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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: TRIIBoy who wrote (4924)12/3/1998 9:51:00 PM
From: Cube   of 18998
 
TRIIBoy,

I'm afraid I have an even worse story. I was long TRII on that fateful day right before the major drop. I saw some suspicious patterns during that days trades, so 30 minutes before the market closed I executed an order to sell my entire position of TRII at the market, then ran out the door to meet with lawyers about a pending real estate purchase. I came home to find that I had hit the "buy" button on my online brokerage instead of the sell. I had not exited my position in TRII, I just doubled it. No worries, I would exit first thing in the morning. Morning started with TRII halted pending news. News broke - accounting irregularities, stock reopens down 70%. That's my TRII story, my complacency haunts me to this day.

Cube
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