Grandpa’s Boobies
“The truly savage part of New York is not Harlem,” said a perhaps racist Federico Garcia Lorca in 1932 to a Madrid audience. “In Harlem, there is a warmth and the noise of children, and there are homes and grass, and sorrow finds consolation and the wound finds its sweet bandage….The terrible, cold, cruel part,” he said, “is Wall Street.”
FGL was a Columbia student when the market crashed in 1929. He later described walking through Wall Street’s “limestone canyons” during the crisis: “A rabble of dead money went sliding off into the sea. Ambulances collected suicides whose hands were full of rings….”
I love that quote. I thought of it the other day when I started reading through a torrent of message board posts written during a classic stock blow-up. It all started on Monday, Feb. 28, when two drug companies, Biogen and Elan, suspended a promising MS drug, Tysabri, because two patients had died. Both of the stocks tanked immediately, and before the day was over, Elan had lost about 70% of its value. That night, I happened to look at the ELN message board on Yahoo!Finance, and soon became obsessed with the saga as it played out in thousands of harried posts. There were a lot of suicide threats. There were nauseating personal train-wreck stories. There was a fair bit of abject panic. There were sincere messages of consolation, desperate pleas to God, messages of hope, and lots and lots of vicious insults.
Then there was the advice. The top piece of advice seemed to be to hold on for “the long term” and/or to buy yet more ELN stock. The second-place piece of advice appeared to be a tie between (1) not to pay brokers the money they were due from all the margin calls, and (2) to sue ELN. In third place (by my rough count), was not to commit suicide. Last by a long shot, there were a couple of reminders not to place all of one’s money in a single stock, on full margin, especially when you are (make that were) about to retire.
Below is a selection of posts from the first 24 hours of the crisis. There were far too many to choose from, so this is a somewhat random selection. The overall progression of posts is (to me, at least) a weirdly compelling portrait of human psychology in a moment of confused online despair. Here, on display, is a full panorama of panic, massive financial loss, desperate hope, depression, shock, sadism, sarcasm, poor judgement, aggressive piety, blackest hate, good humor, and an absurd level of denial.
All in all, it's both sad, and kind of funny. Technically, I think that makes it poetic, and I'm sure FGL would have appreciated the effort I went through cutting and pasting all this crap.
Without further ado:
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I AM DESTROYED !!!
by: crazyturtle999
02/28/05 10:00 am
sll my savings was in this stock i also had margin , lost all my savings damn i am still in shiock denial
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I JUST LOST MY HOUSE AND WIFE.
by: sundaeboy2001
Long-Term Sentiment: Strong Buy 02/28/05 11:06 am
33
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I lost my life savings my wife is going
by: searchingforthetruth2001
02/28/05 10:23 am
to kill me.
what should I do?Please anyone.
god help me.
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PLEASE JOIN ME IN PRAY
by: judgeoffacts
02/28/05 10:40 am
LET US BOW OUT HEADS AND PRAY
LORD PLEASE HELP THE LONGS
WE DO NOT DESERVE THIS
LET A MIRACLE HAPPEN.
PRAISE THE LORD.
BLESS YOU ALL FOR PRAYING
WITH ME.
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STRONG STRONG BUY...
by: bill021 (M/MA)
Long-Term Sentiment: Strong Buy 02/28/05 12:09 pm
Great info from CC.
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I have been wiped completely out...
by: knewcomer1
02/28/05 01:33 pm
and still owe schwab money. This is the terrible lesson with margin. I've sold all stock, and options and still owe money. How depressing.
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Adios Amigos
by: postbusters (48/M/Honolulu, Hawaii)
02/28/05 01:43 pm
Sorry that it had to end this way for many. … This has cost me dearly, going from $150K profit to over a $400K loss. Will be refinancing the house and delaying retirement plans. Hope others were able to do better than me in that regard.
A tough pill to swallow, but the sun will come out again tomorrow and as long as breath is in your body there is no reason to surrender.
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If you bought high, average down now
by: ohhh_yes_yes_yes
02/28/05 01:49 pm
$8s are very safe bet, in a few days it will recover. Also get soem MIKR, MIKR will announce earnings in a few days, MIKR went from $4 to $14s on its last earnings. Now sitting at $7, it is ready to give you a 100% soon.
