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Non-Tech : The Bear Cave
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To: JEB who wrote (45)12/1/1998 9:04:00 PM
From: Starduster  Read Replies (2) of 87
 
Just picked this up a bit ago... This is from the EGGS message board:

"CNBC just reported that Nasdaq has confirmed to them that it does not plan to increase margin requirement for the internet stocks. CNBC stated that the rumor of Federal Reserve pondering increase in margin requirement was started by the short sellers who wanted to cover their position at a cheaper price. This means that internet stocks should be soaring tomorrow. I hope the people who sold their positions based on the above rumor feel stupid and complain to the Nasdaq and CNBC for their extensive reporting on this rumor but yet they only gave 15 seconds to say Nasdaq has no plan to increase margin requirement."

Gary G.

I wonder what effect this will have on the over all market tomorrow?
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