Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Swede who wrote (6092)	12/24/1997 12:59:00 PM
From: RealMuLan	Read Replies (1) of 95453

Off-topic. Swede: I can't agree with you more. I was smart enough to get out from driller sector and took over $50k profit before the end of October, but I was also stupid enough to put all the money in one tech stock after that -- fully margined. My account value went down from around 140k to 70k or so. I already got twice of margin calls and borrowed a lot of money from credit card. I will sell some of it by Friday just to offset the big capital gain tax. This time I really burned badly by using margin. Happy holidays and good luck.

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