W***n
发帖数: 11530 | 1 Trader calls off appeal for help with $106,445.56 E-Trade debt
MarketWatch
By Victor Reklaitis 14 hours ago
‘I will not be shorting low float stocks ever again’
Joe Campbell, the trader who asked for help with a $106,000 debt due to a
short bet that went wrong, has stopped requesting money on his GoFundMe page.
Campbell has ended his campaign on the fund-raising website after getting $5
,310 in donations.
“I’m taking the GoFundMe posting off, over $5,000 is unbelievable and will
go a long way towards this debt,” the trader writes on the website. “It
is far more than I ever thought I would get by doing this page.”
The GoFundMe page currently shows the campaign had a goal of $5,000 and
exceeded it by $310.
Campbell had said he went to bed Wednesday evening with some $37,000 in his
trading account at E-Trade, holding shares in KaloBios Pharmaceuticals (KBIO
) short overnight. His bet that the stock would fall turned into a trader’s
worst nightmare. The shares soared after Martin Shkreli, the Turing Pharma
CEO who’s been accused of price gouging, took a majority stake. That left
Campbell in debt to E-Trade — $106,445.56 in the hole. Shrkeli has now been
named chairman and the company said it has secured at least $3 million.
Campbell’s plea for money drew lots of flak, with comments such as “this
type of digital begging is ... pathetic.”
“While it is hard to read the bashing messages, its great to see all the
awesome people out there willing to help out and sent encouraging messages,
” Campbell writes in his new post (grammatical errors his).
“I am hopeful that everyone learns from my expensive lesson and that you
all take care so that it does not happen to you ever!”
And everyone can probably agree that it’s good to hear this now infamously
unsuccessful trader reveal a shift in approach: “Also for the record — I
will not be shorting low float stocks ever again!”
Here’s the full new post by Campbell on his GoFundMe page that declares an
end to his fund-raising effort:
Read more: Help! My short position got crushed, and now I owe E-Trade $106,
445.56 And see: Why you should never short-sell stocks
Victor Reklaitis is a London-based markets writer for MarketWatch. Follow
him on Twitter @VicRek. | W***n
发帖数: 11530 | 2 Looks like he should hold himself the most responsibility for his action.
Short carries unlimited risk! | W***n
发帖数: 11530 | 3 He's damn lucky to get more than 5 grands from strangers | p******e
发帖数: 17163 | 4 Damn, I'll be happy if I can get 500 |
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