Define the average FOGC investor, retro? Okay: lightly educated, financially unsophisticated and convinced that Wall Street doesn't give the little guy a chance. He turns to Pennyland for salvation.
How news of the tanker repo action could have helped such an investor: by showing him that disaster is just around the corner, and that it would be a great time to sell. Anyone who did so when I first reported the National Oil case would have netted twice what the shares are worth now.
Please don't misinterpret -- I'm not here to save anyone. I'm here for fun. Pennyland companies are, almost without exception, frauds and/or dogs. It's fun to ridicule the snake oil salesmen. If it helps anyone avoid throwing their money away, all the better.
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