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To: John Koligman who wrote (70914)1/11/1999 12:54:00 PM
From: Doug M.  Respond to of 186894
 
John, that post is BS. Those two trades would cost him about $3.1 million cash (without margin). Anyone who has that kind of capital probably has other "secure" investments.

If that is all the money that person had, then he/she would probably be wise and sophisticated enough not to bet the farm on YHOO and that other crazy stock in one shot!

If they were trading that type of size just as "goof trades", then they would have so much extra money that they would already live in Pebble Beach (or anywhere they wanted) and have their own exotic cars and planes.

Just my thoughts,

Doug