Commentary: How P&G Plunge Derailed One Investor | Wall Street vs Main Street | Financial Articles & Investing News | TheStreet.com

Commentary: How P&G Plunge Derailed One Investor Wall Street vs Main Street Financial Articles & Investing News TheStreet.com: "I feel bad for Mike but the story is clear he called his broker several times and said 'sell, sell, sell.'
I was spared any anguish that day because workmen were doing things in my house and I was tuned out from all that.
While I would not use a mutual fund - why pay them a percentage for riding the market up and down? - I would advise Mike to put his money into mutual funds and let the experts be a barrier between himself and the churning market.
He should dump his accounts in TD Ameritrade to do this.
Last year I entered a good til cancel order to pick up 100 shares - big deal - of enlay.pk at a little over $4 when it was selling well over 5. One day a specialist program somewhere dropped down a buck and half and filled my buy order. Soon after I got a notice the trade was canceled. I know and Mike should know the cards are always stacked against the customer. They will not absorb a $100 loss to me and apparently his full price broker won't absorb a $19,000 loss to Mike either. The bank bailouts should prove these big shots really don't have the temperment to take losses and the federal welfare support payments will only go to the professional traders and their bankster employers."