sandpiper
Well-known member
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Skim,
My thoughts exactly.
Essentially they were running "day-trading" rooms all over the US with upto 1,000 people in 'em at one point (all pooling 25k a head). Apparently, they did this whilst also issuing a newsletter to subscribers (what a business, eh.
Many people believe that at one point their "in-house" traders were trading against the newsletter subscribers (charming). And in any case the fact that they had so many traders all moving on the same stock meant that their "method" became a self fullfilling prophecy. Almost impossible to evaluate objectively.
With the way things have gone in the market I guess they had to find another money spinner, eh?
My thoughts exactly.Essentially they were running "day-trading" rooms all over the US with upto 1,000 people in 'em at one point (all pooling 25k a head). Apparently, they did this whilst also issuing a newsletter to subscribers (what a business, eh
.Many people believe that at one point their "in-house" traders were trading against the newsletter subscribers (charming). And in any case the fact that they had so many traders all moving on the same stock meant that their "method" became a self fullfilling prophecy. Almost impossible to evaluate objectively.
With the way things have gone in the market I guess they had to find another money spinner, eh?
