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Strategies & Market Trends : Margin Calls - Share The Pain

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To: daffodil who wrote (120)12/5/2000 7:56:51 PM
From: Robert O  Read Replies (1) of 158
 
daffodil:

Let me first say you do a prodigious amount of work on this board and should be flowered with kudos for the effort.

I couldn't meet a call and they dumped about 20% of my shares to meet it. Luckily I got paid a few days after that and sent in the cavalry as it were. Was only able to buy back 1/2 of shares sold. Bought about an hour after the bell today with new funds [no special TA strategy there, just woke up late ;-)].

So am I pissed that only 90% of my initial position made it to this monster rally (cf. AMAT)? Sure, but given they were allowing a 30% liquidation number (i.e., over 2 fold leverage) would I have been jumping off buildings if all out? Well, second floor at least.

RO
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