666: Thats the Sign of Your Big Broker Giving You Bad Investment Advice!

By: Reggie Middleton | Fri, Jan 16, 2009
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666. That's the sign of the beast. It's also representative of that big bank that is buying that other big bank's brokers. They put a sell out on HSBC. That's cool! I agree, except for the fact that it is over 6 monts late, nearly 60% in value decline later (not quite, but it does fit into the catchy title), and the last 6 is the IQ of anyone who leaves their money with these buffoons. I know that's a little harsh, but come on now. I warned explicitly (as in 20 pages explicitly) back in August. January 75 puts were trading at $6.99, now they are about $33.50. Whose money am I taking? Morgan Stanely clients, that's who! The same can be said for Bear Stearns, Lehman, GGP, GS and even Morgan - the riskiest bank on the Street. I had sell and collapse (that's right, I told you that Lehman and Bear would fail at least 3 to 6 months before hand see research & performance) calls on these stocks early last year while these brokerages were pushing buys and holds. Come fellas! Now that I think of it, buffoon is really not that harsh. For more on this, see Super Brokers form to push Super Broken products to make those with High Net Worth Super Broke!

 


 

Reggie Middleton

Author: Reggie Middleton

Reggie Middleton
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Reggie Middleton

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