Get Your Face Smashed By Gold Today?
- Thread starter SlickRick
- Start date
I got whacked for 6 percent. I imagine this will cascade for a few days. I hate this part.
Quote from SlickRick:
What the hell was that about? I didn't even have time to grab the KY for that intrusion! Geez!!! Share some stories, I cant be the only loser here
I got CRUSHED in
I kinda like this part, we probably bounce and fade for a few days. Would love to buy more lower. I like lower prices.
Not yet. These stocks are mostly 100-300% above my basis. Give it another 20% down and I'll be adding a bit.
Didn't anyone use stops? Or are the floor traders in the gold pit still experts at running stops.
On a side note, many years ago I was a broker and a customer's gold stop was filled about 10 lower than the stop price in a fairly orderly decline in the mini gold contract on the MidAm. The floor trader holding the stop said he had to go to the bathroom and wasn't there to fill the order!!!! "So, Sue me." was his exact quote to me. My firm (E F Hutton), of course wouldn't go to bat for the customer so I told the customer to just bring a suit against all of us, me, the firm and the floor trader but he wouldn't do it. (This was way before arbitration existed) I hate those guys on the floor.
Wally
On a side note, many years ago I was a broker and a customer's gold stop was filled about 10 lower than the stop price in a fairly orderly decline in the mini gold contract on the MidAm. The floor trader holding the stop said he had to go to the bathroom and wasn't there to fill the order!!!! "So, Sue me." was his exact quote to me. My firm (E F Hutton), of course wouldn't go to bat for the customer so I told the customer to just bring a suit against all of us, me, the firm and the floor trader but he wouldn't do it. (This was way before arbitration existed) I hate those guys on the floor.
Wally