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Technology Stocks : Nortel Networks (NT)

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To: Paul Shread who wrote (1090)9/30/1998 11:25:00 AM
From: George A. Roberts  Read Replies (2) of 14638
 
I know I shouldnt use margin but it is the only way for me to play the market . I have a dow dogs strategy that is non margined and I use margin for these crazy tech stocks,,,i am getting killed on them. I need to excersise much better judgement I know I left money on the table three or four times in my Bay becase I became greedy and a believer in the story,,,I am now 14 points away from even and will surely get a margin call. All in all my experience with Bay had taught me lessons but I am in a very ill mood. All I can do is wait for the margin call and then sell enough NT to cover the call. It is my lot in life as I do not have any cash on hand to cover ,,,just margined stock positions...I know i am crazy but its my lot in life ...
George
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