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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (129230)12/1/2000 10:42:41 AM
From: TimF  Read Replies (1) of 1582879
 
Your right about no buy and hold on margin. I never really planed to keep margin for so long I figured I would pay it back when it recovered, I did fortunately pay most of my margin back (at one point I was at about $10k margin, when I got the call I was about $1900 margined, now I am at $261.58 of margin. I should be able to get at least that much together to eliminate it completly. I wonder if I win the prize for the largest % loss of anyone on this thread.. (I know I'm not even close to largest $ loss)

The Nasdaq has a lot of support around 2300-2500 and most long term traders believe that that support will hold.

Maybe but I have heard that before at higher levels. It doesn't really matter too much to me now I guess unless it rallys enough for the near term options to be worth something. Otherwise I might be better served by another large drop which would enable me to get back in with a much smaller and more conservatively invested (no margin) position early next year.

Thank you for your comments. While I have often disagreed with you on off topic issues here I appriciate that the discussion has been mostly polite and interesting rather then insults and bashing. The off topic posts probably will
keep me from splitting if nothing else. I probably will spend less time on SI for awile, but I will keep reading at least this message thread.

Tim
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