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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (20036)11/28/2000 12:23:10 PM
From: Cactus Jack  Read Replies (2) of 65232
 
Volt,

We may be setting ourselves up for a washout/capitulation day. Schwab has another "urgent notification" on its website notifying us of another increase in margin maintenance requirements on stocks that it considers "volatile", some as high as 80% maintenance. If other brokers follow suit (as they did in April), we may have a final capitulation (as in April). Wouldn't be too bad if you ask me.

jpgill
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