>I'm around, but I'm not a big wine lover (I think it's something like oenophile?)
how 'bout grape nut?
(man, that just might top my lame-o comment on your Provence holiday: "Show me the Monet!")
on margin, the (other) Post had a decent piece on it yesterday. they dubbed the article something like "Some Hear the Margin Call of Doom." apparently, march was the all-time margin high on the NYSE followed by the single largest dollar-drop in april. on the order of $30 billion. and as someone in the article opined, the decline wasn't caused cuz "investors" paid it off; it dropped cuz they got wiped out.
btw, i didn't know that it was chic for you wall street boys to namedrop your own personal meat cleaver, but chuck pradilla, strategy gooroo at SG Cowen, commented on the folks getting their head handed to them with this: "I think that's good. I mean, my butcher was on margin. These were speculative investors."
i don't know about you, but i see chuckie coming down with a bad case of e. coli.
fwiw, the Post didn't cite -- and i haven't read of any individual hedge funds going belly-up -- but i'd be interested if you hear any names (and are willing to kiss and tell). barry hertz of Track Data is the most recent example that comes to mind, although that stock still manages to trade for a dozen bits or so. btw, did you hear that TRAC scrubbed its 3-fer-2 split? but get this, then went ahead and added 17M shares to the float! for kicks, check out the morons here:
Subject 14966
speaking of idiots:
news.cnet.com
NotanIRIDiot(atleastnottoday)CM |
