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I do think the delist commission is a bad idea from the HSX perspective, as it will probably reduce my # of trades by 1 per wide release

Posted by: RogerMore on Dec 21, 12:24 in response to StarBondFund BUY NOW.. Jets 10-4's post In my initial reaction below, I forgot that funds...

At the moment, I generally short wide releases immediately after adjust and then cover and buy on or about the 3rd weekend, so that's 3 trades.

Under a 1% delist rule, I'd short immediately, cover a few weeks later but not buy. Two trades.

 

In my initial reaction below, I forgot that funds "delist" and charging a commission for them on the way out is ridiculous. StarBondFund BUY NOW.. Jets 10-4 Dec 21, 10:11

My port is $2.6B and I am $85M short of being able to max out all the moviestocks (long or short) that I currently own. Hopefully, over the fourstars Dec 21, 11:15

The Bucket List ...STVs ...Dead Delists ...RIPs? RazorHawk Dec 21, 12:17

Where was it announced that RIP Starbond delists are at current price? I thought they delisted at TAG. {nm} DTravel Dec 22, 00:06

Next issue...to free up cash is Reshorting. How many hours were spent on Saturday Afternoons and Sunday AM's squeezing out the H$. StarBondFund BUY NOW.. Jets 10-4 Dec 21, 12:18

They lost that Saturday trading business by getting rid of comm-free. {nm} secretstalker Dec 21, 18:18

I do think the delist commission is a bad idea from the HSX perspective, as it will probably reduce my # of trades by 1 per wide release RogerMore Dec 21, 12:24

But you are using that cash to buy something else for the 3rd trade. {nm} Antibody Dec 21, 12:50

Heh - that may be true for other traders. It has been years since I personally worried about not having enough cash to trade. {nm} RogerMore Dec 21, 13:10

(and I sometimes forget that perspective) {nm} RogerMore Dec 21, 13:10

Assuming something good is there because if most oportunities are close to (maturity + comission) then is better to keep it . Guillo Dec 21, 13:31

delist should be commission free and hsx should reduce commission % overall. this would be an incentive to trade. {nm} flapjack007 Dec 21, 13:11

We want you to be making choices and the resulting smarter trades. {nm} Antibody Dec 21, 13:16

You are forcing traders to be daytraders. You are tunelling everybody into doing the same thing. Guillo Dec 21, 13:45

No, you don't have to necessarily be smart or good to follow movement of stocks on a ticker. {nm} secretstalker Dec 21, 18:17

Obiously I don't mean that. Guillo Dec 21, 20:00

I think that due to the 100k shares, one won't really want to hold onto stocks too long once they're close to delist price anyway {nm} secretstalker Dec 21, 20:14

Yes but In that point I will say it will depend in your port size rather than the 100K, the new delist "tax" will affect that. Guillo Dec 22, 06:20

I agree with that completely and am all for it. {nm} Ivantheterrible May 16, 22:50

I think they should bring back the cold cash option {nm} Ivantheterrible May 16, 22:52

I really can't see how implementing a delist commission this will result in smarter trades, mcmlxixhm Dec 21, 13:59

Example 2 ( Do nothing) seems off but you got the idea, stocks close to maturity price become less profitable. {nm} Guillo Dec 21, 14:24

Yeah, you are correct... after delist, you end up with a gain of only 0.5% (instead of 1.5% as of now). {nm} mcmlxixhm Dec 21, 14:55

I do agree on that JohnTEQP Dec 21, 20:25





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