Just came home from ham, german potato salad, pees (while not all the "riligeeous", had to celebrate the ressurection of Jesus and I read...this.
If you play the stock market, you look at this thread in a different way. You use monies and own companies that you don't own and own them in spec. Especially if you trade in options.
If his intent was an "iron-clad" guarantee that this card could be sold in X amount of days for X amount of dollars, then the person not owning the card was in fact gambling, in which if the price extended beyond what he had hoped for part of the duo and he bailed, he would be in the wrong for sure.
Saying "Sorry guy, I can't come through" in not an option if you guarantee something. So if you pay $5,000 for the lot, you HAVE to agree to sell it to this gent for the agreed upon price.
I'm not saying what he did was right, nor is the practice, but if better prepared, with more disclosure (you disclosed jack from what I read), it could have benefitted both parties and this could have been avoided. Oh well, Happy Easter!
DanC
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04-04-2010, 05:15 PM
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