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Strategies & Market Trends : Angels of Alchemy

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To: johnsto1 who wrote (344)5/26/2000 7:41:00 AM
From: Wes Stevens  Read Replies (1) of 24256
 
I went to my dentist yesterday and got to talking about stocks. He is down 75% on the year. Got caught on margin when the market dumped last month. He is still on margin and has been getting almost daily calls for the last week. He asked me to look at his stocks. Lots of high tech high fliers that crashed and burned. He asked for advise and I told him to get off margin. His comment was " and sell half my stocks at these prices!". I told him the market could still go lower and he got white. The guy was truely scared, but not scared enough to get off margin.
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