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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (107327)4/22/2000 1:07:00 PM
From: tejek  Read Replies (4) of 1571926
 
I have all ready exhausted my savings and I wrote a $1000 check off my Discover card. I no I really shouldn't use a credit card to by stock but I've never seen anything that looks like as good of opportunity. I've also applied for margin, but when I use it I will only put my margin ratio up to about 25%, I don't want to face too much risk of a margin call. If the stock goes into the 90's by the time my margin request is accepted I'll just sit on my current position instead. If AMD goes to 0 I still won't be bankrupt, I just will have to put off buying a house for a year, so while I am takeing on more risk then I normally want to I am not being a total fool. Besides the I really don't see much chance of AMD collapsing.

Tim,

A couple of words from someone who is a lot smarter after this last pullback......be careful. I was close to 20% margin when the pullback hit and I thought I had room for error. I was wrong.

I say this to you because you already are on margin.....you borrowed $1000 from your discover card. AMD is a risky investment.....let me say that again. AMD is a risky investment.....any investment in stocks is. Even if AMD does not look likely to collapse, there is a very good chance the markets will and they could take AMD down with it.

I will never again exceed 10% when on margin....I have learned that that's as risky as I need to get.

ted
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