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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Investor2 who wrote (2328)	12/1/1998 8:23:00 PM
From: marc ultra	Read Replies (1) of 15132

I2,re <<< agree with you that speculation seems to be excessive. I assume that "they," as used above, is a reference to the Fed. I would go along with increasing margin requirements to curtail some of the speculation. I don't think it is appropriate to play games with the interest rates to curtail speculation.>>>> No, I don't mean the Fed and I agree with you totally and personally I'd rather the Fed not get involved in any way shape or form in the internet mania. It does seem reasonable that a number of internet brokerage firms are putting greater margin restrictions on many of these internet stocks as I heard today on CNBC following Waterhouse's lead. There is obviously a lot of irresponsible trading and compulsive gambling going on now and these firms rightly don't want to be left holding the bag if a lot of these traders can't settle up if things turn against them and cry it is the broker's fault for letting them trade beyond what was appropriate. Since I'm not a broker it's not my problem but as an investor I don't like to see excessive speculation which can be an unhealthy sign for the market. Marc

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