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If every of us buy 20, 000 shares then
by: enoughisenough1234
Long-Term Sentiment: Strong Buy 02/28/05 02:05 pm
shorts will be squeezed, am I right? that's exactly what I am going to do now. I believe the risk is small the rewards will be huge and many will follow me.
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Have some balls and get rich here!
by: suckersumac
Long-Term Sentiment: Strong Buy 02/28/05 02:09 pm
Someone will pull a rabbit out of their hat soon. Keep shorting all you worthless cocksuckers. You'll pay dearly soon.
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Can anyone drink some Jameson with me?
by: loadedandbloated
02/28/05 02:15 pm
Please, I've had 1/2 a bottle and need help polishing off the rest. I feel I am doing my civic duty as a shareholder of Elan and an admirer of the motherland.
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MORGAN STANLEY REMAINS OVERWEIGHT!
by: donjauncarlo (48/M/santa domingo)
Long-Term Sentiment: Strong Buy 02/28/05 02:50 pm
THEY SAY THEY WOULD BE BUYERS OF ELN AT CURRENT PRICES!!!
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i just awoke. what happened?
tia
by: wearingbuffit
02/28/05 02:55 pm
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$349,545 down the pucking drain...
by: williamfrancisiii
02/28/05 03:17 pm
someone should die.
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Re: $349,545 down the pucking drain...
by: greg_dutch (36/M)
02/28/05 03:18 pm
sew the bastards
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HUGE RECOVERY INTO CLOSE!!!!!
by: tumbler478
Long-Term Sentiment: Strong Buy 02/28/05 03:19 pm
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ELN now starring in GaY porno
by: blutospeaks
02/28/05 03:24 pm
painful to watch
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god help us all......my college funds
by: nicepompoms
02/28/05 03:33 pm
for 3 kids is now gone...
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Re: Elan
by: wizardom2000
02/28/05 03:41 pm
My wife has given me a big hug. She tells me she did not marry me for money. She told me not to be on margin, and I partially listened to her, easing off margin, but not enough. This is a half million lack of judgement on my part, not listening to my sweetheart. She has been right before. Now I have to come up with money I do not have to pay a margin deficit. I am writing this to pass it on to those of you who may listen, not so you feel sorry for me. Margin, even a little, can be a crusher. You think you have time to protect yourself. There was no time this morning to bail out.
My wife is an angel. She's everything to me and I wanted to win her the sky to fly in. She says she has me, and that's enough. It is enough for me to have her. We just won't retire and play. She deserves to have some play time, but we'll work and play in our working together. My margin greed colored my perspective once again and I did not have my values in balance. Good lesson. If it helps someone here, I am happy. Bye. Wiz
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Re: Long east sh!t Shorts eat Lobsters.
by: jpbb03
02/28/05 03:58 pm
I made 120,000 on this stock, but I still feel for others. Stop being a douchebag.
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I am happy you longs lost your ass
by: ass_rape_in_progress (666/M)
Long-Term Sentiment: Strong Sell 02/28/05 04:22 pm
and i was not even short eln.
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Goodbye world
by: changb29
02/28/05 04:24 pm
I will kill myself tonight.
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I don't feel too good right now
by: loadedandbloated
02/28/05 04:26 pm
When the booze wears off I'll be looking at a major hit in my Schwab account. Not funny.
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$502,012
by: waspeaceforall (46/M/Boston area)
02/28/05 04:58 pm
loss to the penny. Lost dreams. Lost sense of independance that 502,012 more in liquidity gives one.
But my family is safe and healthy, I earn a good living. My wife's support is unwaivering.
I still can't beleive it.
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any girls want to make good money
by: sling_schlong (19/M/San Diego, CA)
02/28/05 05:33 pm
you will have to do some pretty disgusting stuff to my body parts.
