I have a bartender friend of mine whose lioe savings wiped
out....He had all his $$ in commodities (2months ago and I begged
him to scale out..at least hedge) ...on the margin....what
happens to these brokerages when people on the margin go BK?? Don't
they take a hit....anyone??
I had some in U.TO thinking it, uranium, was an important
commodity in that falling wedge - how low could it go? Bizarre,
unfathomable, it's half what it was 2 weeks ago when it looked dirt
cheap!
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Friend wiped out
Posted by dylan398 on 6th of Oct 2008 at 08:34 am
I have a bartender friend of mine whose lioe savings wiped out....He had all his $$ in commodities (2months ago and I begged him to scale out..at least hedge) ...on the margin....what happens to these brokerages when people on the margin go BK?? Don't they take a hit....anyone??
uranium
Posted by kreem on 6th of Oct 2008 at 09:51 am
I had some in U.TO thinking it, uranium, was an important commodity in that falling wedge - how low could it go? Bizarre, unfathomable, it's half what it was 2 weeks ago when it looked dirt cheap!