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You are really making yourself look foolish overall. You should stop. Your already behind so I can't say to do it while your ahead, but you are obviously talking about something tthat is just over your head and under your feet. You don't have a clue and you have not been helpful to anyone here...

Unfortunatly this discussion has turned into a very typical message board debate with 90% of the participants talking out of their asses, making grand statements and claims but not having a clue about what they are talking about. Also it's unfortunate that I really want to be short the market...

I have not seen him say anything untrue. He is obviously more comfortable keeping accounts at Refco than I and others are, but I have not seen him say anything that is untrue.

Sam I like you, but until you do it with real money it doesnt really count. I paper traded $20,000 into $1.7million in 9 months. Could I do it in real life? Not likely. Brandon

Nobody was stupid for having had an account at Refco, at least up until Monday. After that you saw a lot of smoke, and had ample opportunity to take care of yourself. Could this happen at another firm again? Sure, some day it probably will, the future goes on forever. If it does do the same...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=33654

Lind Waldock is the biggest I think. Brandon

I have been trading for 10 years, Ive used charts the entire time, but I must say I'm freaking lost with what you just said.

There has never been 1 cent lost in segragated accounts. In the past the Exchange Clearing Corp has never failed to make good on its obligation.

It sounds like a direct quote from anyone with half a brain who appriciates risk.

What are you having for dinner on Tuesday May 3rd 2006? That all said I am bearish for the time being and do agree that you should look at longer term charts. I just dont know how you know where the market is going in two years, then again I am not the smartest guy here.

There is obviously a concern that it could because the CME has taken a huge hit over the last two days, especially over the last few hours. This is a stock that has held up very well during this decline until the Refco blow up. I think you can look at that and see how comfortable some fairly...

My unerstanding is those of you with FX accounts will be on your own.

If you have a futures account with Refco you should not worry about losing your money. The Exchange Clearing Corp has never let one customer lose 1 cent in a segragated account due to the failure of an FCM. If Refco fails, which IMHO is not an unlikely event, I doubt the Exchange Clearing Corp...

Your right, we will just go straight down to zero. Dont pass go, don't collect $200 :))

Again this is not just an issue for Refco. This stock just came public two months ago. There is no way in hell that the Investment Bankers should not have come across this during the course of their DD. But, Wall Street is greedy and cares more about short term profits than anything else. Its...

If you are still comfortable keeping your money there after all this your nuts.

Actually those are moving lower as there are so many HFs competing for the same investor dollars. There are also getting to be some mutual fund alternatives to long/short equity hedge funds, further reducing costs for investors. A lot of funds are starting to do 1/20 and I would suspect that the...

http://www.position4profit.com/videos/oct12.html If you dont want to listen to me talk about Refco skip to about 7 and a half minutes into the video. Brandon

I would be inclined to agree. Refco is probably done, their underwritters are probably in a world of shit too.