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Montanore

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Montanore

Re: beenhadbefore post# 4734

Sunday, 10/31/2021 12:41:59 AM

Sunday, October 31, 2021 12:41:59 AM

Post# of 44675
I know a lot of longs were wiped out by margin, but I'm not sure about the shorts. In those days they often had to cover by gaining the certificates in hand--which led to some tremendous short squeezes when the longs refused to relinquish them.

Can you imagine if that happened today? DWAC would bankrupt a heck of a lot of hedge funds.

A nation of sheep will beget a government of wolves. — Edward R. Murrow

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