Canadian bank runs away from SCO [LWN.net]

Canadian bank runs away from SCO

Posted May 10, 2004 13:39 UTC (Mon) by ironhacker (guest, #11389)
In reply to: Canadian bank runs away from SCO by hamjudo
Parent article: Canadian bank backs away from SCO (News.com)

If the RBC "mystery client" had any brains, they would have shorted the stock at somewhere near $13.50. If they had NOT shorted the stock, there is no reason to let it slide from $20 all the way down to $6; the ejection handle would have been pulled at least two months ago. The loss of at least $7.50 per share has to be made up by one of the following factors:

1. Microsoft's alleged "We'll make up for any losses" program.
2. Shorting the stock (self-service version of option 1 above)
3. Microsoft's willingness to eat the loss directly (if they are the mystery client)
4. P.T. Barnum theory on the separation of fools and their money.

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