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Old 07-06-2005, 05:08 PM   #2643
Mmmm, Burger (C.J.)
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Quote:
Originally posted by Spanky
Yes I used to think that to. But one of me employees is a former option commodities trader and she told me that with the way commodities fluctuate and when people bet on margin there can be huge profits and losses. If you have ten dollars, borrow ninety, and bet 100, and you double your bet, you really have made $190 on a ten dollar bet. Of course it can happend the other way. What my employee thinks is that Hillary got lucky on a position, realized how crazy the whole thing is, and pulled out. Of course this all assumes she took positions on margin. Which I have never been able to verify.
I don't think anyone doubts that the profits weren't of the type one could earn in that area, esp. with margin (but even without). What people doubt is that Hillary really happened to "get lucky" on the position, and that's why it smells.

If she did in fact "get lucky" with that position, there were probably 10 other positions that she didn't get lucky with, but all of those were in someone else's name, and not transferred to her account, whereas the one gainer was transferred.
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