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I admit it was me     21-Sep-08 12:07 am    
I put in a market order to short 110 shares yesterday morning. Bid was about $23. Then I went to work. When I looked at 3 pm I had over $44 million in buying power. My account was worth only about 10K before then. Not to let a good thing go to waste, I bought 1 million shares each of WM, FRE, FNM, WB, and MS. I fully expect them to kill these trades but what the hell. Maybe I will make a few million when I close the trades on monday and they will let me keep it.
It's been a stressful weekend so far. Don'tknow whether to celebrate or plan to leave the country. Brokerage will have to eat any of my losses as a result of this.



Just kidding folks. Probably some drastic ploy to avoid a hedge fund from going bankrupt through margin calls. They know it will be reversed.
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noonan0

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Miami, Fl


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I admit it was me
noonan0 (1 Rating) 21-Sep-08 12:07 am  
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PowerShares Global Steel (PSTL)

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