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.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (22307)	7/28/2011 9:08:51 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 222366

I just shorted some crude oil...<g> GZ

To: robert b furman who wrote (22307)	7/28/2011 9:15:07 AM
From: Berk	Read Replies (1) \| Respond to of 222366

Basically the bankruptcy of the Market Makers who cleared through it. I remember going in and hearing about margin calls in the millions which of course couldn't be met. First became a bag holder which meant Continental did which meant we all did via the FED. You'll appreciate this tidbit: First Options was acquired by Continental from Spear, Leeds and Kellogg about a year before the crash, three guesses on who bought them at fire sale prices two years later. S,L and K was a major NYSE Specialist firm at the time.