the iron and steel, power and petrochemical industries in China. It is developing and expanding its business in other industrial sectors including transportation, wine and tobacco, vessels, nuclear energy, and public space markets.
Cautionary Statement Regarding Forward Looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other "Risk Factors" contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
Investors:
Matt Hayden,
HC International
Tel: +1-858-704-5065
China Fire & Security Group, Inc.:
Brian Lin, CEO
Tel: +86-10-8589-7509
Did you ever read section 2-1 of the Texas drivers handbook? LOL
You would have caught the burnt out bulb.
Caught this answer just now on Seeking Alpha:
Linear Heat Detectors are used in many industrial environments, including Iron and Steel plants, Power plants, Petrochemical plants, highway tunnels, etc. In China, we are working with government to release fire codes for different industries to ensure appropriate amount of linear heat detectors are deployed in industrial plants for fire detection. Even though there is no legislation on non-compliance yet, plant owners are paying more and more attention to fire safety due to various potential liabilities.
The new feeling in China might be that heads will roll if a plant fire causes loss of life or economic ruin.
How many more days left of the Bush misAdministration? Messianic crooks, thieves and liars.
On the subject of traffic infractions, my wife got a ticket for being the 3rd car through the light after it changed to ? yellow or red.
She went to the court to pay the fine which supposedly is reduced if you plead no contest. They would not let her do so since it was not yet in the computer system.
BTW - everyone else waiting was non english speaking.
When her court appointed date arrived, case dismissed by the judge as it was not in the system.
My findings, being a white woman gets you off on the ticket. She thinks that is nuts, I have no other real answer as to why the cop did not enter the ticket or the judge did not see it in the system.
Big surprise to you... But I agree with all of those laws. Of course I don't live in Texas!
How many bleeping idiots have cut me off while talking on the cellphone while driving. I should be allowed to blow them up for free.
You just have to love the morality of the Conservative party, how they cleaned up after the evil Bill Clinton.
WASHINGTON (Reuters) - A Republican U.S. senator whose telephone number was discovered in the phone records of a woman accused of running a Washington prostitution ring has apologized publicly for committing "serious sin" in his past.
Louisiana Sen. David Vitter acknowledged that his number appeared in the phone records of Pamela Martin and Associates, an escort service run by accused "D.C. madam" Deborah Jeane Palfrey.
Palfrey faces criminal racketeering and conspiracy charges on allegations that she ran a prostitution ring servicing Washington's elite between 1993 and 2006. She denies the charges and insists her firm was a legal sex fantasy business.
"This was a very serious sin in my past for which I am, of course, completely responsible. Several years ago, I asked for and received forgiveness from God and my wife," Vitter, a church lector, said in a statement issued late on Monday.
Palfrey has made her escort service's phone records available to the media and others in hopes of uncovering potential witnesses to help in her defense. The records contain numbers without names.
Vitter declined say what "sin" he had committed while an escort service client. "Out of respect for my family, I will keep my discussion of the matter there -- with God and them. But I certainly offer my deep and sincere apologies to all I have disappointed and let down in any way," he said.
Executive privilege:
defined as: The right of the President to lie to the American people and block the investigations that would prove it so.
Needless to say, I don't have warm feelings towards the institution that breeds this kind of bs behavior.
At least I can say I did not vote for the f**ker.
At this point stock will trade well on contract announcements. Nobody is pumping the stock at this point in time. If you are in at these prices or lower I think you will see a double at least at some point. The Lockheed contract is a solid deal, depending on margins it could be huge for the bottom line.
patience grasshopper
Do you have any idea why private school costs are cheaper?
YES teacher call on me! Is it because the Catholic church among others drastically subsidizes private school education and those numbers are mixed in with all private schools?
Yes little johnny, you nailed it again you smart little bugger.
Ask some of the people I know who send 3 kids to Catholic school for less than the cost of 1 child to a non religious private school. Of course they have to kick in some bucks to the weekly collection thingy.
Statistics can be manipulated in many ways.
Your gross exaggeration of the facts does nothing to further your lame argument.
"In 2002–03, the 50 states and the District of Columbia spent an average of $8,044 in current expenditures for every pupil in membership. This represents a 4.1 percent increase in current expenditures per student from the previous school year ($7,727 in unadjusted dollars)."
Cost for DC $11,847
http://nces.ed.gov/edfin/graphs/topic.asp?INDEX=1
The facts are that teachers don't get paid enough to draw the bright people to do the job. Administrators are overpaid and in far too many numbers, PARENTS don't make the kids do the work and instead let them play video games and watch too much TV.
