SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Raymond Duray who wrote (15136)2/3/2002 8:36:08 PM
From: Jordan Levitt  Read Replies (1) of 18137
 
<<You'd really help your argument out by actually knowing something>>

Funny thing, I can remember you on another board accusing the members of "being too loutish for your tastes"; "Kettle, please meet Mr. Pot" . You would do better to actually understand my argument.

<<Enron was by far the biggest energy trader in the U.S. and in Europe before it blew up. It epitomized trading>>

My point is that it wasn't the act of energy trading that caused the problems that you detail. Taking positions beyond their realm of available capital and taking massive "bets" is the cause of what went wrong with Enron. The situation was worsened by the ridiculous structure of the limited partnerships, with loans guaranteed by potentially unlimited amounts of ENE stock.

The fact that they traded is secondary, the fact that they were dishonest, negligent and fraudulent is the primary basis of this tale. It matters little what industry this group of thieves was involved with, you are simply incorrect in your conclusion. You are attacking "traders" when you should be attacking criminal management.

The bottom line on trading Raymond, is that if I trade you some of my carrots for some of your potatoes we are both better off.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News