Post by
WillyWally on Aug 12, 2016 9:30am
Lattice you were right
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.
Comment by
LatticelnExile on Aug 12, 2016 9:35am
This post has been removed in accordance with Community Policy
Comment by
WillyWally on Aug 12, 2016 9:37am
Hey 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.
Comment by
TOMMY1 on Aug 12, 2016 9:47am
Although you have irritated me Lattice with some of your non-factual posts, you were right. 50% down on this and at a loss of almost 300K - just sold all my stock at $16. I went too heavy in this averaging down using my margin account and should have got out a long time ago. Lesson learnt. [Drops mic]