Robert: > I'm all for what JK proposes. But in addition, how about a little > transactions tax in this market to make prices more sticky?
And in addition, increase the upfront margins and the maintenance margins significantly to reduce the leverage significantly. Betting on $1,000 with $10 is one thing, betting on $1,000 with $900 is another. Suppose I have $900. In the first case scenario (1% margin), I can bet on $90,000 whereas in the scecond scenario (90% margin) I can bet on $1,000 only. Size of the bet matters in this business. Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
