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Posted: 9/20/2001 12:21:59 PM EDT
[Last Edit: 9/20/2001 12:32:55 PM EDT by Mordwyn]
double tap please delete
Link Posted: 9/20/2001 12:23:38 PM EDT
A couple of Germans got caught doing the same thing with banking and insurance stocks. They are in the iron hotel as we speak.
Link Posted: 9/20/2001 12:37:10 PM EDT
Isn't this the same as "selling short?" You basically borrow stock through a broker, sell it, and wait for it to drop in price. Then, you buy the stock back and replace what you borrowed making up the difference. The bad part about it is if the owner(s) of the stock decide to trade it before it drops or if it increases, then you get stuck with a loss. God Bless Texas
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