Accountant blows £9 Million Spr-Betting

This is a discussion on Accountant blows £9 Million Spr-Betting within the The Foyer forums, part of the Off the Grid category; I wonder which lucky SB company he had his account with http://news.scotsman.com/latest.cfm?id=4046069 Nums...

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Old Jan 25, 2005, 5:36pm   #1
 
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Accountant blows £9 Million Spr-Betting

I wonder which lucky SB company he had his account with

http://news.scotsman.com/latest.cfm?id=4046069

Nums
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Old Jan 26, 2005, 6:15am   #2
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Quote:
Originally Posted by numspar
I wonder which lucky SB company he had his account with

http://news.scotsman.com/latest.cfm?id=4046069

Nums
Not bad - he lost 500,000 pounds in one three day period alone. Good to have 'outside' funds when you are traidng like that.
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Old Jan 26, 2005, 9:16am   #3
 
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****, ive been busted..


why did no-one tell me?
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Old Jan 26, 2005, 10:03am   #4
 
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A good warning tale.
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Old Jan 26, 2005, 5:29pm   #5
 
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...and in THOSE days 9m squid was a lot of money!

I'm probably one of the least risky people going - whatever I do I keep one foot (metaphorically) on the ground whilst reaching out with the other - but I can imagine this happening all too easily to anyone given the opportunity.... anyone like to bet he did it for the buzz as much as the money?
(no odds on that - I'm risk averse, remember <g>)
Dave
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Old Jan 26, 2005, 10:36pm   #6
 
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I liked the became so hooked he used the Internet up to 30 times a day while sitting at his desk at work bit - god knows what they'd say about some scalping day-trader who was making 30 trades a minute...
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Old Jan 26, 2005, 11:01pm   #7
 
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I only use it once most days,
I turn it on the first chance I get, and they prise my cold, seemingly lifeless fingers from the mouse in time to pack me off to bed when all reason has departed several hours later.
(A bit of an exaggeration really, reason's departure isn't something that usually takes all that long <g>)
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Old Feb 22, 2005, 5:47pm   #8
Joined Jan 2005
That's the equivalent of 45,000,000 LOSING trades at finspreads on their 1p per point newbie thing

(I'm assuming he put on a 20p stop loss.)

Not a lot of people know that

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Old Feb 22, 2005, 5:52pm   #9
Joined Aug 2004
You're in jail but still online, FC? "Ford Open" or somewhere, I suppose? ...
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Old Feb 22, 2005, 6:22pm   #10
 
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He handed his notice in after losing £9m, I think I would have transfered another million or two and left the country pretty quick. I hear Brazil is nice this time of year.
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Old Feb 22, 2005, 8:08pm   #11
Joined Aug 2004
I trust it was company money would not need to bet if it was his own
but you only hear the stories if they loose many more win but that not news
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