Trading Halt: Why there was none?, page-130

  1. 261 Posts.
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    I disagree that ANY transaction should be reversed. Yes, I did buy during the slump, in spite of the fact that I have suffered very heavy losses, at least on paper. No one was forced to sell or buy it was the person's decision in an open market which had lots of people who had a very negative view and decided to sell, instead of waiting for the company to provide the facts then make a decision what to do. Again I would like to mention Warren Buffet's quote "The sharemarket is a very efficient instrument to transfer wealth from the impatient to the patient." I would add to it that from the uneducated or lazy to do their own research- in the specific stock term - but falling for all kind of internet "information" and "advice" who can get burnt. This morning was a wealth transfer and just hope some people will learn from it, but I would not bet the house on it
 
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