Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 34.56

-2.7%

3:53 PM EST

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To: Sonny McWilliams who wrote (25721)	3/30/2000 1:25:00 PM
From: Gerald Walls	Read Replies (1) of 27012

It looked quite a bit more civilized this morning but some of those high flying techs are being hit pretty severely. If that's not a buying opp. I don't know what is. Glad I reduced my margin a while back so at least I don't have to worry about that. I think margin calls may have a snowballing effect. Cramer's calling this a margin-call-induced selloff. He points out that the previous ones were great buying ops and believes this one will be too. In one of his columns today he quotes from an email he received: How brutal can this process be? How about this little confessional I got last night from a manager of a brokerage firm about my recent tirade against margin: "I am the bad guy when the clearing corporation calls me with a list of victims in the a.m. as they will today. I will tell people that they must pony up the dough by 3 p.m. ... The list [of Nasdaq names that must be sold] will be massive Thursday because a lot of stocks that have higher than 50% [margin] requirements got bashed yesterday ... The opening here will be ugly, as well as every other retail trading office/desk."

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