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Joe Stocks

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Joe Stocks

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Sunday, 07/20/2008 10:00:47 PM

Sunday, July 20, 2008 10:00:47 PM

Post# of 77456
MF - the story gets a bit better.

FCSX is a competitor. Recently their stock got trashed for 40+%. Their sin? Earnings were lower by less than 1% for similar reasons that MF warned. That was on the 10th.

http://www.forbes.com/2008/07/10/fcstone-group-closer-markets-equity-cx_mp_0710markets41.html?partner=yahootix

The next week the company announced a $20mil share buy back and three insiders bought $332,000 in stock.
http://www.form4oracle.com/company?cik=0001297846&ticker=fcsx

So, my thinking is...my thinking is that the insiders are still sold on the business prospects for this industry. The recent sell-offs in both MF and FCSX are buying opportunities good enough for the insider to make market buys.

Joe

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