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Technology Stocks : Dell Technologies Inc.

DELL 130.49

+0.4%

Dec 15 3:59 PM EST

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To: freeus who wrote (118326)	4/18/1999 5:16:00 PM
From: PAL	Read Replies (1) of 176387

re selling puts and margin calls: the online brokers vary from one to the other in giving accurate information. when you check the daily balances, my "old" broker showed how much room do you have for borrowing, or if you have house of fed calls. now my "old" broker was bought by waterhouse securities. the balance screen does not show how much borrowing power i still have left (it always shows zero, btu i can always buy more shares through live broker or sell more puts - comission is the sam for online or live broker on options trading. suppose you have a margin call, and you sell stocks. only 30% of the proceeds is applied towards the margin requirement, while cash is 100%, as well as closing position on naked puts. one can easily get carried away with naked puts, especially in an up market, and suddenly this nasdaq turning south, a wake up call! how about getting a home equity line of credit. the teaser rate is attractive (5 1/4% for 6 months) and then the rate is prime plus 3/4, commitiment fee $ 50/year beginnning second year, no prepayment penalty for 2 years. the beauty: it does not cost anything to get the loan. the bank pays all the closing costs! paul

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