http://www.bloomberg.com/apps/news?p...d=abtJr2zb3ckUDavid Siniapkin, a postal worker in York, Pennsylvania, uses some of his retirement money to trade options. After three years and being down as much as $10,000, he’s broken even...Volume in the U.S. has tripled since 2004 to a record 3.61 billion contracts in 2009, while trading by individual investors in the same period has increased fivefold.
Meanwhile, the big brokers are dropping a load worrying about Citigroup doing a reverse split because it would cut down on nearly 2.5 billion shares a day of commissions. Understand that all this BS is just a ploy for the big brokerages.... err, I mean banks, to screw the retail investor out of money. We've all seen the ads of the good looking woman or distinguished gentleman talking about how they trade stocks, set stops and use technical analysis to make money. Don't fall for the trap.
This market run-up is going to end with many broken hearts. Who will bail them out?



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