Laser Vision Centers, Inc. (NASDAQ: LVCI) Message Board

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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

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To: Xavier who wrote (13)	4/8/1997 11:09:00 PM
From: Jim Mac	of 413

Is that a public company? Buying on margin is when you borrow money from the broker. For example, if you want to buy $20,000 of stock, but you have only $10,000, you can put up half, and the broker (Waterhouse Securities, for me) puts up the other half. The broker then charges interest on the borrowed money, about 8% currently. It's a good deal if your stock goes up soon, but can give you an ulcer if it goes south. Your investment can go down 15% before broker makes a "call" for more collateral. It's kind of risky, but you can make a lot of money really fast. I don't recommend it. I kind of regret doing it. You have to be very sure your stock won't be too volatile, or at least don't string yourself out on too much margin. I got a little overextended. Got a little greedy, I guess.....I'm off margin now, but may get back on in the future, only more conservatively and selectively....

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