+871241,06% I sold this stock on Wendsday


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nekro:

+871241,06% I sold this stock on Wendsday

 
20.09.08 14:56
PWRSHRS GLBL STEEL (PSTL)

messages.finance.yahoo.com/...=85956&tid=12&mid=12&tof=1&frt=2

I sold my 100 shares @22.95 and then shorted 1,000 shares. I am now down
200,000,000! two hundred millon minus the $2,295 i made. Thank god the U.S.
Goverment is going to bail me out as I really didn't know what I was doing and I only make $12.00 per hour at Sleepy's. God Bless America and thank you for helping me out in this difficult time and I promise I will not do it again.  
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nekro:

I admit it was me

 
21.09.08 14:37
messages.finance.yahoo.com/...=85956&tid=16&mid=16&tof=1&frt=2

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.
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