Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (93082)	2/1/2003 4:15:02 AM
From: E. Charters	Respond to of 116815

The Morel of the story, is if you think you can shag the main chance and corner the market in option, you cannot. At the bottom of the pyramid, ALL other side of the trade has to be losers in this case, and if they ain't got the do re mi to back their bets you cannot put or call the stock -- they ain't got it. The Russians and Koreans reneged on their side of the options and left LTCM with nothing to collect. There is also something murkier there as I heard they were borrowing gold and selling it to buy options. I heard that they got caught out, but I am not sure how, as gold was diving in price at the time.