Name: Anonymous 2006-05-01 22:20
Hi, I am Alexander Moot (not my real last name, pronounced as one word) and I short-sold stock in BP and Shell the moment Katrina became a serious threat. Short selling is a type of share that you sell on a margin and "buy" back with your own money later on. For instance a company's share value is $2, you sell stock you don't own yet on a margin and make $2 on a margin (not yours to keep yet), if later on the company's value falls to $1 you can buy the share at a lower price than you sold it on a margin and collect the profit, in this case a crisp $, something many people dedicate their lives to the acquisition of and something to be respected.
I had watched the situation closely since it's conception, decided to invest a little since I knew I was going to make something. I was exstatic when I saw the devastation! I knew I was going to make a decent profit, but not this much! I spent approximately 90 minutes making the transactions and I haven't given a dime in charity to Katrina victims. Which means for a brief moment I was making around 12000 dollars an hour and doing more good for the economy than most of you would do in 6 months! I am a hero.
You have had the honour of being embued with wisdom from Alexander Moot (not my real last name, pronounced as one word).
I had watched the situation closely since it's conception, decided to invest a little since I knew I was going to make something. I was exstatic when I saw the devastation! I knew I was going to make a decent profit, but not this much! I spent approximately 90 minutes making the transactions and I haven't given a dime in charity to Katrina victims. Which means for a brief moment I was making around 12000 dollars an hour and doing more good for the economy than most of you would do in 6 months! I am a hero.
You have had the honour of being embued with wisdom from Alexander Moot (not my real last name, pronounced as one word).