Ford Motor Company (F)

[furthur72]

Funny story I found on another board..........

-FURTHUR

OH yeah Let me tell you the Boston Story - July 2000

This will make your skin crawl.

I turned my $1,000 trading account into $120,000 like a lot of other fools and by July 2000 I was flat broke again and out of work also with my recent 6 month severence blow also on golf clubs memberships and some bad nights at the casino.

So I am in Boston for a job interview but I am traing CGX eneregy the day before symbol OYL.U on the TSE.

I am trading more that I should I am in for about $8k or something and near close I decide to sell it and I buy more as it dips to .88 or something and I have ten minutes to correct it and since there is only 4k in the acct and no lines of credit or anything to use for a day I just get stoopid and let it ride and worry about the money in 3 days LOLOL

so I alsi kinda forget im off to Boston in the mroning but finally when I click in I decide to get SMART - I place stop loss orders but at Scotia the stop loss cannot trigger a market sell it can only trigger a sell with a limit so you must place a sell limit price in addition to the stop. So I place my stop loss at .68c with a limity of .50 - plenty safe.

That night their off shore drilling rig they plowed everey cent into gets towed away by the ssuriname Navy.

The stock OPENS at so you are saying OH well I am out a lot of that $16k or whatever it was but NOOOOOOOOOOOO I had othe buys in at .35 whish is where it opened - I am now in for something like $35,00 in total and am $31,000 short in paying.

EDIT - while in Boston I get back to the airport to go home at noon and no internet terminal or anything just phones - My plane gets delayed 7 hours - I got so stinky drunk at the bar its amazing they let me on the plane

Now I am extremely hung over for the DAY after so what do I do - see below

The stock goes immediately to .15 so I am in a loss for 30 of my 35 k - MY buys are stuill being filled by broker so I just do what deperate people do - I buy another 1000,000 shares for $15,000.

At this point I am assuming I have lost the house and as a direct result my wife and family. The stock gets back to .30 shortly and when it was all said and done I made $1,000