Early Warning System For Wall Street Traders: Market-Moving Data Surveillance and Retrieval
Traders Magazine, March 2001
On June 5, 1995, David Leinweber, then a quant at First Quadrant, was short 250,000 shares of Lotus Development Corporation. That day, IBM launched a hostile takeover bid for the software developer. Lotus' stock price doubled and Leinweber took a bath.
"That was not a good bet," Leinweber recently reminisced.
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