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Politics : High Tolerance Plasticity

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To: energyplay who wrote (1481)	3/13/2001 12:38:42 PM
From: Tommaso	Read Replies (2) of 23153

" Wish I had kept my QQQ and SOX puts.." Yes, I could have just sat with my XLK short position--and I was short QQQ for a while--but the volatility was harrowing. It's no fun to have to pull $10,000 out of a savings account for house repairs to forestall a margin call, even if you are confident things will go your way again soon. Also, the brokers from time to time get mixed up in very active markets and misread a short position as a long when they are checking over your account. Nothing ever happened when I got a margin call under these circumstances (three times), since I was making money on a decline, but I don't like it. With puts on the Dow there are no problems.

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