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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (19367)3/21/2000 12:30:00 PM
From: IceShark  Read Replies (1) of 42523
 
Remember that rambo holder I was telling you about that had 1.2mm shares (over 5%)?

Well it looks like it really is his own money, but get this, it was margin and up to a year ago he didn't fully understand margin! Back then he wanted to try and cause a short squeeze and have the broker switch the shares into his cash account, not realizing that meant he had to fully fund all the shares he owned. Yikes! A "big hitter" with that little knowledge trying to game the market. BTW, he sold enough shares to own outright and has called them out of the lending pool. That event could be causing some of the goofy stuff we see going on.
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