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To: marginmike who wrote (10921)	4/4/2000 4:32:00 PM
From: mtnlady	Read Replies (2) of 35685

Yep (no margin). I take it you never use margin? I had my margin down to 15% of my account and went on a shopping spree during these last two downturns. With buying on one hand (margin going up) and my portfolio taking it on the chin.. you can imagine it's tight right now. They have you comin or goin' though. Selling to reduce margin and 'lock in gains' in feb produced big tax bills. Still working on 'perfecting' this little 'game' for sure. I have to admit... I will use margin again. My goal right now is to sell into the highs coming up (and I'm reading up on options so that will be a tool to use as well) while holding on to a core group of stocks. Get margin down to 5-10% of my portfolio and then wait several days into the next drop before I pull the trigger. I started buying too soon this last time. By the way Mike I follow your posts. You have a great 'feel' for the market. Thanks for your posts.

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