Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: carranza2 who wrote (73362)	5/6/2010 3:39:09 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

What's going on is that Yahoo! finance is down [for me anyway]. Aha, now going and crikey.... it says Down down 1000 points... I'd better go and read. It looks as though my shorts on JPM and WFC should work out okay. <In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points > Wow, that's quite a claim. My most exciting half hour was in 1987 when I was on the phone to brokers during the vertical plunge and he was giving me quotes, dropping by the second. In those days, we had to go and watch young women writing prices on a chalk board [in NZ] but I happened to be living in Antwerp and phoned a broker in London to sell Hambros Countrywide shares. Hmmm, Sten Nielsen, a Dane, who told me they'd be a good short term trade, died a year or so ago. That was my one and only attempt at "insider trading" and it did NOT work out to my advantage. It wasn't really insider trading as he was a friend who knew a friend who said Hambros were going to do some deal or something which would be good for the company. 1000 on the Dow at 11,000 is no big deal. Mqurice

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