Anyone that subscribes at RM might have noticed Richard Suttmeier hasn't been writing for a while. I saw him on worldwide exchange the other day, here is his new website. http://www.rightsideadvisors.com/advisors/default.aspx?

Market Speculator: It's a legitimate venture They're planning on funding themselves purely through advertising(well partly). They wont be profiting from spread.

Daytraders will pay low comissions - $3 per trade and I'm sure they'll have some other similar rules. We'll just have to see how this works out!

i think they state their business model incorporates margin interest as a main source of revenue

More of an opportunity to charge a bit more on the margin side than the trade side.  

Do they have margin comparisons to other brokers?

Quoted Text

Q. How do you make money then?
A. We make money from the interest on margin balances. It’s a small amount, about 3%, but on a large volume of customers it becomes a tidy sum. Secondly, we keep our costs low. We don’t spend $5 of every commission marketing to you. And we don’t spend $400 in advertising for every new account. We attract customers like you by having the best deal in the market. Lastly, we’re building an online financial community where investors can connect with investors. Where you can find all the tools and information you need to trade, plus gain access to financial blogs, forums, and up-to-the minute financial news. We think that’s a winning combination for advertisers.

And then their margin rate comparison is here:

http://www.zecco.com/trading/FreeTrading.aspx?tab=CompareUs

I'm thinking of trying it, I'm a small fry and I don't really trust myself to go on margin as of yet.  So we'll see how it goes.

sweet!

short interest levels arent as useful indicator anymore than in past history but this is still useful info :

http://www.wallstreetcourier.com/pressroom4-1.htm

public being dumb here?

WOW!!! What an amazing chart!!!! Speaks volumes!!!!

Sure he does...

http://biz.yahoo.com/ap/061011/enron_skilling.html?.v=3

Jail for life. No bond. No time served. This guy should rot in jail. Teach a lesson to the rest. We dont need Reg FD or Sarbanes and Oxley. We just need some judges to give the harsh verdicts that will teach criminals personal responsibility.

I couldn't agree more. Even if he does die in jail though, can you really say you feel like justice has been served? When did Enron blow up? '01? Here we are 5 years later and he is still not in jail. He would be halfway to parole by now if he would have robbed a bank. The thieving bastards make me sick! If the US would adopt something from Islamic culture, I would be all for a law that states thieves caught red handed get their hands cut off.

I bet you the crooks that has been stealing from shareholders through options backdating will get off scott free if the way Enron has been handled is any sort of indication. A sad state of affairs when you stop to think about it.

I will post these on the quotes page also:

"I don't want a lawyer to tell me what I cannot do; I hire them to tell me how to do what I want to do."
-JP Morgan

"Nothing is illegal if 100 businessmen decide to do it."
-Andrew Young

"From top to bottom the whole system is a fraud, all of us know it, laborers and capitalists alike, and all of us are consenting parties to it."
-Henry Adams

"We ought to pass a law that no man worth $100,000,000 should be tried for a crime."
-U.S. Senator Norris

Sadly, the liberals control the courts so there you go.

No personal responsibility put on people. Everyone gets a second chance.

So go kill or rape someone. Some judge will feel sorry for you.

Liberalism is a disease. Brute force will stop real predators.

corporate america is a joke.

this is what college teaches you...cheat, lie, and scratch the bosses back, and you can get ahead and get some outragous pay packages.

It is the entrepenuers that made this company. Not Harvard, Yale grads that become the executives of Fortune 500 companies.

I hate the old corporate model.

All execs caught in the option backdating should go to jail for life.

I say bring back some cruel punishment...public stonings?  Ok so overboard but hey...if you molest a kid, see ya 25 years from now if you get parole.