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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (3256)3/16/2001 5:43:48 PM
From: adcpres   of 52237
 
Don: I just called my broker to see it he could give me any info about the amount of margin selling taking place these days. Though he could not give me any specific numbers, he did say that they have been seeing a lot (what ever that means) of margin calls go out. I expect there will be significant downward pressure in the next few days if rather than meeting the calls by throwing more money into their accounts, those traders receiving margin calls opt to liquidate some holdings. He also mentioned the Japan issue is starting to weigh heavily. Now is not a time to be in denial. We are headed lower. No doubt about it. GH
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