This is what "SI" is for, a transfer of knowledge and information! I am not amazed that you were able to grasp the idea of a "client order" what amazes me is that you don't talk "to people" you talk "at people"!
The idea of SI is to share information and contribute to the whole. It is not to dictate, embarrass, intimidate or put down. You have your opinion and others have theirs. He/she who puts the best and most accurate conclusions forward wins!
I have run into many people that are the "masters of the one-liner" they ultimately contribute nothing and only manage to disturb threads.
I am always amused to read the superficial analysis of novice investors about the trading activity of certain brokerage firms. You guys make it sound that all trading is principal trading. Have you ever heard of a client order? Have you ever heard of the competitive nature of the mutual fund industry?
That is a put-down and is arrogance in the extreme, it also may be totally inaccurate, as it may be accurate!!! You may be 100% correct that it is not a "house account", you also may be 100% wrong! Your "opinion" is that it is client positions( I also agree). Others have expressed their opinion and have "assumed" it was "house"! Such is the market, everbody guesses, he/she who guesses right wins!
Do you think the fund managers who participated in the company's recent financing bought the stock because they think it has a compelling valuation and growth prospects?
There are two answers to that question...both are equally right until proven wrong. Your opinion, or answer to the question, is no more "valuable" to this forum than any others!!
Speaking of simplistic and superficial explanations!!
"The small investors end up being burnt not by the big guys but by their own inability or unwillingness to understand the capital markets and their greed (falling in love with a concept stock)".
Why don't you all knock me now like you are knocking Taurus' analyst?
If you had actually read the Taurus "analyst" (which he is not) report. You would have realized that he made significant glareing errors. Errors that, if reported on a stock you own, you would be equally upset with!!
Do you think that is going to make the stock go up?
This is why I enjoy a "sane" well-balanced thread. There is a need for contrarian opinion, what is not needed is; arrogance and unsubstantiated innuendo from both sides!
Or maybe you can stop being emotional about your investment in BII for a second and try to understand what is really going on.
Condescending and irrelevant to a interactive discussion!! If you truly understood investing, than you would understand that "emotion" is what make the markets work. These emotions "greed and fear" are within all of us!! Dr. Alexander Elder makes his living trying to teach the seperation of "emotion", all emotion, from the market, so your utterance of "stop being emotional" is again another example of superficial irrelevant information that contributes little to these forums.
I appreciate all "opinions" I just don't appreciate attitude, something you obviously suffer from.....however, I would like to hear your opinions, not your rheteric. I think you have enough knowledge to asist your fellow SI member, whether you do or not....is up to you!!
the Chief
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