Post A Reply
Allstocks.com's Bulletin Board
Hot Stocks Free for All !
CSHD: The Never-ending Story
» Post A Reply
Post A Reply
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Stockstar69: [QB] [QUOTE]Originally posted by PCola77: [qb] You're missing the point. Whether you, Stockstar69, held the stock from $3 down to worthless, or you held it from $3 to $2 and the person you sold it to held it from $2 to worthless, the same amount of money would be lost. You care about your losses, the SEC does not care about you individually. I'm curious what you think would be an acceptable course of action by the SEC? Did you want them to keep from halting long enough for YOU to sell, so that someone else lost all their money? If that's your opinion, then you don't really care that the SEC stepped in, you just care that you didn't have a chair when the music stopped. If you have an idea for how this could have been handled better, I'm curious what it is. [QUOTE]Originally posted by Stockstar69: [qb] Scam or not WE did not witness the rapid decline in stock price until the stock was halted by the SEC. I say again, thank you, SEC for protecting us! If the stock gradually declined like it would have our losses would have been SUBSTANTIALLY less as we would have gotten out on the way down. [/qb][/QUOTE][/qb][/QUOTE]Points well taken. I wasn't really implying that my losses should be dumped on somebody else but the chair scenario is perfect. I was trying to say that most scams run their corse without SEC investigation and intervention and the stock price would have slowly declined from the high instead of in our case where it was halted, then seems to crash and now has no real market maker and trades on the grays. We are now sub penny, so they might as well just halt the stock altogether. [/QB][/QUOTE]
Instant UBB Code™
What is UBB Code™?
Disable Graemlins in this post.
*** Click here to review this topic. ***
Allstocks.com Message Board Home
© 1997 - 2018 Allstocks.com. All rights reserved.