So a wirehouse firm never ever loses anyone money? Cant wait until the rest of America figures this out, then maybe we can get out the mess we are in now...
I didn't say that, but thanks for playing. What I'm saying is that there is a huge difference between the chop shops and the big firms on the street. Jordan lays it out for you in his book, I hear there a movie in the works too. Here's a Bloomy book review. http://www.bloomberg.com/apps/news?pid=20601088&sid=azCXCf2BlSaU&refer=home
that book sucked! sykes' 'an american hedge fund' is much better, jordan is a con man and just upped the sexiness of his story in order to dig himself out of his criminal debt. disgusting.
Correct. I bet the show will end just when SNDK reached almost $60 making 20-30% for the investors in a few months. Otherwise there wouldn't be a point in spending so much time on them...
dude. it's so sad to see such posts. what is the matter with them selling it at 60$. did they ever say that SNDK would reach 100 or 200? cmon. we're looking at sndk now and call them losers. i just don't get it. of course they were relying on fundamentals (at least what they told their clients) but look at where most of the stocks are.... with this so called recession and bs...
By the way those guys were selling SNDK to their "clients", it didn't leave me the impression they were looking for a short term play. Flash memory was the future, at least that is how they were pitching it - somehow the future seems longer than 2-4 months. Easy to say now where one should have gotten out but the real question is did they? Or were they so overcome by greed that they got their clients to load up even more right at the top? I guess we'll see it play out...
I will be interested to see what happens, because usually these shops try and give you a good winner, and then get you to give them discretion over the account. Then they buy and sell twice a week in and out of different stocks, basically almost daytrading your money, to get the commissions. They wouldn't make any money having you buy and hold SNDK 6 months. Wirehouses are almost the same thieves really, they push stocks for client companies they have debt arrangements with or try and unload inventory. I never met anyone who hasn't lost money having accounts at Lehman, Merrill etc.
im sure they also dont get you in @ that price that second, im sure they inflate the per share price by a few cents, thats how etrade, ameri, and scott, places like that can afford 80milion dollar buildings. through "slippage"