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Pastimes : Daytrader goes Postal -- Ignore unavailable to you. Want to Upgrade?

To: Tazman who wrote (25)	7/30/1999 4:48:00 AM
From: momojoe	Read Replies (7) \| Respond to of 193

Mad Day Trader Gets Point And Click Rapid Executions! (sorry -- couldn't resist)...Seriously though, this has NOTHING to do with daytrading (this guy had some serious problems), but I disagree that guns aren't on trial -- Every time there's a story like this, I hope Charlton Heston gets a warm, fuzzy feeling, because in some small way, he contributes to each and every gun-related tragedy...

To: Tazman who wrote (25)	7/30/1999 6:09:00 PM
From: Tazman	Read Replies (1) \| Respond to of 193

Another article that pertains more to potential daytrading pitfalls than any possible correlation between daytrading and the shooting: biz.yahoo.com Suicide note of Barton says he killed his children to spare them pain later in life. Humanitarian of the Year candidate? LOOOSSSEEERRR! Taz

To: Tazman who wrote (25)	8/5/1999 3:01:00 PM
From: Tazman	Respond to of 193

Not looking to get flamed as I have stated that daytrading wasn't the reason this event occured (people get pissed off for a variety of reasons). Just adding to the story. Looks like he lost a lot more than first thought. Thursday August 5 11:57 AM ET Atlanta Shooter May Have Lost $450,000 ATLANTA (Reuters) - The gunman who killed his wife and two children before shooting nine people to death at two Atlanta brokerages may have lost as much as $450,000 on Internet stock trades, according to a newspaper report Thursday. Mark Barton, a 44-year-old day trader, last week bludgeoned his family to death at their apartment. He then went on a shooting rampage at two brokerages where he did business, killing nine people and injuring 13. The Atlanta Constitution said Barton's trading losses may have totaled $450,000, attributing its figures to family members and police. Kelly Argo, sister of his wife, Leigh Ann, said Barton told her and her husband, Gary, that he lost huge amounts of money playing the stock market over the Internet. ''He's called Gary before in tears when he has lost big amounts of money,'' she said, according to the newspaper. Kelly Argo said Barton told her sister at Christmas his losses in the market were approaching $300,000. She said her sister was furious but Barton continued the trades. Barton's total losses could not be verified because the information is not public, the newspaper said. Reuters reported last week he had lost $105,000 since May at Momentum Securities Inc., and the Wall Street Journal, quoting unnamed sources, said he lost $400,000 at All-Tech Investment Group before his trading rights were suspended. Kelly Argo said Barton may have traded with money from his children's trust account. The two children were from Barton's first marriage to Debra Spivey Barton, who died in 1993, and they received $150,000 in insurance proceeds. She was stabbed to death along with her mother at an Alabama camp site in September 1993. Barton was the chief suspect in those killings, but was never charged and received $300,000 in a settlement on an insurance policy he had taken on her. The Atlanta newspaper said several of the traders killed or injured had loaned Barton money. Atlanta police spokesman John Quigley said Barton shot his victims at close range, rather than spraying the rooms with bullets. But he could not say how much Barton owed his colleagues or whether he had targeted specific victims. In March Barton told Gary Argo he had tapped his children's trust fund and was facing a repayment deadline. He said if he missed the deadline, he might go to jail. Later he told him he had met the repayment deadline. But Barton's trading rights were suspended by New Jersey-based All-Tech Investment Group and he switched to Houston-based Momentum Securities Inc. Those companies' offices were the scenes of Barton's bloody rampage. In addition to the nine people killed at the two brokerages, Barton bludgeoned his wife, two children, Matthew, 11, and Mychelle, 7, to death with a hammer, leaving behind a confession. The state of Georgia paid for the children's funerals, news reports said.