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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 9:30 AM EST
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To: chomolungma who wrote (173265)3/5/2003 12:14:18 PM
From: Charles Gryba  Read Replies (1) of 186894
 
chomo, I'll tell you a story about a person I know very well personally. Sank 2/3 of his cash into the market near the top. Used it as collateral for business loans. When his business did not make the anticipated cash flows and the market collapsed the creditors came calling. End of story, he had to liquidate his stock holdings at huge losses, lost the business since he had no more capital to make it through the bad times. Bad timing at its worse. We're talking about total losses of around 10 million, the guy is bankrupt now.

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