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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 10:17:53 PM
From: Square_Dealings   of 52237
 
My rep at Fidelity confirms lots of margin calls.

Some big players are getting calls.
Whats amazing to me is why anyone with $10 or 20M dollars in the bank would ever contemplate carrying margin in this market, but he says those are the guys getting taken out now. I think everyone doubled up when the Fed started easing rates, thinking they " wouldn't fight the Fed". This includes banks/brokers which will no doubt be settling some bad accounts. Cash is king

M.
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