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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (7576)	10/30/1998 2:17:00 PM
From: Patrick Slevin	Respond to of 44573

I did not short it, I wished to see if it could move little higher first. All these errors are making me a little cautious, which is fine. <I left the bank totally embarrassed.> The trials and tribulations of the rich. I once had to deposit a check for a relative into a checking account. Back when Interest Checking did not exist. He had just sold a business and had a ton of cash coming in to his branch of the family. The check was for almost a half million. I knew all along he was nuts. Who puts a half million into a non-interest bearing account? He was the kind of guy who always wanted to have some cash if he saw something he wished to buy...NOW. So I never mentioned it to anyone and about a year later his daughter mentioned to me that she had put an identical amount into a checking account in a different branch. What in God's name could this guy want with that kind of money on hand in a checking account? When he passed on, his accountant told me at the Wake that he had upwards of 4 Million in checking accounts; none interest bearing. Perhaps he was anticipating a big sale at Barney's?