I think in some countries, "M" can mean thousand, especially in currency ... okay, I tried ... there's just no excuse for this knuckle head. It looks like a newspaper print ad based on the image. It's NASD/SIPC, so it's US. April 22nd was a Thursday last in 2010. What happens if you buy a basket of those tickers then and have them now ... believe it ... he could have actually turned $5 into $100 (assuming) that was his intended claim, but without some shrewd trading (from this numb nuts?) holding those in a "buy-n-coma" portfolio would have more likely done what was promised and turned every $100 into $5 ... just enough to cover commissions ... I can't even figure out all the 8 tickers ...
AHP+BMY+GLX+JNJ+MRK+PFE+SGP+WEL
I guess AHP is AHPI ? which has gone from then $4 to $6, now under $3
GLX is Glaxxo GSK? lost 20% from April to May then climbed steadily to a recent $47 high which it has held ... call that either a crushing stop loss and twice-bitten stay out or maybe a lucky by in May and then a steady 50% gain to date ... hardly the twentyfold gain, but, okay, that's one winner even if the ticker was wrong and maybe completely unrelated to GSK ... : |
SGP Schering Plough appears to have been acquired by Bayer (since when do M&A events bring value to stockholders ... maybe once in a blue moon, but in a global recession, I think you have to assume it was a mercy killing) Bayer doesn't really trade in the US markets.
WEL is probably WELL ... defunct but could be WLP which is unch since April 2010 after crashing in April (you've got to laugh or you'd cry) from $65 to $53 then climbing to $82 for a brief moment in the sun after a year and then crashing three times since and now back at $57 ... a real heart attack position in any portfolio -- great trading, but horrific for the buy-n-coma "investor" ... oh brother ... this ad just gives and gives ... : )
The other tickers are presumably familiar faces: BMY+JNJ+MRK+PFE The fell in April 2010 from a collective high of 148.51 to a low of 125.88 in May 2010, then some brutal, volatile swings from month to month (up to 155, down to 130 in 30 days ... roller coaster style) climbing to $175 now or about 30% net for over two years of bumpy account statements.
So, a pretty decent trader could have turned $5 into $100. A typical "risk averse" self-directed individual investor would surely have sold in desperation on the big draw-downs, turned their $100 into dust and resigned themselves to the conclusion that "investing" is for broker-dealers and banks, not trusting fools crying on their kitchen table trying to understand what happened.
I have to assume that "for the first time in 17 yrs" means, he did a 20 year stretch for securities fraud and is out after 17 on parole. 8/15/12
Tim Knight
