by Recyclersteve » Sat Nov 08, 2014 11:27 pm
I'm not going to say anything negative about Monarch specifically, but offer more of a comment about conditions overall right now. Merit Financial and Hannes Tulving were two high profile companies who recently went out of business. Lots of people have to be hurting with the recent collapse in metals prices. So I wouldn't be at all surprised if there were others that went out of business. Since they want you to pay them upfront, I wouldn't be that comfortable buying from an out of state dealer like this. I'd Be more comfortable buying from a local dealer where it is a cash and carry transaction. A side benefit is that it may be a more anonymous transaction.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.