In the Oct. 16th video on cnbc (still available for viewing), Buffett said his fund has alot of connections with JCP-mainly fruit of the loom and jewelry. He also worked there when he was younger.
Wall street is corrupt. An investment firm can have an analyst give a bad call while they're scooping up the shares at a lower price. Could JCP go to $1.00? absolutely. But it could also go to $30.00 a year from now.
Maybe president of the insane asylum!
same here. ameritrade sucks!
I agree. It's total #$%$. Just moved my money over to etrade.
While switching brokers is a hassle, most of them will give you money and free trades for a month or two. Also, many of them charge less and now provide better tools than Ameritrade.
i'm looking for a new broker.