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jimrockford: You views about me are both unfair and unethical You continue to misrepresent my views You repeatedly make false accusations about me At no point did i say i had any money at REFCO, it's a simple misunderstanding, if you read it that way then that's because you have...

I was just going to respond with "cuckoo, cuckoo, cuckoo" but then I thought; "hang on a second, nobody who can use a computer is this stupid - this is a bloody wind up!!!!" absolute quality you had me hook, line and sinker, well done mate. :D I particularly liked the bit about "regardless...

excellent post rufus_4000

Then I don't understand you. Your "argument" focuses on performing due diligence, which nobody (that I can see) has disagreed with, although there has been disagreement about what constitutes due diligence. But unless you are willing to discuss the how and why then there is no point you...

END OF PREVIOUSLY DELETED POST My post intended to use humour to make a deadly serious point. I was trying to show the absurdity of Apex Capital's latest argument, that the fact that one customer got his money back proves that Refco futures accounts are safe. The facts are exactly the...

I don't follow that comment. To me the clause reads that if I have ANY collateral in ANY REFCO company then I grant them permission to transfer that collateral against any losses of mine in any other REFCO company. Hardly something to make Dick Turpin turn in his grave. I would also wager...

Sadly for us I think the demi-god that is sam has more important things on his mind..... and...... Still we can all live in hope.

ah, it gives me great pride to see such genius at work. FX skalper? yeah right, course you are ..... NURSE!

You having a laugh aren't you? Refco have/had 125m shares in issue (some 25% of which were sold at the IPO netting the company approx $688m) the drop in the share price took roughly $1bn off the company value - however, FXsKaLpEr statement suggests, nay dictates, that to every "long" i.e...

that just about sums up your market knowledge......

hey, you can only report what your told. my contact is on the futures side - be interested to hear what you find out

Spoken with my mate at fimat, he said they were still taking trades for give up refco - in the words of his clearing manager "they (fimat) do not play games"

That'll be on no basis then - you are a tube.

oh yes you are a comic genius of our times and your "talent" is wasted here.....knob

On what basis?!?!?!?!?! REFCO consists of lots of, for all purposes, self sufficient companies - to conduct business to the levels required some of those companies (like RCM) conduct their business via lines of credit and based on group credit rating (rather than their own), these companies are...

THIS is just RCM - as i understand it the 15 day block on business is also just for RCM. Refco do say RCM is a material part of the business.

liquidity in refco capital markets no longer sufficient to carry on operations

Well said. I consider the board have acted swiftly and properly in this matter and at this stage I can see no reason to move or indeed reduce any accounts with them. I won't be.

Apart from in the odd Russian trading house I don't think I have ever seen a risk-reward profile as bad.

divergence works on fx - that'll get in you in the trade.....