RDN raiden resources limited

Daily Discussion, page-658

  1. 196 Posts.
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    I can't see Jar Jar's post coz I must have put him on 'ignore' which suggests he's tried to peddle some shite before. But I'm getting the gist.

    But perhaps I can provide some perspective here. And I'm coming from a background in financial services where teams of stockbrokers used to report to me. So, fair to say this is credible.

    Stockbrokers do not care less about whether you make money or lose money. They just want your money and that's called comm.

    Back in the day, Rene Rivkin was peddling the "Rivkin Report'. It was well known in the industry to be gossip news to generate trades for him.

    Needless to say, nowadays the rules have changed and a broker has to provide a record of advice to support a trade (retail client). If a soph client, then they still have to have a basis - and do you reckon a soph takes blind advice - they expect a reason.

    So it makes no sense that a broker would recommend a sell on a stock that just did a CR and was in the middle of a large drilling campaign with no results announced. That would be akin to telling a blind man to walk across a busy road without his dog or a cane.

    I really wish people would stick to facts-based conversations and peddle your gossip on another thread. It's tiring and a tired strategy to talk an opportunity down.
 
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