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I actually think it will allow for those traders in the middle of the pack to gain ranks even faster than they are able to now. For example if, as a smaller trader, I want to short a stock valued at $13 but I have $30000 in cash I am limited in the amount of money I can make on that stock. If there was no cap I would be able to make more than twice the money I could under the current system. While it is true that big traders will be able to make money faster they will also be able to lose it faster as well. For a big trader betting on an IPO at $50 per share means that even if the stock goes the other way they are only out $50,000, pocket chance to traders with net worth's in the $3 million plus range. However if they are allowed to risk more on a transaction they will also take the chance of losing more. Allowing traders to put all (or at least more of) their eggs in one basket has definite advantages and disadvantages, however I have a feeling that it will allow smart traders to take better advantage of the opportunities available to them. One other thing to keep in mind is that the top traders are there for a reason, whether they keep closer track of the markets, do more personal and/or in-depth research, or just have a better gut instinct for the market. Lifting the cap won't change the methods or reasons people buy or sell certain stocks, it will just allow for a more natural flow of capital.

The decision was fair in the sense that everyone was treated in the same manner. It was as if the stock had never existed in the first place. If you wanted to pay out based upon who purchased "correctly" you would first have to solve the problem of figuring out what was the correct position. With the date of the prop being changed there would be multiple groups who could claim that they were in the correct position when they bought. Do they all get the full payout? What about those who shorted when the stock was a sure-fire winner as a short and then changed their position, do they just get the $100 or is there some sort of compensation for there losses on the transition from short to long? To try and figure out multiple compensation strategies based upon when someone bought, if they went short or long, and if they had changed their position before the stock was frozen would have been overly complex and probably just held our money up for an even longer period of time. Even then the idea that that would have satisfied everyone is laughable.

NARC, So are you saying you shorted the stock, then the date on the prop was changed at which point you covered, and then at a later date shorted it again and at that point the stock was frozen? If I am understanding that correctly then the answer is simple. You should get back the money you have tied up in the stock now plus a refund of money lost on the initial sale of the stock. Considering that this stock was a surefire short when it was introduced I have a feeling that a lot of people never gave it much thought after their initial investment. So my guess would be that people like you with multiple transactions would be in the minority.

Somehow it strikes me as wishful thinking to assume that they were holding this stock to see if the shuttle would launch in accordance within the updated time frame (although at this point any assumption is purely speculation since we haven't heard any official word one way or the other on this situation).

I really don't see why they haven't taken action on this already. It should be obvious by now that: -Changing the date of the proposition without warning after it had been launched and members were allowed to buy stock created an unfair situation for those that had purchased early. -The complex nature of the transactions made makes trying to give everyone a "fair" payout is improbable at best meaning a simple refund of purchase price would be the most equitable solution at this point. -Freezing all trades on the stock has rendered the stock totally worthless as there is/was no opportunity to buy and sell based on market forces. -The longer they hold our assets frozen the more opportunities to make successful investments with that money are lost. The longer they wait to bring this situation to as fair a conclusion as possible the longer they disadvantage traders and make themselves look indecisive at best and incompetent at worst.