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Pastimes : Silicon Investor - User Site Discussion - Generally Unmodera
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From: N. Dixon1/5/2014 5:49:14 PM
   of 1604
 
Here's something that might give you pause when someone says they're coming to your house and you will regret it


The Many Faces Of Amr I. Elgindy
Over the last decade, Mr. Elgindy chiseled a small fortune out of the often sleazy world of penny stocks, the shares of tiny companies that can double in a day and fall just as fast on waves of rumor and speculation. Along the way, he played off the fringe brokerage firms that pump penny stocks up against the short sellers who try to take them down, and he became a source of tips for both regulators and journalists.

''He always had an in with somebody,'' said Stuart R. Allen, a former investigator with the Securities and Exchange Commission. ''If it wasn't the authorities, it was the press.''

In the backwaters of the securities industry, where brokers can look more like bouncers and criminal records are common, the battles between long sellers and short sellers can be vicious and personal.

Mr. Elgindy seemed to thrive on the tension. On ABC's ''20/20'' five years ago, he said with relish that he carried a handgun and had ''received a bullet in the mail, a bullet with my name on it.''

''Three-hundred-pound guys walking into an office beating you up, making you do this, do this,'' he said. ''It's happening. It's happening on Wall Street. That's not going to happen to me.''
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