Why might an Amish school child get a better education? Don't know that they do, but if they did it would be because they have better discipline and lack the distractions of the "normal" American childhood.
Just how great was your education?
I know that kids now have 35 students per teacher in some schools. They might just do a bit better with half as many kids per student. Don't you think? Or would you just rather rant on!
btw - I don't expect that my kids will be doing the bulk of learning in school. That's why I make them read everyday, get them music lessons and send them to some fun educational courses in the summer like "Finding Fibonacci" "learning photoshop" "Artwork of Escher"
Throwing a few more bucks at education in the correct way would be good, killing a few more IRAQI's not so good!
CFSG: Interesting opportunity to participate in an online multi-day interview of CEO Brian Lin. Anyone who owns this stock or is thinking about it should participate.
http://china.seekingalpha.com/article/40463
Imagine if you will, the money spent on IRAQ split evenly amongst health care and education... very un-american to some, very good idea for most people.
Florida foreclosure future shock
A short-sale expert says he can predict market slumps by client traffic. Next stop: The Sunshine State.
By Les Christie, CNNMoney.com staff writer
July 6 2007: 12:55 PM EDT
NEW YORK (CNNMoney.com) -- A tidal wave of foreclosures may be heading toward Florida, if you judge by the number of homeowners looking to get rid of their homes as fast as they can.
Duane LeGate, president of House Buyer Network, arranges quick sales for home owners in distress. He claims he can predict where markets will go bad by looking at the traffic on his Web site.
"We can tell you what's going to happen nine months from now," he said. His most endangered market right now is Orange County, Florida, home of Disney World.
"Orlando has blown up. There's been a 700 percent increase in traffic of people filling out our forms," he said. "I could put a bull's-eye on Orlando and write the headline for what will be going on in January and February."
What will be going on could include a large increase in foreclosures as well as lower prices, longer inventories and a slower sales pace.
Here's how the House Buyer Network works: A homeowner wants a quick sale and signs up. The network connects the homeowner with a real estate agent who gets an appraisal for, say, $200,000. The agent markets the home at $195,000. If it fails to sell within the time stipulated in the contract, the agent will buy the house at a prearranged, discounted price of perhaps $180,000.
LeGate estimates the discount from what sellers would get if they didn't need to sell quickly is 5 percent to 8 percent, once all the costs and fees are figured in.
Latest home prices
LeGate's forecast runs ahead of the latest home price statistics. According to the National Association of Realtors (NAR), Orlando prices for the first quarter rose 2.5 percent compared with a year ago, which would point to a weak - but more stable - market. Nevertheless, LeGate trusts his indicators.
According to him, much of Central Florida is foundering. Other counties with large traffic bumps include Osceola (up 100 percent in May 2007 compared with May 2006), Polk (136 percent) and Lake (143 percent).
LeGate's prediction doesn't surprise Jonas Lee, whose company, Redbrick Partners, buys properties in distressed markets all around the country. Redbrick focuses further south in Florida, but he sees similarities with Orlando.
"There are tax issues that are depressing the market," said Lee, Property taxes jump when houses change hands. "And insurance rates spiked after the hurricane season of a couple of years ago," he said.
Most affordable housing markets
Many of LeGate's clients contracted to buy new homes before they sold their old ones, and they can't afford two sets of mortgages.
Other customers may have gotten an offer, only to have the transaction fall through after they themselves contracted for a new home.
And yet other clients simply cannot keep up with mortgage payments. Many took on subprime hybrid adjustable rate mortgages (ARMs) that came with low initial interest rates but are now resetting at much higher levels.
Short-sale interest can indicate slumping markets that are not detectable by traditional price indices. NAR's median home price stats and same-home sale-prices from the Office of Housing Enterprise Oversight can lag or disguise actual market conditions.
Most deals close months after prices are agreed on. Evidence of changes in market conditions may not come out for months afterwards. Evidence of significant discounts in a majority of homes sold wouldn't appear for a while.
When LeGate sees big jumps in client contacts from a single county, he concludes that the area has hit a rough patch that may not come out in price stats for months. It's played out that way in the past when he saw other markets going into distress.
"We called Phoenix, two counties in California and West Palm Beach, Florida in June of 2005," he said, at a time when those areas were still perceived to be white-hot.
Now, according to figures from RealtyTrac, which markets foreclosure properties online, the Phoenix metro area has 10 of the top 11 zip codes for foreclosure filings in Arizona, and all 10 are among the 500 worst hit zip codes in the nation. The other areas are also suffering a deep slump.
Besides the Florida markets, other locales LeGate identified as likely trouble spots include Clark County, Nevada and Riverside County, California where the site's traffic more than doubled between June, 2006 and May, 2007, and Price George County, Maryland, where it tripled.
