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Started By
Message
Trader shorts $35k, loses, then sets up gofundme
Posted on 11/19/15 at 12:38 pm
Posted on 11/19/15 at 12:38 pm
LINK
quote:
a "dummy" E-trader, Joe Campbell, decided to go $35,000 short KBIO "and now owes $ETFC a wonderful $106K."
But it was Campbell's decision what to do next, that is perhaps a first in the history of the market place.
The "fairly new trader" decided to give online begging a try, and has launched a GoFundMe campaign seeking to "crowdfund" the $106,445 margin call.
18
Posted on 11/19/15 at 12:41 pm to Ingeniero
Probably one of the better gofundme's I've seen out there, to be honest.
Posted on 11/19/15 at 12:42 pm to Ingeniero
An efficient market... Am I right
Posted on 11/19/15 at 12:43 pm to Ingeniero
This will go a lot better for him if he admits his white privilege.
Posted on 11/19/15 at 12:45 pm to Wtodd
Just donated ten-thousand ... Iraqi Dinar
This post was edited on 11/19/15 at 12:45 pm
Posted on 11/19/15 at 12:45 pm to Ingeniero
Just donated $106K
Posted on 11/19/15 at 12:50 pm to Ingeniero
He could just set up a high stakes poker game in Montenegro with a bunch of terrorists and James Bond.
Posted on 11/19/15 at 12:59 pm to Ingeniero
He needs to hit up the Prince of Zamunda.
I hear he's working at a McDowells in Queens.
I hear he's working at a McDowells in Queens.
Posted on 11/19/15 at 1:01 pm to Ingeniero
quote:
Never in my wildest dreams did I imagine that Etrade would NOT have some sort of stop or circuit breaker in place that would automatically cut a position if the account went to $0.....how could they ever let it get to -$144k loss on a account that small!
Pretty sure unlimited losses are a known risk of shorting stock, or am I wrong?
Posted on 11/19/15 at 1:05 pm to Ingeniero
its only up 395.65% today
Posted on 11/19/15 at 1:05 pm to Team Vote
yeah, dude's an idiot.
Posted on 11/19/15 at 1:05 pm to Team Vote
quote:
Pretty sure unlimited losses are a known risk of shorting stock, or am I wrong?
The guy is an a-hole. He knew damn well.
Posted on 11/19/15 at 1:13 pm to Ingeniero
No way that dude just picked KBIO out of the mix and shorted them.
He was probably fired from KaloBios and was hoping they would implode.
Dude should get investigated for possible insider trading... even if he went wrong with his choice.
He was probably fired from KaloBios and was hoping they would implode.
Dude should get investigated for possible insider trading... even if he went wrong with his choice.
Posted on 11/19/15 at 1:14 pm to Ingeniero
quote:
My plan moving forward is to liquidate mine and wife's 401k's
Add in the fees for his divorce too
Posted on 11/19/15 at 1:15 pm to Ingeniero
Stock market's racist
Posted on 11/19/15 at 1:17 pm to RebelOP
Sad part is he has actually raised $1,600 so far, people are stupid and I am not talking about the guy that lost the money.
Posted on 11/19/15 at 1:17 pm to Ingeniero
Tell Wilson to get back in there and SELLLLLLLLLL!
Posted on 11/19/15 at 1:18 pm to Ingeniero
quote:
I was devistated.
Dude needs to learn to spell too.
Posted on 11/19/15 at 1:19 pm to DoUrden
Anyone that gives him money doesn't deserve to have it anyway.
Posted on 11/19/15 at 1:20 pm to Ingeniero
Dumb arse should have bought options instead.
Even dumber was not buying put options.
Even dumber was not buying put options.
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