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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (17363)	4/19/2001 5:18:59 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

See the movie ROGUE TRADER and witness what it's like for a margined trader to be caught going the wrong way for just a few weeks. The big traders can lose billions when they guess wrong. I spoke out against Askok Kumar a month ago when he downgraded INTC at 27 and send it down to 23. He said it would keep going down. And he's supposd to be the expert. Probably had a huge short position then and like many here just refused to cover. Big mistake. He and Dan Niles are anal-ysts if you ask me. Like all the bozos who downgraded at the bottom and probably upgraded at the top. Wonder they can ever make a profit. Both should be fired now. even Barton Biggs went long on techs at the same time. And he's the Perma-Bear.