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How am I going to face my wife????????
by: queenscojoe
02/28/05 05:57 pm
I feel so terribly ashamed
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Re: How am I going to face my wife??????
by: ass_rape_in_progress (666/M)
Long-Term Sentiment: Strong Sell 02/28/05 05:58 pm
just do her from behind
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Lost 360K and only had...
by: williamgrenner
02/28/05 06:41 pm
250K in equity. I know you will all say I was an idiot and I feel like one but I have been in and out of this stock for years and really felt I could appreciate the risk. I loaded up 20K share on margin only after the two approvals, the SEC resolution, and the Barron's endorsement of a double. Merrill forced me to liquidate today and I owe them 112K. This has almost killed me emotionally, and while it is only money, I clearly lost more than I could afford or have ever imagined. Five years of trading profit gone in minutes this morning. I never should have margined; I should have diversified, and I should have my head examined for not seeing the signs that Elan refused to respond to all of the recent good news. There was something lurking and to see that this morning was more than devestating. I have no capital to re-build. Christ this hurts.
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Re: Lost 360K and only had...
by: elanjuice
02/28/05 06:48 pm
You are not alone. I am praying for a miracle. I truly need one. Thank God for my faith. It gives me courage and stability in times like this; although, I must say, I have never experienced anything quite like this. I am in your exact situation. After my account is liquidated, I owe 90,000. And I have no idea where it will come from. Wishing you better days ahead.
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Re: Lost 360K and only had...
by: p1nqdave
02/28/05 06:56 pm
I had 20k I picked up at 25.60 in jan, I am retired and thought I made a great buy for my 401k, now I have lost half of my retirement funds and face a 50k margin call as best as I can figure, I will have to return to work after 3 short year of retirement my social security is not enough to keep me above water I will lose my home as some of the money I had in eln was from a home equity loan, I FEEL THIS IS THE END FOR ME, IF I DECIDE TO STAY ON THIS EARTH I WILL BE THE MOST SUPRISE, MY GOD WHY HAVE YOU FORSAKEN ME!!!
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Re: Lost 360K and only had...
by: whattheckwuztat
02/28/05 09:06 pm
Take a loan out against your house and average down!!!!!!!!!!!!!! sell your wifes wedding ring,sell the furniture the car,the dog,cat,fish etc..... this is just a shake-out...look at what happened to CYBX,ELN will be back!
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THEY TOOK MY GE STOCK
by: falcon_phan08 (42/M/Atlanta,GA)
02/28/05 08:58 pm
AND EBAY SHARES..
charles schwab stole my money. !!!!
they didnt call me today.
i just find out now what happpened.
I AM FUCKIN GOING TO KILL MYSELF
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Do not pay your Margin Calls! Listen
by: ezdeek
02/28/05 09:39 pm
If you are about to owe your brokerage serious money then I am telling you NOT TO PAY. Let me know how to get in touch with you and I will walk you through the Bankruptcy process step by step. Don't be a sucker to the casino.
If this drop today is going to seriously affect your lifestyle then I can help you. Don't make matters worse by settling up with your broker. Save yourself.
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Lost my life savings
by: mindchinese
02/28/05 10:16 pm
Bought 4000 shares on recent breakout of $29. Now, all my money is gone. This IS FUCKED!
What can I do now? How can I tell my wife? Suggestion anyone?
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First disillusion then anger
by: beldar59
Long-Term Sentiment: Strong Buy 02/28/05 10:35 pm
I was as shocked as every other long who was wacked today. When I first checked the pps I did not believe what I saw. OK I said and I employed my doomsday investment scenario to pre-empt margin call. Then read as much as I could about the situation….
Then I consider the numerous shorts prancing like demons in the fire and ash. Cohorting with the likes of the proud father who adopted the sign of the devil as part of his moniker and waltzing with the short whos id is graphic child pornography. ANYONE WHO POSTED TO SUPPORT THESE OR ANY OTHER SHORTS TODAY HAVE PLACED THEMSELVES IN LEAGUE WITH THE DEVIL. PLAIN AND SIMPLE. YOU KNOW WHO YOU ARE.
I'd rather be down a boatload of cash than to sell my soul for price you all were paid.
The science helps MS sufferers. STRONG BUY.
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Re: First disillusion then crazy
by: dickbrain5440
Long-Term Sentiment: Strong Sell 02/28/05 10:42 pm
Hate to break it to you but you don't invest to support science. that's what charity is for. You invest to make money. the shorts who were luckier than you aren't satanic, they're fucking WINNERS. You, my friend, are too deluded to be in this game. I give u a matter of weeks before you become a catfood-eating manic street preacher. Then you'll probably go to jail.
