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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (44988)7/10/2002 10:46:12 AM
From: Perspective  Read Replies (1) of 209892
 
This dumbfounds me. I'm starting to worry that my broker could go BK when they start pulling this sh*t:

Notice to margin customers-Temporary maintenance requirement extended to July 24
Due to the ongoing unusual market conditions, Bidwell & Company will continue to offer the temporarily reduced maintenance requirement
on stocks through Wednesday, July 24, 2002. The temporary maintenance requirement is 25%, reduced from 35%. Please take advantage
of any market appreciation during this time to create an equity buffer in your account up to 35%.


They initially let people drop below 35% for two weeks to today, now they've extended it another two weeks. Since when are margin maintenance rules optional? Who do they think they are helping? The client? Themselves? I don't think anybody benefits from this crap.

F*cking scary. Seriously - this really worries me. You know those rules we developed after the 1930s experience? Nah, we don't need them no more. We're sooooo much smarter.

Funny you mention Grand Supercycle Bear... <ng>

BC
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