stahleyp -- i've tried to treat you w respect but you honestly strike me as pathetic...and you clearly have no clue re investing. honestly wish you well but you are not worth my time -- sorry
my opinion re JEF are clearly expressed in this thread
Here is what I gathered. Feel free to correct any inaccuracies.
You have no position.
You post bearish remarks about unsustainability of the business model and talk about the uncertainty.
You also state that if "tangible book is correct" the it might be a good investment.
Where am I wrong?
To me, that says that you think it's gonna go down but certainly can go up, too, ie the stock will go up or down; I'm not really sure which way.