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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST

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To: Brian P. who wrote (45434)4/8/2000 5:16:00 PM
From: Benkea   of 99985
 
"How do you square this statement with the fact that one usually has at least three days to cover a margin call?"

That 3 days is a myth. Ask your broker. They can sell immediately without ANY notice when you get below requirements. Further, the LAW is 25% equity REQUIRES immediately liquidation. Many, if not most, were very close, if not at, margin call levels at Fridays close a week ago. By intraday Tuesday, they were very likely below the 25% level at least.
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