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Re: First disillusion then crazy
by: beldar59
Long-Term Sentiment: Strong Buy 02/28/05 11:05 pm
I invest in promising technologies. In biotech the promising technologies are designed to help humankind. My penchant for prayer is in direct opposition to your penchant for calling yourself a dickbrain and for justifying mr. 666 and the baby raper. You must make your mother proud. I will even say a prayer for you.
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Re: First disillusion then crazy
by: dickbrain5440
02/28/05 11:08 pm
And I'll pray that you go fuck yourself, you sick freak.
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BOBNMICHIGAN..........YOU LIEING PIECE
by: lickinurpussy
Long-Term Sentiment: Buy 02/28/05 11:34 pm
OF SHIT, I HAVE READ YOUR CRAP ON THIS BOARD FOR 2 YEARS. WHEN YOU SAY BUY THE STOCK GOES DOWN, WHEN YOU SAY SELL THE STOCK GOES UP. YOU HAVE NO CLUE. YOU ARE A CONTRARIAN INDICATOR. BOB, GO FUCK YOURSELF IN THE ASS WITH A 15 INCH DILDO.
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Re: I Lost My Life Savings
by: williamgrenner
03/01/05 02:19 am
My father also committed suicide when I was eleven and I agree with all of your comments. The pain never goes away -- I found him too. I can't tell you how despondent I am over losing my life savings as well but we have to move on. For a guy like me who grew up fatherless and put himself through school I should have known better than to swing for the fences with that much money. How long will it take to rebuild 360K I don't know, but I will feel the warm sun tomorrow and, like you, keep bouncing back a little wiser.
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Smith Barney ups ELN
by: dqups
03/01/05 05:26 am
4:34am 03/01/05
Smith Barney ups Elan on Tysabri's likely return to mkt (ELN, BIIB) By Aude Lagorce
LONDON (MarketWatch) -- Smith Barney Citigroup upgraded pharmaceuticals company Elan Corp. (ELN) to "hold" from "sell"….
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HOW DO I JOIN CLASS ACTION SUIT
by: floooridian
Long-Term Sentiment: Strong Sell 03/01/05 07:36 am
TIA
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GET your lost MONEY back
by: whatchoutbro
Long-Term Sentiment: Strong Buy 03/01/05 02:07 pm
look at VASO
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Lost 55K, My Wife slapped me hard
by: totisand
03/01/05 07:20 pm
and scolded not to gamble anymore on stock markets. I was trying to shy away on phone when the broker called me to take care of the margin call in the morning. I left the room , however she heard the panic in my voice and figured out something is screwed up.
I had to let her know finally and she slapped me hard. I had lost 140K during bubble times and that's like a fucking pain in my life. I have bee working hard, daytrading and trying to recover those losses. However everytime I gamble big I get a big kick in the butt and lose more money. This is vicious circle and causing more losses. I just can't get away from that 2000 crash loss and it's becoming like an OCD syndrome. The more I try hard, more I lose. I am still living in rental.
I wonder if I had bought real estate with that money in 1997-1998, I would have doubled my money. This causes even more pain. The stock market is so fucked up, you just can't trust anything and it's all your FATE
I am cursed by god that I will anver make money in stock market and lose more
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PREDICTION: SHORTS DRINK MY CUM!!!!!!!
by: ibuyfromscaredmutts4bank
Long-Term Sentiment: Buy 03/01/05 09:24 pm
AT $19.25
LOL F U BOILER ROOM BASHERZ IM ON TO YOUR STRATEGY OF OF "BASH AND BUY"
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"IF"..........
by: thefireblade (49/M)
Long-Term Sentiment: Buy 03/01/05 10:08 pm
This was the most valuable present I ever got.
From my late Dad. Written in his own hand to me, on my 21st birthday. (A while ago I should add). Originally composed by Rudyard Kipling.
Kind of appropriate at this critical juncture.
Rudyard Kipling
“If”
If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or, being hated, don't give way to hating,
And yet don't look too good, nor talk too wise;
[deleted; you know how it goes...–ed.]
…Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man my son!
Best wishes.