Fastest growing cities
Some markets are turning positive, according to LeGate. The number of client contacts from Maricopa County, Arizona - the Phoenix area - dropped this year by about 38 percent.
Also looking good are Prince William County, Virginia in the D.C. metro area, where client contacts fell 37 percent, and nearby Fairfax County, where they're down 40 percent. Top of page
Len: Obviously you did not have a guy living with you in college named "Chuck the Marine", freshly back from Vietnam. He taught us younger guys a lot of things about drugs, war, etc. He was a ticking time bomb. Not sure what he was like prior to the war, but I can't imagine him having the skill set that he came back with. He lasted 6 months in college (free GI bill) and I have no idea what happened to him. The last time I saw him he was sifting through the carpet in his mothers house for the dried pot leaves that had fallen from strings stretched across the basement walls.
180,000 contractors, 150,000 US Army = 330,000 at any one time in IRAQ. I would assume at least 500,000 bodies have been to IRAQ. Would not take a very big percentage of them going nuts to pick off a few of us old guys @ Wal-mart. (ok, you go to Wal-mart, I might be picked off @ Whole Foods)
I was not being flippant, I can't see any positive side to all those soldiers/contractors watching buddies get legs blown off and shooting a few locals as payback.
We will be paying for this war for a long time in money and blood.
bbotcs: Clinton may be garbage, but I don't recall him stubbornly holding to a failed policy of fighting a war of his own f*****-up choosing. Resulting in the loss of thousands of lives and many more ruined lives due to injury and psychological fallout.
btw - an interesting article the other day pointed out how there are more non army US contractors in IRAQ then soldiers, who will have to fend for themselves when they come home without the benefit of the VA system (which is suspect anyway).
Be prepared for some messed up people wrecking havoc on us because of psych problems. We will wind up having more American citizens killed from that then the terrorism we are supposedly stopping over there, so that we don't have to fight them over here.
I would be LOL, if it was not so damn sad & scary!
All in all, I rather have a Clinton then a Bush. If that were my only choice.
zynx: "sales /rep force from 2 or 3 reps to 10" .. are these company employee's or indep sales rep's from companies that handle multiple products? Would be a major difference.
LOL, I can't remember what I did yesterday, no drugs involved.
"CHIEF LAW ENFORCEMENT OFFICER" Scary isn't it? The President is the last guy who should hold that title.
Len, the real difference between Clinton & Libby is that one lied about a personal sexual problem that was not our business and the other was part of a conspiracy to cover our entry into a war that we did not need to be involved with. Mass murder of our own people as well as Iraqi citizens.
Not to excuse either, but they are way different. I hate that comparison.
White House spokesman Tony Snow is defending the president's decision to commute the prison sentence of former aide Lewis "Scooter" Libby, saying that Bush consulted with his top advisers before he issued yesterday's commutation of the GOP insider's 30-month prison sentence.
Top advisors = Libby & Cheney! LOL
Putting Libby in jail is meaningless. He was just doing Cheney/Bush dirty work. It benefits the Democrats to have another issue to use against the Republicans. Most if not all Presidents pardon people for much worse than what Libby did. Now the Republicans will have to stop bringing up the Clinton Marc Rich big payoff pardon.
It is a big non issue for me... I would rather see those 2 bozo's being led from power in handcuffs. Alas that most likely won't be happening and 100 or so young soldiers will be coming home in boxes for the remainder of this administration.
Fiction is better than real life. . read a book everyone, you too Lentinman.
Try Jess Walter, Citizen Vince or The Zero.
edit: sorry not a pardon, just a commuting of sentence.. so no more lawyering for Libby, he will have to be a Lobbyist. Poor bastard.
The OTCBB is a dealer listing service and not an exchange. They are not required to show your order or actually do anything for you the retail customer. The only obligation the MM really has is to honor his bid or offer @ the size listed to another broker/dealer who transacts with him.
A few years ago they started to reflect customer bids/offers in an attempt to stall the ECN's from gaining market share. It seems inevitable that ECN's will eventually take over.
The pinks are even less transparent then the BB.
The OTCBB is a quotation medium for subscribing members, not an issuer listing service, and should not be confused with The NASDAQ Stock MarketSM. OTCBB securities are traded by a community of Market Makers that enter quotes and trade reports through a highly sophisticated, closed computer network, which can be accessed through the NASDAQ Workstation. The OTCBB is unlike The NASDAQ Stock Market in that it:
does not impose listing standards;
does not provide automated trade executions;
does not maintain relationships with quoted issuers; and
does not have the same obligations for Market Makers.