Dan the Shill, a sad sad story about the dangers of margin.
To: Street Walker who started this subject
From: Dan Zimmermann Thursday, Mar 30, 2000 3:53 AM ET
Reply # of 2832
To my friend Street Walker:
I read your post on Yahoo and my heart goes out to you. The decline in GUMM from the 30s has taken its toll on many investors who heavily margined the stock, including myself. Luckily I have been trading enough of it, and other stocks, to have survived the big decline, albeit I'm a bit poorer at the moment. Although it may not make you feel any better, my only advice is to get your thoughts together, pick yourself up, be strong, go slowly, and build yourself back up. I wish you good health, happiness, and prosperity in the future.
Sincerely,
Dan |
