Investors laud Albert Reyes' lawsuit against COL; COL stocks drop 10.71%

Stock Trader Albert Reyes receives praises from fellow stock traders and investors after the announcement of the planned lawsuit against online stock broker COL Financial Group, Inc. On January 17, Reyes, announced that he will file a case against COL Financial Group due to lag issues of the latter and demands its total closure. Reyes and his legal team is planning to file the formal case within this week.

“When the stock price went down, I was hoping to cut losses but apparently, I couldn’t trade,” Albert told. “I just saw my money burn and I couldn’t do anything." 

COL Financial  should be held accountable for all the loses due to their site's troubles according to the trader.

Meanwhile COL stocks dropped by 10.71 percent on today's trading, January 18th.  

Here are the reactions from the stock market traders: 

"At least he made an action on behalf of those who also lost their money. Also, damages are not only limited to what he lost -- it also considers consequential damages (e.g., lost potential income, cash flow forgone, opportunity costs). Isa pa di naman niya sinabing ipapasara nya, porket may kaso sara na agad?"

"It is his right to file a case. Sometime it need someone to light up a fire."

"Mas mainam na may mag-case talaga jan sa COLpara magkaron sila ng takot at ma obliga silang i upgrade yung system nila.Puro Apologies na lang...Anong magagawa ng Apologies kung UBOS na pera mo at walang ka ng perang pang trade kinabukasan?"

"tama dapat panagutin yan. biruin mo malalaman mo naman sa indicator na bababa kaya ang gagawin mong action magbebenta ka. kaya lang bago mo pa ma set up nasa baba na di ka pwedeng mag set sa ask price ng pang buhos ang style kasi sigurado sa baba maexecute. ganun din pag aakyat antayin mo confirmation kung aakyat na bago mo pa na set up nasa taas na. ilang beses na ako nadali nyan lagi ako nalulugi. tapos sorry lang"

"Mas mabuti n yan,para mlaman ng col n tuwing mag lag cla,may magkakaso s knila ...para gawan nila ng paraan s system nila"

"okay sana kahit may ibigay ang COL pang palubag loob, kaso wala eh. puro sorry.. alam nmn nila na madami users nila pero wala man lang guinagawa. baka kurakot din IT dept nila kaya wala kwenta servers. hahah"

Source: Peso Economics