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Trader's short position got crushed, now owes E-Trade $106,445.56

By Feux Follets following x   2015 Nov 19, 6:15pm 2,207 views   9 comments   watch   sfw   quote     share    


His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s.

That’s where you come in. At least where Campbell desperately hopes you come in. Of course, sympathy in the trading community over such gaffes is typically in short supply.

His is a cautionary tale of getting caught on the wrong side of one of the riskier bets on Wall Street. When you’re long, the worst you can do is lose is everything. But when you’re short, everything and a lot more is at stake

http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19

1   Strategist   ignore (1)   2015 Nov 19, 6:27pm   ↑ like (2)   ↓ dislike (0)   quote        

Feux Follets says

His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s.

He he he.
Someone's gonna be sleeping on the sofa for an awful long time.
"No money - No honey"

2   Dan8267   ignore (3)   2015 Nov 19, 6:32pm   ↑ like (0)   ↓ dislike (1)   quote        

Sounds like now is a good time to short KaloBios.

Some greedy fuck played a zero-sum game in which he expected to make a lot of money doing no work and producing nothing. He made a wrong bet. No sympathy. Let him work off his debt producing wealth and not partaking of it. Poetic irony and instant karma. Had he succeeded, the wealth he would have gain would have come from other people's hard work, not his own. It's fitting he should now have to work hard making other people richer.

3   APOCALYPSEFUCKisShostikovitch   ignore (30)   2015 Nov 19, 6:34pm   ↑ like (1)   ↓ dislike (0)   quote        

That's a lotta blow jobs at the truck stop.

4   zzyzzx   ignore (1)   2015 Nov 19, 6:35pm   ↑ like (2)   ↓ dislike (0)   quote        

Feux Follets says

he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56.

5   Strategist   ignore (1)   2015 Nov 19, 6:35pm   ↑ like (0)   ↓ dislike (0)   quote        

Dan8267 says

Sounds like now is a good time to short KaloBios.

Some greedy fuck played a zero-sum game in which he expected to make a lot of money doing no work and producing nothing. He made a wrong bet. No sympathy. Let him work off his debt producing wealth and not partaking of it. Poetic irony and instant karma. Had he succeeded, the wealth he would have gain would have come from other people's hard work, not his own. It's fitting he should now have to work hard making other people richer.

Dan, how are we gonna have fun going at each others throats, if we keep agreeing?

6   Strategist   ignore (1)   2015 Nov 19, 6:36pm   ↑ like (1)   ↓ dislike (0)   quote        

DieBankOfAmericaPhukkingDie says

That's a lotta blow jobs at the truck stop.

Yup. 106,000 of them, and only if he swallows.

7   Dan8267   ignore (3)   2015 Nov 19, 6:43pm   ↑ like (2)   ↓ dislike (3)   quote        

Strategist says

DieBankOfAmericaPhukkingDie says

That's a lotta blow jobs at the truck stop.

Yup. 106,000 of them, and only if he swallows.

Did this story take place in New Jersey? I heard CIC was driving down the prices of blow jobs there.

8   Dan8267   ignore (3)   2015 Nov 19, 8:05pm   ↑ like (0)   ↓ dislike (1)   quote        

Says the boy with the Iron Man icon. Didn't you know that grown men aren't suppose to watch cartoons and read comics?


CIC indulging in his self-aggrandizing fantasies.





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