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Has Vic's lawsuit against the CME been resolved yet? Last I heard, which
was sometime back, it was still pending.
-----Original Message-----
From: Research Dept. [mailto:research@xxxxxxxxxxxxx]
Sent: Friday, May 04, 2001 1:51 PM
To: Levent Erbora
Subject: [RT] WOW! Niederhoffer move waz >EL Wave / Voodoo
Hello Levent,
i like and admire the man and belive that he did everything right -
except his outlook or lack of it for a catastrophe. he was a victim of
a little known rule that says the exchanges can increase upon demand
margins and make them retroactive. by the time they figured out he
was in trouble he was no longer in trouble. but they went back and
made him pay anyway. essentially the exchanges stole from hard working
people - their money because of a technically. like saying oh you sob
you almost killed me with that (whatever scenario) now i'm going to
justifiably hunt your ass down and kill you and your whole tribe of
investors.
LE> That is exactly what I said to myself right after I read his nihilistic
and
LE> arrogant tome of a book.
LE> And I had read it a short time before he went bust :-)
LE> Regards,
LE> Levent
--
Best regards,
Research mailto:research@xxxxxxxxxxxxx
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