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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 230.84

-0.7%

3:59 PM EST

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To: Bilow who wrote (119467)	3/6/2001 2:52:26 PM
From: Kevin Podsiadlik	Read Replies (1) of 164684

The rumors of widespread 10% margin being the cause of the '29 bubble and crash were created by the brokerage industry in the aftermath of the financial destruction. The purpose behind those rumors was to give the investing public a reason to believe that the 90% price drop could never happen again. How does that square with Jesse Livermore's writings in his classic Stock Operator, where he refers to a 10% margin requirement early and often, and long before he was anything more than the "Boy Terror of the Bucket Shops"? (see p. 25)

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