STT weekend lounge 22-24 June, page-106

But that's the catch. We post our FA/TA, try to be ethical in how we go about SM etc but in the end, profiting from specs necessitates that someone less experienced buys our baggers. Ok. You say, "but at least I wasn't ramping at the top!" True. But without those that were, you don't get the volatility and overshoot that feeds our P&L.

I'd like to think i'm this or that and "not one of those sorts" but end of the day, it's like a President only being a reflection of the community that votes him/her in. In a zero sum game that necessitates someone less savvy losing so that we can win, we're all guilty by association in my view.