SI
SI
discoversearch

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.
Non-Tech : The Critical Investing Workshop
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Voltaire who wrote (13281)4/14/2000 1:53:00 PM
From: CAtechTrader  Read Replies (1) of 35685
 
Volts, we are hearing of House liquidation of stock to meet margin calls without giving a 2nd call to the customer or even without giving a call...the online broker's phone lines are jammed and you can't get through (we tested a small account we have with an e-broker)"your call is important to us, please hold and a representative will be with you in a moment" ...45 minutes later..having the call on a speaker phone..we were still on hold having no one picking up yet...so customers can't get through, but the margin dept. liquidates you anyway, which is their right...read those margin agreements!...thus the most indiscriminate selling of all..that by the margin clerk..who cares not about what a security is worth, rather only covering the House's ass margin-wise. We are going to open a small "retail" account with an e-broker in the future and keep it margined, just so we can measure this phenomena directly ourselves in the future.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News