RE:RE:Lattice you were rightHey Lattice, I was missing a word. I meant "I could *have* avoided" which means I did not avoid and I'm at 50% loss right now. :-D It's not such a big deal but it just kills me that there's nothing criminal about sudden "surprise" writedowns when everything was "fine" only three months ago.
LatticelnExile wrote: WillyWally wrote: Hey Lattice, I remember we exchanged a few respectful emails a few months back. Well, I just wanted to say it seems you were so right and I could avoided a 50% loss if I believed in what you said instead of believing in MT. I'll stick to my 1,000 shares because frankly selling here would be ever more stupid than not selling a few months back. I personally don't think the results are that bad, but what tickles me is that MT acted as if everything was fine at last quarter's result and suddenly slams us with huge writedowns. There's something fishy bordering illegal if you ask me.
Glad to hear you listened and got out. Yup on that second comment you made.
Just got off the con call and these guys are so in over their heads. Couldn't even easily answer what GBP rate (spot vs average) they used for the Q....