Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] Message Board

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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE]

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To: Starduster who wrote (4874)	10/17/1998 9:15:00 PM
From: Charliss	of 15094

Something else turned up by J....a few postings from a web site, dated 10/17: "What the brokers are saying One of my broker's told me this yesterday, he said," I am suprised how many of my clients are taking down second mortages and borrowing from the bank this month. They are not selling their stocks and mutual funds as they are down too low." Imagine how perilous this is when you consider the capital gains tax implications from their fund holdings. I received this by email from another investor, he subscribes to a newsletter who wrote this... "One broker told us that out of 350 clients he serves, not one person wished to move money from the stock market into the safefty of a money market fund. NOT ONE! If you consider yourself contrarian (which of course everyone does), what does that tell you???" Times this by millions of investors who feel that they are in the dreaded locked-in position and you have the formula for imminent disaster." ********************************************* " INCREDIBLE. Didn't know they could do this. The following found on Prudential's client disclosure statement: Have you read the disclaimers in their (Prudential's) most recent statements. They are very bluntly stating that their trading partners may default on them. "The majority of the Company's derivative transactions are short-term in duration, with approximately $67.1 Billion of notional or contract amounts maturing within one year of which approximately $64 Billion mature within three months." ".....which may impair the counterparties' ability to satisfy their obligations to the company" "...may require the Company to pledge client securities as collateral in support of various secured financing sources such as bank loans, securities loaned and..." "..these activities may expose the Company to off-balance sheet risk in the event a client is unable to fullfill its contractual obligations." No wonder Ralph Ackempora looked like he had a load in his pants the last few weeks. From Prudential Securities Consolidated Statement. If you read the SEC disclosure information for just about all of the Banks, Brokers, Insurance cos. etc. you will see that they are all over leveraged in the Derivative markets and are cross invested with each other, therefore no one has any idea of how severe the problem is. "

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