Knight Capital
Author
Discussion

Timmy35

Original Poster:

13,014 posts

228 months

Thursday 20th September 2012
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So has anyone any thoughts about these rapscallions, a highly respected and cash generative brokerage sees it's algo software go haywire and collapse the share price, and for once it's not Man Grp. Knights $440m ( ouch ) loss was well publicised, but it's been refinanced and most of the volume seems to have stayed with them, at $2.50 a share it's a tad down from a 1 year price range of @ $20 a share. Ok so the share's have had a 40% dilution due to the rights issue, but still they seem cheap. Too cheap? Or a very good mid term investment?

What's yer thoughts?

longone

252 posts

270 months

Thursday 20th September 2012
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Knights, MF Global, who's next? Fraud is widespread and goes uninvestigated. I'd put your money in PMs and wait.
Colin.

Mobsta

5,614 posts

285 months

Friday 21st September 2012
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Why not invest in cheap Chinese labour instead and build the worlds fastest Labradoodle robot dog. Dressed up as an authentic reindeer, pulling a cheap upside down beer cooler turned into a sleigh, you could charge a fortune for rides without ever having to 'work' again.