Margin Calls - Share The Pain Message Board

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Strategies & Market Trends : Margin Calls - Share The Pain

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To: htransport who wrote (46)	12/1/2000 2:02:08 AM
From: FNS	Read Replies (1) of 158

RE: <<This last spring we found ourselves in a very bad margin call because we didn't fully understand margin. In order to meet the call, we were required to either send the margin requirement as new cash or sell 3 times as much stock as the margin amount.>> Yup! and I learned the hard way... note that it all depends on the firm and particular stock! At Fidelity, for instance, selling PALM will release 60%, CS or QCOM 50%, and COMS 40%, I believe... However, selling off options first is recommended cause you release dollar for dollar! Good luck. fns

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