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Monday, January 25, 2016 7:47:13 AM
I hope he lost money, but somehow I doubt any insiders did. They were all dumping during the glory days of the pump.
He was there watching the machines run (or not). He could read filings. He could ask the guys on the line questions. He saw the fuel going out (or not). He never once hedged or did anything other than pound home the company line. He may not have been the worst of the ones dumping this on retail, but he's not blameless, let alone deserving of pity, IMHO.
When he goes to the DOJ/SEC with evidence of JB's illegal activities, then I'll change my mind.
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken
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