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Technology Stocks : Emulex, What Prospects?
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To: Don Pueblo who wrote (726)9/1/2000 7:03:50 PM
From: Sr K  Read Replies (2) of 788
 
I hope the SEC/FBI are careful in their charges:
resulting in Emulex's losing $2.2 in market capitalization

I expect this is not the end of the story.

How did he get buying power to pull off such trades? I suspect he traded on other real news releases, before fair dissemination, parlayed option winnings into larger and larger trades, and got a little too sure of himself.

Not many students can put on a $240,000 position, long or short.
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