Fireblade
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Re: "IF"
by: fightsfires2004
03/01/05 11:31 pm
IF my grandpa had boobies he'd be my grandma!!!
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FGL was a Columbia student when the market crashed in 1929. He later described walking through Wall Street’s “limestone canyons” during the crisis: “A rabble of dead money went sliding off into the sea. Ambulances collected suicides whose hands were full of rings….”
I love that quote. I thought of it the other day when I started reading through a torrent of message board posts written during a classic stock blow-up. It all started on Monday, Feb. 28, when two drug companies, Biogen and Elan, suspended a promising MS drug, Tysabri, because two patients had died. Both of the stocks tanked immediately, and before the day was over, Elan had lost about 70% of its value. That night, I happened to look at the ELN message board on Yahoo!Finance, and soon became obsessed with the saga as it played out in thousands of harried posts. There were a lot of suicide threats. There were nauseating personal train-wreck stories. There was a fair bit of abject panic. There were sincere messages of consolation, desperate pleas to God, messages of hope, and lots and lots of vicious insults.
Then there was the advice. The top piece of advice seemed to be to hold on for “the long term” and/or to buy yet more ELN stock. The second-place piece of advice appeared to be a tie between (1) not to pay brokers the money they were due from all the margin calls, and (2) to sue ELN. In third place (by my rough count), was not to commit suicide. Last by a long shot, there were a couple of reminders not to place all of one’s money in a single stock, on full margin, especially when you are (make that were) about to retire.
Below is a selection of posts from the first 24 hours of the crisis. There were far too many to choose from, so this is a somewhat random selection. The overall progression of posts is (to me, at least) a weirdly compelling portrait of human psychology in a moment of confused online despair. Here, on display, is a full panorama of panic, massive financial loss, desperate hope, depression, shock, sadism, sarcasm, poor judgement, aggressive piety, blackest hate, good humor, and an absurd level of denial.
All in all, it's both sad, and kind of funny. Technically, I think that makes it poetic, and I'm sure FGL would have appreciated the effort I went through cutting and pasting all this crap.
Without further ado:
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I AM DESTROYED !!!
by: crazyturtle999
02/28/05 10:00 am
sll my savings was in this stock i also had margin , lost all my savings damn i am still in shiock denial
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I JUST LOST MY HOUSE AND WIFE.
by: sundaeboy2001
Long-Term Sentiment: Strong Buy 02/28/05 11:06 am
33
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I lost my life savings my wife is going
by: searchingforthetruth2001
02/28/05 10:23 am
to kill me.
what should I do?Please anyone.
god help me.
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PLEASE JOIN ME IN PRAY
by: judgeoffacts
02/28/05 10:40 am
LET US BOW OUT HEADS AND PRAY
LORD PLEASE HELP THE LONGS
WE DO NOT DESERVE THIS
LET A MIRACLE HAPPEN.
PRAISE THE LORD.
BLESS YOU ALL FOR PRAYING
WITH ME.
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STRONG STRONG BUY...
by: bill021 (M/MA)
Long-Term Sentiment: Strong Buy 02/28/05 12:09 pm
Great info from CC.
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I have been wiped completely out...
by: knewcomer1
02/28/05 01:33 pm
and still owe schwab money. This is the terrible lesson with margin. I've sold all stock, and options and still owe money. How depressing.
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Adios Amigos
by: postbusters (48/M/Honolulu, Hawaii)
02/28/05 01:43 pm
Sorry that it had to end this way for many. … This has cost me dearly, going from $150K profit to over a $400K loss. Will be refinancing the house and delaying retirement plans. Hope others were able to do better than me in that regard.
A tough pill to swallow, but the sun will come out again tomorrow and as long as breath is in your body there is no reason to surrender.
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If you bought high, average down now
by: ohhh_yes_yes_yes
02/28/05 01:49 pm
$8s are very safe bet, in a few days it will recover. Also get soem MIKR, MIKR will announce earnings in a few days, MIKR went from $4 to $14s on its last earnings. Now sitting at $7, it is ready to give you a 100% soon.
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If every of us buy 20, 000 shares then
by: enoughisenough1234
Long-Term Sentiment: Strong Buy 02/28/05 02:05 pm
shorts will be squeezed, am I right? that's exactly what I am going to do now. I believe the risk is small the rewards will be huge and many will follow me.
