Re:I owe Etrade $106k, ouch
by chad_strategic on Thursday November 19, 2015 @01:37PM
(#10596583)
This is a highly volatility stock, (because it's in the news right now) which a lot of retail investors are playing. News happened in the overnight that sent the shares soaring, then the algorithms sent the shares even more.
Basically, the trader was betting the company was going to go bankrupt, it went the opposite direction and he lost money.
Basically, the trader was betting the company was going to go bankrupt, it went the opposite direction and he lost money.