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Wednesday, September 05, 2007 12:08:46 PM
Just a passport, $1,000 chargeable on a credit card, and 7 days off work.
Unfortunately, paim longs may have trouble with at least 2 of those 3 minimum requirements. But, paim longs are too faithful to short paim, or any PR-pumping-pink, so, they are unaffected by the cruise requirements, while they are seriously affected, as proven by their incredible belief in paim PR's.
Also, outsided has posted that the Caribbean brokers do not have to demand "heavy collateral requirements" , and don't, and often just want 10x of the short position for collateral, in any other account. Then, as the pinky plunges, and the short position moves in-the-money, the collateral is released.
Also, outsided has posted that shorting is even possible with U.S. brokers (possibly through their offshore affiliates), if the short is covered before market-close, on the same day that the short is initiated. Because the broker does not have to "borrow" any shares, because there is no overnight short position.
I'm ~half way through reading outsided's ~3000 posts. Many are very funny, and always truthful, and instructive. Several bashers think that he used to post (previously) as slleeppy,
and zzyzy, or z-man. (Not sure about the spellings.) Those previous guys were even funnier, and even more insightful. They may have been banned for being too honest in pointing out the lack of critical 'thinking' of pinky-pumpers.
outsided said that he read all of their posts, and has learned from them. Especially wrt how to post facts, and insult pumpers, without getting banned, or posts deleted.
I'm booking my first Caribbean cruise for the weeks after New Years, when their prices are lowest. It may take 2 separate ships to be sure to touch base at Grand Cayman, Bermuda, Bahamas, and The Virgin Islands (all British ruled, and rules).
Averaging-down is profitable, for shorters, only.
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