Best quote: "Most schools here in the Bahamas are private and it is hard to get in. The good news, we got the kid in. The bad news, we bought the school!" OK, it was from Bobby G: Adventure capitalist, but still the best quote...
It doesn't matter where they end the show. We all heard them say they were putting all eggs in one basket : SNDK. Now that is never a good idea. I think that is what they director is setting us up for.
WHen you pull there U4's on http://www.finra.org/index.htm They are both "clean" and still in the business. I think the SEC has come down on the "boiler room" operations that popped up all over the 80s and 90s, not to say they dont still exsist, but it be would be much harder to pull it off. A persons U4 can be marked for even a complaint now and all a person has to do is a FINRA check to see what kind of complaints they have against them.
Yeah, So the Chicago Investment Group LLC is where they're registered. And now you've given me a great idea. I'll start a new thread on this but I'd like to see how the underwritings of this company have been. I already looked into my old firm and they're still putting out deals..so far every chart looks like the same old pump and dump operation.
Wall30, Thank you for giving me such a good idea. So good , I think I'll keep soem of the details, but in the short time I've been researching here's a chart of a "hot ipo" from one of these B/D's..not gonna say which one or even what the IPO is..but this may be a good strategy. When I was with the boiler room..the excuse for the stocks getting crushed was always that Dominic&Dominic was shorting the piss outta them. Maybe they were..and maybe they were b/c they knew these companies were dogpoop.
They really do sound like tools. I love Lance's moment of clairvoyance that the Fed would leave rates unchanged. I have a feeling the producers wanted to show the crash and burn. i.e. SNDK tanking or Laeticia not cutting it at SMB. I guess it depends on how many months the show was shot over. I want to see how the brokers react to the August "correction"
Lets reverse engineer this thought as to when the show will end. How many episodes will there be? 6 (based on last year) Her review at IMB was 2 weeks, so 2 weeks between episodes? Peg the 3rd episode at the Fed Meeting with SNDK above 49. (June 28 meeting 2007) So if there are 3 episodes left, that leaves the show going for 6 more weeks from this date. Mid August could be the Finally and Who knows a bonus epipsode just for kicks? The lowest it goes is back to 50 in Mid August so the real pain doesn't start until October.
The SanDisk boys were telling clients that they were gonna pyramid positions on the way up. It will be interesting to see if we find out how high they were still adding to positions and if they started to liquidate when it rolled over. I hope they didn't tell their clients to average down as SanDisk kept falling. Nobody here at Elite knows someone who knows someone who knows these guys??...............................or saw Ferris at 31 flavors last night.
Focus everything on the pit traders and hedge fund floor traders and Lateitia's foray into trading and it is a good show. However the tool brothers and their flock pitching stock is good for humor. I cannot believe CEOs and wealthy "smart" business men get talked into buying stock with that load of bullshit. If you had a broker and someone cold called you about SNDK and you liked it, wouldn't you just call your broker to get some SNDK. WHy would you ever move money into guys who have to beg for business every day like whores lol. Those junior guys claiming to work for some investment bank in NYC lol... Golman Zak or Morton Hanley... maybe it is Merle Lunch. Is that really Wall Street? These guys could be in the middle of Idaho whoring SNDK really. The two guys work in a cubicle together for God's sake bitching that out of 100 leads it was all WOOD lol.... They saw one too many movies I think. I wish I would make their list and get called so I can reverse sell them. Like if the stock is so great as they say isn't it already priced in lol. Not like they have insider info on the company, their research comes from Yahoo Finance and Google. I am shocked everytime I see their segments while laughing at the same time. I do not wish bad on anyone, but when SNDK crashed and they held on ignoring the overall market then putting all their eggs in one basket they got what they deserved. Sadly it was the gullible clients who lost money who are really pusnished..