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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (30923)4/15/2000 7:37:00 PM
From: Mephisto  Read Replies (1) of 64865
 
Think about this. Total margin debt might actually INCREASE the next few days if unmargined or lightly margined accounts buy bargains on margin, and that could be
HEALTHY. It would amount to the transference of assets from weak to strong hands,which is what will ultimately turn this ship around.

It could! I hope I will have an opportunity to buy Sun and a couple of other stocks at fire-sale prices. I'll pay cash though.

For all I know, everybody could have been selling on Friday to AVOID getting a call, and the problem might be much less than assumed.

I wondered if the DOW took part of its hit on Friday because people expected margin calls.

Guess, we won't know, but we remain optimistic about Sun and other companies. (I say this as I sip a glass of Sancerre and sample a smoked halibut pate).

My husband who is usually the Nervous Nelley when the markets plunges said with confidence: "don't sell your stocks. You've got some good ones."

Cheers,

Mephisto
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