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Politics : Ask Michael Burke
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To: IceShark who wrote (56720)4/20/1999 2:50:00 PM
From: Mama Bear  Read Replies (1) of 132070
 
Here's some great advice on how to deal with a margin call:

"In this situation don't respond (IMO) to the margin call UNTIL the
last minute. The brokerage or clearing house will give you three days to come up with the cash to cover or else sell securities. In this internet selloff case, the rebound back will probably put you safely into green territory, and soon.

This advice is also a case of "been there, done that."

#reply-9033026

Barb
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