11-19-2015, 10:59 PM
(This post was last modified: 11-19-2015, 11:02 PM by Roadmap2Retire.)
Saw it on Zerohedge. What an idiot and from what I can tell he just starting trading a few months ago - and bet $35K shorting a stock! 
He will be a debt slave for a few years (I think he owes E-trade $106K, if I remember correctly). Hopefully that will be a lesson for him.
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Reminds me of reading a few stories a year or so ago where ppl put their whole nest egg/retirement savings into GTAT. When Apple pulled the rug out from under them, that company went pretty much belly up (although I heard recently that they are back from the dead). It was stories after stories of ppl betting everything on this hunch and Seeking Alpha authors raving that it was the next best thing since sliced bread and their info was based on "insiders". It just astounds me when I hear such stories - all they have to do is stop for a second and think what they are doing!
He will be a debt slave for a few years (I think he owes E-trade $106K, if I remember correctly). Hopefully that will be a lesson for him.
--
Reminds me of reading a few stories a year or so ago where ppl put their whole nest egg/retirement savings into GTAT. When Apple pulled the rug out from under them, that company went pretty much belly up (although I heard recently that they are back from the dead). It was stories after stories of ppl betting everything on this hunch and Seeking Alpha authors raving that it was the next best thing since sliced bread and their info was based on "insiders". It just astounds me when I hear such stories - all they have to do is stop for a second and think what they are doing!