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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (64681)4/15/2000 4:39:00 PM
From: chowder  Read Replies (1) of 95453
 
Hello Slider! Nice post about margin. Like you I have more then one account, but with a little different twist. My core account is strictly a "cash" account. I don't want the temptation of margining my core holdings.

My trading account is a margin account, and I've been about 75% margined through this downfall without having a margin call. (Knocking on wood.) I have my margin account set up where a deposit is made into this account every month, whether it needs to be or not.

I have set my margin account up as any other bill, (mortgage, utility, phone, etc.), a payment goes in every single month. It's great insurance for those times like now.

Thanks for your insights!

dabum

EDIT: Slider we posted at the same time. I was referring to the use of margin, regarding Sarge's post. Fool caps? We need oilpatch caps!
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