Rogue Trader’s Last Message on Facebook: Need a Miracle

Sep 16, 2011
J. Webster
Comments Off on Rogue Trader’s Last Message on Facebook: Need a Miracle

Sadly in many ways, the rogue trader’s Facebook plea went unanswered and he of course was arrested for fraud.

As Switzerland’s central bank imposed a limit on the franc’s appreciation against the euro on Sept. 6, UBS AG (UBSN) trader Kweku Adoboli’s Facebook profile had a plea for his friends: “Need a miracle.” (Bloomberg)

Friends of stock traders: If you see desperate messages on Facebook from a trader friend, and own stock in said friend’s company, UBS in this case, it might be time to get out. And get out fast. Miracles do happen, but not when you want them to and usually not by asking for them on Facebook. If Facebook could perform miracles if you asked it, sort of like a genie in a bottle, just wow, then their IPO would really take off.

Related Posts Plugin for WordPress, Blogger...

Comments are closed.