Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (55758)	1/22/2008 12:39:34 PM
From: TrueScouse	Read Replies (2) of 78419

Tom: <<Someone must have sold on a forced margin call yesterday.>> Lots of them I think. I could have been one but my brokerage doesn't automatically sell me out. I have about 10% margined (i.e., my stocks are worth about 110% of the A/C equity). Not wise, I agree, and I've been bringing it down steadily over the last year. Jim Sinclair is right! Anyway, my account was down 13% yesterday but I refused to look till after today's open! Sure enough I'm on a margin call -- not too big fortunately -- but I think today's recovery will get rid of that by tomorrow morning. Phew! Last night I was thinking about a government building I know here in Canada that is built like a pyramid, and I was told that they designed it like that so that when bureaucrats threw themselves off the balcony they only fell 10 feet and broke a leg. I imagine a lot of finance companies wish they were in one like that at the moment! <ng> I was also thinking about the "be careful what you wish for" thing. Who knows exactly how this will all play out? Best regards, Howy

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