Quote:
Originally Posted by green80
more of a myth than a reality, however there are a few syndicates around. It's only a bad when they are on the same horse that you are on.
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The whales are not "syndicates."
"Syndicate" implies a bunch of guys got together and pooled resources. Not true.
They are typically single owner corporations (although there may be partners who hold minor position), with a lot of employees. (The smallest is reputed to have 45 employees and the largest 175.)
There are 6 that I am aware of that wager upwards of $100m each.
Probably another 50-75 that wager between $25m and $100m, but that is shear guesswork on my part.
