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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (53832)8/4/2001 11:42:37 PM
From: Mike M  Read Replies (2) | Respond to of 57584
 
In fact, right here on SI there were a number of short-sellers who were on excessive margin and not only lost everything, but had to sell their houses to pay back margin calls.

That one is kind of hard to imagine. Brokerage houses are pretty adept at protecting their own tails and selling someone out while there is still a nickel or two of equity. I suspect there would have to be additional debt such as credit card funding of the margin position, in the first place, to cause this kind of devastation.

Alas, greed and fear in the biggest gambling casino in the world. Lots of sad stories out there.



To: Rande Is who wrote (53832)8/6/2001 8:03:00 AM
From: moufassa7  Respond to of 57584
 
I find your statement that it was mostly short sellers that lost their houses hard to believe. Traders that short are usually more sophisticated than long only mullets. What kind of a trader would allow losses to get out of hand? Again, that's the territory of the buy and hold, long only mentality.


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