Global Brokerage Inc. (GLBR)

[Green2013]

The only 1$ target comes from City who is facing millions on fines for manipulation of FOREX and has even plead guilty and by the way is a competitor of FXCM or it was just until recently that FXCM put them out of business. Now FXCM acquired the majority of City forex accounts and client book in case you didn't get the memo. Now the same City who downgraded FXCM to an stupid non sense valuation is saying that their clients will better off with FXCM who is a leader on the industry. Ironic ehhh? Barclay and JP Morgan has also pleaded guilty to the same manipulation charges and are paying heavy fines. The details of the deal of FXCM acquiring City book has not been released but anyone can guess they probably got it for a bargain or maybe as part of a settlement agreement. We shall know pretty soon but bottom line FXCM is growing their core business, paying their Loan with non core assets and their balance sheet is looking better than ever. Stay tune for more news to come and the shareholders meeting next week. Stay put and keep loosing money, eventually you'll be long here. TO DA MOON FXCM.