Rochdale Said to Be in Rescue Talks After Apple Trades Sour

Quote from OnClose:
----www.bloomberg.com/news....
----rochdale....
----rescue....
----apple-trades
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1) Oh......it's only a "teeny tiny" meltdown. Still interesting nevertheless. :cool:
2) How could a firm of that "size" do such a "large" trade? :confused: :eek: :( :mad:
 
Quote from nazzdack:

1)How could a firm of that "size" do such a "large" trade? :confused: :eek: :( :mad:
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Great question: "Closely held Rochdale had $3.44 million of capital at the end of last year, according to a regulatory filing."
 
Quote from nazzdack:

How could a firm of that "size" do such a "large" trade? :confused: :eek: :( :mad:
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Probably averaged down, didn't want to be one of those weak traders with tight stops that gets taken out, only to then watch the trade go in their direction.

No guts, no glory.
 
"Rochdale Securities LLC provides competitive executions based on the expertise of our traders. Our trading desk is consistently ranked top 50 in listed trading by AUTEX."
 
Quote from NoDoji:
----the trader was possessed by "spirits".
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?.......Absolut, Bailey's, Courvoisier, Dewar's, Edradour, Finlandia, Grey Goose, Hennessy.......:eek: :p :D :cool:
 
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