Ethics aside sales is sales, the real culprit is management. This guy is doing what he is told. Same types in upper managment who pushed through all the sub prime paper. Not to worry we'll just print more paper (money) so we can have cheaper tv sets.
I didnt know that having an account at ML means you NEVER lose money. I suppose everyone makes millions at Bear Sterns. Goldman is 100% and always gold. It was one stock, one we do not know where exactly he got out at.
Well for all those up and coming or established brokers out there, I hope you can learn a real important lesson from Lance's demise. Jim Ayers was smart enough and leveraged whatever he got from the show and left the biz and jumped on to something else. --- Mother Nature doesn't or need to reveal her secrets so why should you?"--- If those considering of being on WSW Season 3..... better give it a second thought... a third one.... and while we are at it... a fourth one too.
We have seen Wall Street/Boiler Room etc. At the end of each month in small firms they say what the top broker made.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/CMuhUt3x-bw&hl=en"></param><embed src="http://www.youtube.com/v/CMuhUt3x-bw&hl=en" type="application/x-shockwave-flash" width="425" height="344"></embed></object> sykes has a stalker. surf:eek:
Any mention of Wall St Warriors will always turn into a Tim Sykes flame. I may as well join in. That kid talked about his strategy last season - shorting stocks he got in his spam folder, and waiting for the pump and dump. Now he thinks that qualifies him to write books about starting a hedge fund and publish them on Cafepress.com