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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Lucretius who wrote (42885)1/11/1999 10:32:00 AM
From: wlheatmoon  Respond to of 132070
 
FRE tanking. Somebody selling big chunks of it. 100k blocks at ask. Something wrong with the credit market?

mike



To: Lucretius who wrote (42885)1/11/1999 11:28:00 AM
From: wlheatmoon  Read Replies (3) | Respond to of 132070
 
From Slider on Driller thread.

If you really want to make your day; a business associate of mine has a computer geek son - his term, not mine; 16 years old. His son received a $40K from Grandparents - has traded it to $400K at age 16 in less than one year on all Internet & tech stocks; mainly Amazon, Yahoo, CMGI & the big names... Nothing more than buy and holding, but uses margin... and some trading.. This Internet-mania has created some potential teenage Millionaires... literally - unreal... the key will be; how many will get to ''keep'' that Million $ ... He had me try to talk his son into taking some profits... it's the ''kids'' account that his father set up for him; kid is using margin and making a killing - won't stop... we'll see what the rest of the story is... Only in America; A 16 year old kid; can now - buy & sell his Father; could make $1 Million on this ''mania'' ...