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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (34570)	10/9/2000 3:25:59 AM
From: TWICK	Respond to of 50167

lol !!! BERNIE'S BIG BOO-BOO The WorldCom CEO was forced to sell 3 million shares - more than 15 percent of his holdings - for about $78 million to cover a margin call. nypostonline.com Someone please explain to me why someone as rich as Mr. Ebbers takes such risks ? A margin call of $78 million in his own company's shares. He already owns tens of millions of WCOM shares. If he felt that confident about his company's success, why didn't he buy the shares in cash ? The only answer I can come up with is GREED and OVERCONFIDENCE ! This makes me wonder if this "CEO margin call phenomenon" may just be the tip of the ice berg, especially when you look at the Internet sector, where so much speculation has taken place over the last few years. Twick