htransport, you're absolutely correct.
The $333,333 wasn't a typo, it was the correct amount. I guess it goes to show how terrified I am that I'd make a typo or --worse-- a real error in doing these margin calculations online.
When someone said it must be $33,333, I said, wow, you're right, it must be. Oops.
Now you know why all margin calculations should be done by computers and not by humans! It's a good object lesson...theoretically I know what I'm doing but I still made that mistake. I've studied margin for 25 years, and I still don't always do it right. What about the clerks at ______ who have had 8 hours training in margin calculations?
After a few days, I'll calm down and lose my this-is-the-first-thread-I've-ever-started anxiety and perhaps I'll be thinking more clearly.
In any event, I'm thrilled to know that you and others are checking my math. I need the support and it's good practice for all of us!
The reason I raised this question so early is because I've learned that many investors think that to meet a $100,000 margin call, they must sell $100,000 worth of stock. Nope, it's 3 times that much, at least.
So thanks again for keeping me straight! Please keep tuned to the thread...I need your watchful eye! |
