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.

Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?

To: Bill Purcell who wrote (964)	4/30/1998 1:58:00 AM
From: Pendretti	Read Replies (2) \| Respond to of 4230

Ever heard of Nick Leeson? The Englishman in Singapore who was responsible for Barings to go bankrupt. After that ING bought it for 1 pound sterling. I have read his book (it is very good by the way) and he was buying futures, more and more and the market went down so he made a big loss, but the clearing house calculated his positions every day and he had to transfer money into their accounts. He asked this money in London and they transferred it to him. Because of the risks MM's could take in only one day I think that their positions are being watched every day and that there has to be enough margin. But this is just a personal guess, if anyone knows it for sure please fill us in. I thought I have read that someone has a friend who happens to be a MM. This guy knew about TGSK and knew that there was a large short position and adviced safekeeping. Maybe he can help.