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Have some balls and get rich here!
by: suckersumac
Long-Term Sentiment: Strong Buy 02/28/05 02:09 pm
Someone will pull a rabbit out of their hat soon. Keep shorting all you worthless cocksuckers. You'll pay dearly soon.
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Can anyone drink some Jameson with me?
by: loadedandbloated
02/28/05 02:15 pm
Please, I've had 1/2 a bottle and need help polishing off the rest. I feel I am doing my civic duty as a shareholder of Elan and an admirer of the motherland.
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MORGAN STANLEY REMAINS OVERWEIGHT!
by: donjauncarlo (48/M/santa domingo)
Long-Term Sentiment: Strong Buy 02/28/05 02:50 pm
THEY SAY THEY WOULD BE BUYERS OF ELN AT CURRENT PRICES!!!
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i just awoke. what happened?
tia
by: wearingbuffit
02/28/05 02:55 pm
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$349,545 down the pucking drain...
by: williamfrancisiii
02/28/05 03:17 pm
someone should die.
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Re: $349,545 down the pucking drain...
by: greg_dutch (36/M)
02/28/05 03:18 pm
sew the bastards
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HUGE RECOVERY INTO CLOSE!!!!!
by: tumbler478
Long-Term Sentiment: Strong Buy 02/28/05 03:19 pm
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ELN now starring in GaY porno
by: blutospeaks
02/28/05 03:24 pm
painful to watch
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god help us all......my college funds
by: nicepompoms
02/28/05 03:33 pm
for 3 kids is now gone...
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Re: Elan
by: wizardom2000
02/28/05 03:41 pm
My wife has given me a big hug. She tells me she did not marry me for money. She told me not to be on margin, and I partially listened to her, easing off margin, but not enough. This is a half million lack of judgement on my part, not listening to my sweetheart. She has been right before. Now I have to come up with money I do not have to pay a margin deficit. I am writing this to pass it on to those of you who may listen, not so you feel sorry for me. Margin, even a little, can be a crusher. You think you have time to protect yourself. There was no time this morning to bail out.
My wife is an angel. She's everything to me and I wanted to win her the sky to fly in. She says she has me, and that's enough. It is enough for me to have her. We just won't retire and play. She deserves to have some play time, but we'll work and play in our working together. My margin greed colored my perspective once again and I did not have my values in balance. Good lesson. If it helps someone here, I am happy. Bye. Wiz
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Re: Long east sh!t Shorts eat Lobsters.
by: jpbb03
02/28/05 03:58 pm
I made 120,000 on this stock, but I still feel for others. Stop being a douchebag.
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I am happy you longs lost your ass
by: ass_rape_in_progress (666/M)
Long-Term Sentiment: Strong Sell 02/28/05 04:22 pm
and i was not even short eln.
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Goodbye world
by: changb29
02/28/05 04:24 pm
I will kill myself tonight.
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I don't feel too good right now
by: loadedandbloated
02/28/05 04:26 pm
When the booze wears off I'll be looking at a major hit in my Schwab account. Not funny.
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$502,012
by: waspeaceforall (46/M/Boston area)
02/28/05 04:58 pm
loss to the penny. Lost dreams. Lost sense of independance that 502,012 more in liquidity gives one.
But my family is safe and healthy, I earn a good living. My wife's support is unwaivering.
I still can't beleive it.
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any girls want to make good money
by: sling_schlong (19/M/San Diego, CA)
02/28/05 05:33 pm
you will have to do some pretty disgusting stuff to my body parts.
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How am I going to face my wife????????
by: queenscojoe
02/28/05 05:57 pm
I feel so terribly ashamed
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Re: How am I going to face my wife??????
by: ass_rape_in_progress (666/M)
Long-Term Sentiment: Strong Sell 02/28/05 05:58 pm
just do her from behind
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Lost 360K and only had...
by: williamgrenner
02/28/05 06:41 pm
250K in equity. I know you will all say I was an idiot and I feel like one but I have been in and out of this stock for years and really felt I could appreciate the risk. I loaded up 20K share on margin only after the two approvals, the SEC resolution, and the Barron's endorsement of a double. Merrill forced me to liquidate today and I owe them 112K. This has almost killed me emotionally, and while it is only money, I clearly lost more than I could afford or have ever imagined. Five years of trading profit gone in minutes this morning. I never should have margined; I should have diversified, and I should have my head examined for not seeing the signs that Elan refused to respond to all of the recent good news. There was something lurking and to see that this morning was more than devestating. I have no capital to re-build. Christ this hurts.
