Replies to post #72811 on DD Support Board and Research Team

[wildcat18]

you invest in companies that tell you ABSOLUTELY nothing about themselves?

and then blame the SEC when you lose all your investment?

What is wrong with this picture?

Because if people blamed their losses on the stock, that would mean that they were at fault for losing their own money (as opposed to it being the SEC's fault).

It reminds me of when a former online broker (I cannot remember the name, but they offered free trades) had a computer glitch that accidently gave some cash investors access to a margin account.

There were people who saw this, and executed trades using this collateral. I cannot remember how much they were given access to, but I want to say it was over 20 grand. Many of these people went on social media and said they executed trades using money that wasn't their "as a joke" or "just to see what happened" or "because I thought it was an April Fool's joke." (It happened on April 1st.)

The broker eventually realized the error and automatically sold the shares (for those with cash accounts) and many of these investors ended up losing big money in the process. Of course, they thought they shouldn't have to pay for the losses even though they executed the trades. What do you think their response would have been had they, instead, netted several thousand off of the trade? (I remember one person saying that he thought about buying shares of Blackberry, this was back when it was in the $80 range.)

People take these risks assuming they will make a profit, but not thinking about the repercussions of suffering a loss. If they do suffer a loss, it is never their own fault.