Brokerage-Chat Site Securities Fraud: A Lawsuit Message Board

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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit

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To: CountofMoneyCristo who wrote (2163)	7/24/2003 3:37:43 PM
From: Jorj X Mckie	Read Replies (3) of 3143

Let's do a little courtroom drama: COMC If you pay someone for advice then you're going to follow it. JXM (attorney for the defendants) Mr. Cristo - for the moment we will assume that "advice" is the right term. When you received this "advice", did you follow it to the letter? Did you use protective stops? COMC Well, most of the time I used stops...well, sometimes JXM I see. Well, did you follow every trade that was advised? Meaning, did you buy every stock that was recommended as a "buy" and sell every stock that was recommmended as a "short"? COMC No, that would be impossible. I had to choose which trades seemed the best at the time. JXM So, what you are saying is that, even though you paid for the advice, you didn't necessarily follow it. That you didn't always use protective stops (as advised) and that you used your own descretion at times to enter and exit trades. Is that correct? COMC Well, I paid for advice and it was bad and the fact that I lost $10M is proof. Res ipsa loquitor and prima facie and all that. JXM right, got it

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