BoatBanter.com - View Single Post - economist blames wall street for collapse

hk

On 5/9/10 10:02 PM, wrote:
On Sun, 09 May 2010 15:56:14 -0600,
wrote:

While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it.

I had a broker screw up one of my trades a while ago but fixing it was
no real problem. They tape all of the phone calls. I had them review
the tape and they made it good

Being virtually "out of the market," I no longer worry about such stuff.
It also does my heart good to know I'm not contributing much to the
thieves of wall street, although our "system" does require me to deal
with the thieves at a couple of banks.

These days, I "dabble" in stocks a little to satisfy my whims. I bought
some Apple shares when I bought my first Apple computer a computer of
years ago. Those shares are doing OK. I probably should dump them, pay
the taxes that would be due, and buy some rental real estate.

--
The Tea Party's teabaggers are just the Republican base by another name.