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Re: Lost 360K and only had...
by: elanjuice
02/28/05 06:48 pm
You are not alone. I am praying for a miracle. I truly need one. Thank God for my faith. It gives me courage and stability in times like this; although, I must say, I have never experienced anything quite like this. I am in your exact situation. After my account is liquidated, I owe 90,000. And I have no idea where it will come from. Wishing you better days ahead.
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Re: Lost 360K and only had...
by: p1nqdave
02/28/05 06:56 pm
I had 20k I picked up at 25.60 in jan, I am retired and thought I made a great buy for my 401k, now I have lost half of my retirement funds and face a 50k margin call as best as I can figure, I will have to return to work after 3 short year of retirement my social security is not enough to keep me above water I will lose my home as some of the money I had in eln was from a home equity loan, I FEEL THIS IS THE END FOR ME, IF I DECIDE TO STAY ON THIS EARTH I WILL BE THE MOST SUPRISE, MY GOD WHY HAVE YOU FORSAKEN ME!!!
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Re: Lost 360K and only had...
by: whattheckwuztat
02/28/05 09:06 pm
Take a loan out against your house and average down!!!!!!!!!!!!!! sell your wifes wedding ring,sell the furniture the car,the dog,cat,fish etc..... this is just a shake-out...look at what happened to CYBX,ELN will be back!
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THEY TOOK MY GE STOCK
by: falcon_phan08 (42/M/Atlanta,GA)
02/28/05 08:58 pm
AND EBAY SHARES..
charles schwab stole my money. !!!!
they didnt call me today.
i just find out now what happpened.
I AM FUCKIN GOING TO KILL MYSELF
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Do not pay your Margin Calls! Listen
by: ezdeek
02/28/05 09:39 pm
If you are about to owe your brokerage serious money then I am telling you NOT TO PAY. Let me know how to get in touch with you and I will walk you through the Bankruptcy process step by step. Don't be a sucker to the casino.
If this drop today is going to seriously affect your lifestyle then I can help you. Don't make matters worse by settling up with your broker. Save yourself.
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Lost my life savings
by: mindchinese
02/28/05 10:16 pm
Bought 4000 shares on recent breakout of $29. Now, all my money is gone. This IS FUCKED!
What can I do now? How can I tell my wife? Suggestion anyone?
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First disillusion then anger
by: beldar59
Long-Term Sentiment: Strong Buy 02/28/05 10:35 pm
I was as shocked as every other long who was wacked today. When I first checked the pps I did not believe what I saw. OK I said and I employed my doomsday investment scenario to pre-empt margin call. Then read as much as I could about the situation….
Then I consider the numerous shorts prancing like demons in the fire and ash. Cohorting with the likes of the proud father who adopted the sign of the devil as part of his moniker and waltzing with the short whos id is graphic child pornography. ANYONE WHO POSTED TO SUPPORT THESE OR ANY OTHER SHORTS TODAY HAVE PLACED THEMSELVES IN LEAGUE WITH THE DEVIL. PLAIN AND SIMPLE. YOU KNOW WHO YOU ARE.
I'd rather be down a boatload of cash than to sell my soul for price you all were paid.
The science helps MS sufferers. STRONG BUY.
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Re: First disillusion then crazy
by: dickbrain5440
Long-Term Sentiment: Strong Sell 02/28/05 10:42 pm
Hate to break it to you but you don't invest to support science. that's what charity is for. You invest to make money. the shorts who were luckier than you aren't satanic, they're fucking WINNERS. You, my friend, are too deluded to be in this game. I give u a matter of weeks before you become a catfood-eating manic street preacher. Then you'll probably go to jail.
