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Technology Stocks : ICOM: Investment Discussion
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To: John Quist who wrote (17)12/12/1997 8:15:00 AM
From: Wallace Rivers  Read Replies (1) of 494
 
My acquaintance knew he would have a "margin call" per SEC requirements today, as he had bought stock "on margin": he was, in effect, using his stock portfolio as collateral for a loan which his brokerage firm was providing him. The SEC has minimum maintenance requirements which he went under (portfolio value went down), thus he was FORCED unwillingly to unload part of his position.
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