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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (8814)9/12/2001 7:32:39 PM
From: American Spirit  Read Replies (2) of 74559
 
I studied the Barrings situation. You're wrong. If Barrings had had a few more weeks without being pummeled mercilessly by shorts during an already difficult market they could have survived. All their positions would have appreciated greatly in just a few weeks. Instead a great banking institution with hundreds of years of proud tradition was sold for 1 pound sterling. Shorts are like vultures in cases like these, picking at the still living to grab off chunks of meat.
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