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Re: First disillusion then crazy
by: beldar59
Long-Term Sentiment: Strong Buy 02/28/05 11:05 pm
I invest in promising technologies. In biotech the promising technologies are designed to help humankind. My penchant for prayer is in direct opposition to your penchant for calling yourself a dickbrain and for justifying mr. 666 and the baby raper. You must make your mother proud. I will even say a prayer for you.
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Re: First disillusion then crazy
by: dickbrain5440
02/28/05 11:08 pm
And I'll pray that you go fuck yourself, you sick freak.
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BOBNMICHIGAN..........YOU LIEING PIECE
by: lickinurpussy
Long-Term Sentiment: Buy 02/28/05 11:34 pm
OF SHIT, I HAVE READ YOUR CRAP ON THIS BOARD FOR 2 YEARS. WHEN YOU SAY BUY THE STOCK GOES DOWN, WHEN YOU SAY SELL THE STOCK GOES UP. YOU HAVE NO CLUE. YOU ARE A CONTRARIAN INDICATOR. BOB, GO FUCK YOURSELF IN THE ASS WITH A 15 INCH DILDO.
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Re: I Lost My Life Savings
by: williamgrenner
03/01/05 02:19 am
My father also committed suicide when I was eleven and I agree with all of your comments. The pain never goes away -- I found him too. I can't tell you how despondent I am over losing my life savings as well but we have to move on. For a guy like me who grew up fatherless and put himself through school I should have known better than to swing for the fences with that much money. How long will it take to rebuild 360K I don't know, but I will feel the warm sun tomorrow and, like you, keep bouncing back a little wiser.
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Smith Barney ups ELN
by: dqups
03/01/05 05:26 am
4:34am 03/01/05
Smith Barney ups Elan on Tysabri's likely return to mkt (ELN, BIIB) By Aude Lagorce
LONDON (MarketWatch) -- Smith Barney Citigroup upgraded pharmaceuticals company Elan Corp. (ELN) to "hold" from "sell"….
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HOW DO I JOIN CLASS ACTION SUIT
by: floooridian
Long-Term Sentiment: Strong Sell 03/01/05 07:36 am
TIA
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GET your lost MONEY back
by: whatchoutbro
Long-Term Sentiment: Strong Buy 03/01/05 02:07 pm
look at VASO
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Lost 55K, My Wife slapped me hard
by: totisand
03/01/05 07:20 pm
and scolded not to gamble anymore on stock markets. I was trying to shy away on phone when the broker called me to take care of the margin call in the morning. I left the room , however she heard the panic in my voice and figured out something is screwed up.
I had to let her know finally and she slapped me hard. I had lost 140K during bubble times and that's like a fucking pain in my life. I have bee working hard, daytrading and trying to recover those losses. However everytime I gamble big I get a big kick in the butt and lose more money. This is vicious circle and causing more losses. I just can't get away from that 2000 crash loss and it's becoming like an OCD syndrome. The more I try hard, more I lose. I am still living in rental.
I wonder if I had bought real estate with that money in 1997-1998, I would have doubled my money. This causes even more pain. The stock market is so fucked up, you just can't trust anything and it's all your FATE
I am cursed by god that I will anver make money in stock market and lose more
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PREDICTION: SHORTS DRINK MY CUM!!!!!!!
by: ibuyfromscaredmutts4bank
Long-Term Sentiment: Buy 03/01/05 09:24 pm
AT $19.25
LOL F U BOILER ROOM BASHERZ IM ON TO YOUR STRATEGY OF OF "BASH AND BUY"
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"IF"..........
by: thefireblade (49/M)
Long-Term Sentiment: Buy 03/01/05 10:08 pm
This was the most valuable present I ever got.
From my late Dad. Written in his own hand to me, on my 21st birthday. (A while ago I should add). Originally composed by Rudyard Kipling.
Kind of appropriate at this critical juncture.
Rudyard Kipling
“If”
If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or, being hated, don't give way to hating,
And yet don't look too good, nor talk too wise;
[deleted; you know how it goes...–ed.]
…Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man my son!
Best wishes.
Fireblade
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Re: "IF"
by: fightsfires2004
03/01/05 11:31 pm
IF my grandpa had boobies he'd be my grandma!!!
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posted by HAKKIN£N!!!!!!!!!!!!! at 23:53
1 comments
