Quote:
Originally Posted by Fat Tony
I don't care what the "motives" are of someone who posts to this board.
|
So.... if he was working for another small company nuking other small companies, that wouldn't strike you as suspicious? He's been right on some companies on there, but other companies that he said were in trouble showed increases in capital on the next report, and others are new companies. That doesn't mean they're about to go bankrupt or cheat you, and it's misleading that he's characterizing it in the way he does, by using the tone of "Dead Firms Walking." (if that has a positive tone, I don't know what it is)
You just said you were less likely to open with one of the smaller firms based on this forum posting, yet you're wondering whether its accurate. That shows me already that his attempts are working, because you are buying his reasoning based mostly on his word.
I'm not saying he is trying to mislead - there are other threads on other boards which have submitted open ideas on that, and they could all be wrong and he could merely be interested in keeping everyone informed. I don't know.
What I do know is that there are a number of reasons for some of the things he says or posits, and he's only presenting one, and in the most negative light possible.
The capitalization requirement increase thing has not happened and it's not for sure that it WILL happen. People should deal in facts, not speculation.
The new report is at this link:
http://www.cftc.gov/files/tm/fcm/tmfcmdata0705.pdf
If you doubt a company, you can contact the CFTC or the NFA to see if they're in trouble. The first company that was listed in his latest post was committing fraud in terms of talking about the interbank market - that had as much to do with them being in trouble as anything else. And the big companies get fraud complaints too - you can look up their record.
Just do due diligence people - I would hope people wouldn't make their decisions solely based on random opinions (mine or otherwise) on internet forums. It makes me angry to see people press fud that could be viewed in multiple ways.