Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: sam who wrote (4203)	11/30/1998 3:39:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) of 8307

I totally agree. If they raise margin requirements, say goodbye. Do you realize that the majority of the trades in ONSL and EGGS is roughly 100-200shs? That's the "Average Joe" trading. The "Average Joe" borrows money from his broker, giving him/her the ability to highly leverage. Bad enough EVERYONE on margin that didnt have enough equity to back themselves received a margin call today. I cant imagine what would happen if they raise the margin requirements..ouch! I, for one am thankful I'm out with a mere 4pt gain...was up much much higher but just couldnt deal with getting called. I am an "average Joe" 29...28....27...26....25. Getting closer? Boi

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