Thursday, July 3, 2014

Think You Understand the Market? How Much are You Willing to Bet?


When Frank Richards gets a hot tip and sells a tech company’s stock short, he’s sure he’ll make a killing-- until his broker calls. “You sold at eighty-five and a half,” his broker said. “I bought shares back at a hundred and ten.” Frank’s legs get rubbery. “That’s twenty-five dollars a share,” Frank said. “Right, times ten-thousand shares. I need you to make arrangements for payment. You’re way over your credit limit.” Frank is forced to get a loan from Elliott Spangler, a shady boxing promoter. Frank offers his home, car, and luxury boat as collateral, but they fall short on value. Spangler forces him to sweeten the deal... with his beautiful wife, Gail. 10,000 words

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