InvestorsHub Logo
Followers 212
Posts 14006
Boards Moderated 0
Alias Born 03/25/2006

Re: uwlungman post# 31960

Monday, 10/29/2007 11:45:46 AM

Monday, October 29, 2007 11:45:46 AM

Post# of 34706
You bring up a very INTERESTING point, UW. Something obviously is UP with discount brokers and pennystocks, and it ISN'T IMO to help retail investors.

WHY will the major discount brokerage firms not allow you to buy a pennystock at times that has just released wazoo news, other than over the phone? Afterall ... I ask myself the question: Do they REALLY want me to make money on my money, or are they MORE concerned about someone ELSE making more money than me,myself, and I?

I think the answer is obvious, yet when you ask THEM over the phone ... they'll give you gobbly-gook jibber-jabber that sort of "implies" that they are only to "protect" their customers in certain situations, but they aren't allowed to reveal what it all entails.

Uhh-huh.

Oh YEAH ... I think you're RIGHT ON with your take on the PR news issue. The discounters have worked very much in cooperation with the "naked short cartel" ... and they simply don't want to give up a "good thing."

Who IS the "naked short cartel?" Getting answers to that is like trying to get an answer about who is the Mafia, in every city around the world, and who isn't?

The only way you can REALLY find out is when you start threatening to take money away from them. They find YOU; you don't have to try to find them! And when they find YOU ... you won't really be thrilled about it.

Maybe this is a little better analogy. Don't go to Vegas in any popular casino and waste your time asking to talk to the head kahuna about:

"How are your games rigged?" You'll quickly get shown the door, with no free drink in hand most likely.