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Strategies & Market Trends : MARGIN - Do's and Don'ts

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To: YlangYlangBreeze who wrote (31)12/26/1999 4:40:00 PM
From: Dale Baker  Read Replies (1) of 35
 
I'm not the person to ask, unfortunately. I never go more than 20% margin on the long side. For now, I have no margin outstanding at all.

Since you have done so well with one of the best stocks of the year, take some profits, get your margin under control and sleep better at night.

Pigs get fat, hogs get slaughtered. Go out and buy something nice for someone you love and enjoy your good fortune.

For specific questions, ask your broker directly. It's possible you can stall through this week and not get stuck making the sale in 1999. In the worst case, they will sell of some of your QCOM to get your account back in compliance.

Better to do it yourself and not become a problem account.

I am not a financial professional; please consult one before you act.
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