Well, 7, i can't disagree. The only way I can see to trade is the big boys, looking for b/o 's in small time frames, never trusting more than just a few bucks overnite. A guy in my room was hammering FRE, FNE last week. I couldn't get near them, even in a short time frame. I don't need the money or hit. I can afford to take the outside pitch the other way. But it doesn't have to be this way. It can and will be better.
I mean, really. Look at the NYTimes news story on this. A guy is searching Google for stories to put on Bloomberg, sees a seven year old story with today's date. That's a mistake you make with two friends. There's no editor? It just happens, like always, to be a weak sister? Please. And you've got guys here buying that nonsense? And look at the airlines all across the board. I asked an investigator if he had an idea of the loss. He said, "figure it out. For a short period of time UAUA had its equity at zero." This is unconscionable.
Think about some guy in a wealth management division. What if he had, as a client, a retired UAUA exec as a customer who had 300,000 UAUA. He sees the headline, and what do you do. You get your client, and try to get him out. Then, the news is out, refuted, and the stock goes up. Get a lawyer. Goodbye Client, goodbye career. It is not supposed to be this way. It's like a bad western where the outlaws run the town.
Enough. This will break wide open w/i days. Guys who got stuck, don't give up. The 'unappealable' that FINRA put on there is bs. To let the thugs escape with your money just is unconscionable. If I had losses, I would immediately contact my Congressman and Senators. They are awake now. They know about the problem. They are bitching to the SEC. Fight for your money. If you don't want to do it for you, and I can't understand that, do it for revenge, or for the next guy. Some of you guys reading this running public money, when are you going to speak up? Now is a good time. You will have support this time.