I purchased those shares @ 5.19 and Scottrade sold them for 1.79 to meet margin requirements! It comes out to $146,880 loss I took on Gern! I feel like Chip lied to us! I am encouraging all of you to contact one of the many law firms who are suing Gern for everything they got. You can get your money back!! Don't be surprised if criminal activity turns up after what gern has done to its investors! I would not be surprised if ceo and they lead Dr Mr T end up in jail for fraud!!
I am truly sorry about your loss. I been day trading for about 8 years and I have lost a good bit but a golden rule is never play with what you cannot afford to lose and stay away from margin....Or, watch it like a hawk in case you get a call. Scottrade is good about actually calling you and notifying through email and/or when you login. I hope that you end up alright as I dont like to see anyone lose that much money and Im glad to see that the responses were not harsh compared to the DNDN board when they lied anbout the FDA approval years back. I saw people literally talking about killing themselves and how they lost everything and people responded with heartless remarks like go do it...or I will sleep with your wife...it really made me feel sad for mankind seeing that stuff. That stock waas halted at 5bucks and went up to like 26 in a few hours and then the FDA came out the next day and said that wasnt true and stock halted and it plummeted back down to 5 or so.....ouch.
If what you post is true, well... that sucks bigtime and it's probably going to be a big learning experience for you, but nothing is going to happen with this silly lawsuit and you are not going to get your money back. Imagine someone losing their life savings playing in a casino. Is that the casino's fault? Stop whining about Chip. It was your money and your finger clicking the mouse on Scottrade to make your trades.