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FXCM fall from grace - Well don't say we didn't warn you!!!

|Includes:FXCM Inc. (FXCM), GCAP


Amazing!! It seems as though the Wall Street types which just two months ago were hawking FXCM's IPO to their investor clients (with an $18 price target and visions of unabated growth) have suddenly discovered that industry growth has slowed, and FXCM might not grow as fast nor make as much money as they foresaw. Who are these guys???!!! Have they done any real homework at all on the industry???!! Hate to say "I told you so", but if they would have read our Online Forex Industry Report or some of our recent posts (such as discovering a 20% drop in second-half-2010 volumes at FxPro) - or done any of the research groundwork which we did - it should have been obvious to them long ago that things ain't quite as rosy as they used to be in the industry. They also would have saved a lot of money for their investor clients who held onto the stock believing their unresearched research - at last look, FXCM stock is trading off 13+% today!
Stocks: FXCM, GCAP