Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (46765)	4/9/2000 8:33:00 PM
From: Ross McEathron	Read Replies (1) of 94695

I haven't checked in here for awhile, so forgive me if I cover some ground that has already been covered, but last Tuesday was due in part to margin calls. We have had such a great market that margin usage was at a very high level. I had sent in some money for my 5 year olds college fund the week before and by Wednesday, when it still wasn't credited, I was on the phone with Datek screaming about it because I wanted to BUY!!! They basically said...sorry sir, we can't even keep up with crediting all of the margin calls at this point. I guess that took priority over new money coming in. It wasn't credited until Friday morning. Now, for the interesting part...where did all of the cash go in the meantime? When will it come back because it hasn't happened so far if you look at the volume since then...unimpressive to say the least. Will the people who got burned on margin do it again? Was it mutual fund 'cash' that saved the day on Tuesday? I don't think so. I haven't seen mutual fund cash levels lately, and the data is delayed anyway, but they have been staying pretty much fully invested as of late...correct me if I'm wrong...and I know someone will if I'm wrong <g> If we don't get some serious upside volume next week, I'm leaning towards another downside leg also. Till I see more evidence, I'm playing the long side too. Ross

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next