but i see these wild gyrations and high tech stuff you can 2 million shares of a stock in a millisecond. that frightens me because i don t have any control over that no guy named lenny is calling me up and saying hey, o reilly, you better get out. i m the last to know and i don t like that feeling. you are right. it s not a good feeling and there definitely are abuses around high frequency trading for sure. the truth is, these high frequency traders don t know the first thing about stocks. they know about technology, they know he about speed. and they re were they are reacting on rumor. these guys make a lot of dough. they make a lot of money. goes up and they sell. investor is not impacted. the retail investor is putting orders through the retail shop like a tv ameritrade, a schwabb, that s being executed immediately. four times since i began investing in stocks which was kind of around 1982
emotional tenure, but still some big questions, right? there s some big questions here, richard, and really what this pertains to from a federal standpoint, a congressional standpoint, is there will out of this massive data breach that happened back in december be some sort of uniformed federal standard for companies and banks to notify their consumers, pretty much all of us in this country, whether or not there was some sort of fraud regarding purchases they make at big retail shop and what not. what this sets up from a congressional perspective, as in washington, everything becomes political. you have lobbying groups from retailers saying no. banks have to do more, banks need a chip in their credit card. they can t just have a magnetic strip. retailers are pushing back saying, no, no, no, they want the banks to have those cards. banks are saying every single time there s a data breach, we re the ones that know about
these states, before you pick up states and go open a new retail shop. so let me ask you this. how much does the way that colorado has implemented its recreational use here, as opposed to medicinal, how much does it actually tell us about what you think ultimately the capacity to say this has been a success will be? well, that remains to be seen. someone s got to do it first. and, you know, a lot of times they say, you know, the pioneers get scalped. we ll see what happens in colorado, but it looks good. i mean, i don t anticipate this doomsday scenario of legal marijuana. i think in a couple months this story is going to fade from the news as far as colorado is concerned. and in a couple years people will be like, why did we ever, you know, consider making that illegal to begin with? although i m not a big fan of the pioneers and scalping, that
challenge to obama care began in federal court this week as a group of business owners and individuals from states who opted out of creating a state exchange are fighting an irs regulation which theybelieve is unlawful, financially damaging and exposes them to massive employer and individual obligations. david cleminsic of west virginia is one of the plaintiffs who says he will be affected. i m a sole proprietor in a retail shop in a very small community, population 385, i believe it is now, and there s not a lot of customer base to grow for expansion. there s enough to maintain. i m happy with where i am, but there s not enough to grow, and it would be an added expense that would make me have to really evaluate whether to continue to do business or not. reporter: the plaintiffs argue that the plain text of the law limits subsidies to consumers in states that have created their own exchange, making it illegal for them to be offered through the federal
challenge to obama care began in federal court this week as a group of business owners and individuals from states who opted out of creating a state exchange are fighting an irs regulation which they believe is unlawful, financially damaging and exposes them to massive employer and individual obligations. david cleminsic of west virginia is one of the plaintiffs who says he will be affected. i m a sole proprietor in a retail shop in a very small community, population 385, i believe it is now, and there s not a lot of customer base to grow for expansion. there s enough to maintain. i m happy with where i am, but there s not enough to grow, and it would be an added expense that would make me have to really evaluate whether to continue to do business or not. reporter: the plaintiffs argue that the plain text of the law limits subsidies to consumers in states that have created their own exchange, making it illegal for them to be offered through the federal