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Politics : Ask Michael Burke
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To: Night Trader who wrote (82667)8/3/2000 11:28:03 AM
From: Knighty Tin  Read Replies (3) of 132070
 
MK, One of my alltime favorite books. However, nobody has proven that Livermore wrote it, though that is the common assumption.

Now, it is not the public using margin with their odd lots. It is the big banks and brokerage firms who are betting pennies on the dollar on derivatives and stock issues. Sometimes, as in the case of LTC, they are betting billions on a few million in collateral. Of course, they are too large to be allowed to fail. <g>
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