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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (2934)11/30/1998 4:55:00 PM
From: Iris Shih  Read Replies (1) of 37387
 
Another reason for internet's slide today:

Margin Requirements Being Raised...
The U.S. Clearing Corp is raising margin requirements on 70 of the hottest internet stocks... You may need 70% equity to margin some stocks... Others may go off margin completely... This is to cool down the current internet speculation based only on momentum... The internet sector should take a big hit...

Iris
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