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Gold/Mining/Energy : Nuvo Research Inc

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To: Morag who wrote (9899)6/21/2002 6:00:15 PM
From: Montana Wildhack  Read Replies (1) of 14101
 
Morag,

The brokerage will probably tell you its the same day. I've
heard of this a number of times where someone is being told
they have to put the account right by end of day.

In this case with timing, anyone in this situation will
get a phonecall on Monday. If you ask to speak to the
credit department (call your broker) the odds are good you
can arrange decent time to settle.

I was in this situation about 2 years ago and I got 5
business days to clean it up. I mentioned to them what
I was doing to cover it and they were very nice about it.

(Incidently I sold about 1/2 the stock and covered the other
half with cash - but before my time was up, the stock moved
up sharply and I wouldn't have had to sell any. That was
DMX.)

Quite a shock today. The market maker I would have thought
would be more active with a sudden drop from 3.05 to 2.60.

Wolf
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