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Non-Tech : The Critical Investing Workshop
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To: Dealer who wrote (11269)4/5/2000 11:57:00 PM
From: Dr. David Gleitman  Read Replies (1) of 35685
 
Greetings Dealer:

I got whacked today!!!

I thought I was able to dodge the margin call bullet. I spoke too soon. Got a call from Schwab indicating that I was beyond margin call (Thanks alot Tuesday- with your 600 point Naz Swings), I was placed in "risk management" and had to do something immediatly. I had to cut my postition on RMBS, JDSU and punch out of ELON and sell calls for nearly the rest of my positions. Very sobering indeed. I might have been able to have salvaged myself by placing all of my CC deep into leapland, but I feel uncomforatable being married to it (or anyone else for that matter). Well, now to rebuild my positions... Maybe we can do a telethon on the porch.

Best regards,

David
Margin rehabilitation prisoner #49525
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