Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: lee kramer who wrote (89535)	3/21/2000 5:35:00 PM
From: Doug Robinson	Read Replies (2) of 120523

Lee, as you know, I'm all for measures that increase the minimum. I talked with several brokers in the past few days and lot's of the small tech players were getting margin calls. Most of them didn't have the cash to cover and were forced to sell their limited positions, just to meet the call. Why the heck they were buying on margin at those high levels without having any stops in place is beyond me. IMHO, if one is trading and hasn't been able to make $50K in the past year, they probably don't have the ability to trade on margin. If they think they are good enough and can prove it, they shouldn't have any problem getting a loan from the local bank, or from friends <gg>. Seriously, the requirement "that an the individual must provide further evidence that outweighs the inadequate capital risk" would allow those without the capital to be able to trade assuming they could meet it.

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