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Non-Tech : The Critical Investing Workshop

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To: elpolvo who wrote (7235)3/13/2000 1:00:00 PM
From: Voltaire  Read Replies (6) of 35685
 
NO SUCH THING AS A MARGIN CALL

TELL THEM TO KISS YOUR ASS!

1. Investor holds 2,000 shares of QCOM.

2. Get's a margin call for $10.00 per share or $20,000.

3. Investor tells mealy mouse broker to sell 20 contracts on the QCOM Oct. 135's paying about $30.00 per share.

4. He places $10.00 in the grubby little brokers hands and as the grubby little schmuck is about to giggle you tell him you are not through with him yet!

5. The investor now instructs the grubby little field mouse to take the $40,000 he has received over and above his margin call and have his filthy little House match it for a total of $80,000, thank you very much.

6. Instruct the slime ball to buy 900 shares of ELON at about 88$ per share.

7. Then instruct the maggot to write the April 9's on Elon paying about $15.00 or $13,500.

NOT ONLY DID YOU MEET THE MARGIN CALL -

a. You did it without selling any of your vehicle.

b. Even though covered should the stock rise, you will realize approximately a third of such rise in your equity.

c. You took their money and made an additional $13,500 for about 5 weeks or if you wish, just consider yourself now employed by the brokerage company making about $160,000 annually on their own money, on just this portion of the move alone!

When stock corrects, buy the calls back from appreciative value.

Again, tell em -----------

Voltaire
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