phFactor
Long

Slow but Graceful Recovery ?

NYSE:FXCM   FXCM INC
It appears that since the investor relations conference call that generated a positive spike in March, confidence is slowly returning as the FOREX giant recovers from it's unexpected losses in response to the Swiss Franc             debacle. Given the longevity of current market forces, it may be able to return to near last years operating levels by the end of this year.
As a side note, the dire predictions of falling to 45 to 47c seem to have been based more on emotion than fiscal reality.
Actually, there was a Slow and Graceful Recovery, right up until that Lawsuit against FXCM. Then it crashed down to 75c or so.
Then, more recently, they split their stock 1:10 to raise the share price.
So, it was not the Graceful Recovery it could have been.
Ah, well...
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