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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: PartyTime who wrote (77100)	5/29/2002 12:26:20 PM
From: Jim Spitz	Read Replies (1) \| Respond to of 122087

You pose some good questions, but as I recall Elgindy always seemed to have $1-2 million in short positions going. Some of his shorts were probably still short from months/years before. Some are "Never Cover" positions. While the ones which have dropped sub $.10 may not add up to much, they will still figure in on the totals. Granted, to you or I even $1 million in open positions seems excessive, but maybe it wouldn't if we had as much money to work the market with as Amr did. I am not trying to justify or defend here, but just add balance to the thoughts discussed. As for the kids' funds, yes long term, they are usually left, unless they may be needed soon, such as for college or something. I will not try to second-guess that. I am not now and never was Amr, and only he can answer that conclusively. Also keep in mind that when prosecuters smell blood, they go all out to make a name for themselves. They probably know that not all of the charges are sound, but will try to use less solid ones as throw-aways in case plea bargaining comes into play, or to make the more solid charges seem more likely. Hey, I watch the lawyer shows on TV! Don't you? jimS