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Technology Stocks : Semi Equipment Analysis
SOXX 296.20-0.6%4:00 PM EST

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To: robert b furman who wrote (6978)11/20/2002 11:08:43 AM
From: Kirk ©  Read Replies (2) of 95580
 
On Margin.
I have a very good friend that is great at starting new companies and selling them for a couple million... where he is in "retirement" and doesn't have to work... then he gets greedy and has lost two retirements to the margin gods in the past 10 yrs. I warned him to use the market strength we had last year in the early new year to get off Margin and take profits (I took profits and was up but not nearly enough profits as now I am well down for 2002) but he was so confident his AMAT, Cisco, et. al. would return to glory... that he is now broke and starting again. This is tough on his family.

Simple rule... don't use margin. :)

Kirk
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