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Technology Stocks : CMGI What is the latest news on this stock?
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To: Sgt. Stockpile who wrote (6846)4/8/1999 8:31:00 PM
From: Ron Kline  Read Replies (1) of 19700
 
What is such a joke about all these margin requirements is that they take such an aim at all the market leaders. It's amazing that these brokerages are trying to get you out of some of the best opportunities of today. I almost had to sell a bunch of some great Internet stocks last year when my brokerage all of a sudden said they would accept 0 margin on internet stocks. In the meantime they all went down due to everyone having to sell only to rocket up 3 weeks later. Lets see CMGI at that time was about 1/3 of its value today, INKT 1/2, AMZN 1/4 etc. I luckily transferred my account to Schwab and now they are putting on more of these rules. They treat us like we are so stupid we all are going to buy them and lose a bunch of money. Folks the friends I know who are losing are the ones that are stuck in stocks that crash and stay there. People sitting around waiting to make money on RDRT, HS, CREAF, IVX, DIMD, and the like. Oh yes those are safe at 70% margin. Give me a break, they don't have a clue and it psses me off that that are trying to stop our ability to make some of the best bets in the market today. Volatility does not equate to losing money, it goes with the territory with fast moving stocks (which means growth). I remember CSCO acted the same way 10 years ago so what's new. Yes they can go down so what. In fact CSCO did go down 50% in the correction last year... This is the market and we are not a bunch of babies.
Ron
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