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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Mike S. who wrote (26818)3/10/1999 10:27:00 PM
From: Jenna  Read Replies (1) of 120523
 
It's a bit different than the letter I had.. but you MUST call them first thing in the morning even if you don't exactly understand the letter. that order is not from AB Watley but directly from the Federal Reserve Board.. The thing is, Mike, that I have not used margin in 2 1/2 years since I got my own letter.. When I came back to this country in 1987 I never even got a credit card and paid for everything with cash. When I was finally issued a credit card, by that time I got used to paying for everything with cash, so I don't like to loan money from anyone. If I used margin my buying power would probably so dang high and I know I'd go nuts with the computations of allowable margin.

My letter cam on this official looking yellow page and scared the daylights out of me when I got it and it was on a Friday. But if you call them they will help you, either way if you wire them the money it will day about 3 hours for them to get it.. I never got the second part of your letter that speaks of restricting your account for 90 days. Sorry I can't help you any more but I'm sure others that use margin are more familiar with that sort of letter.
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