It is my turn:)
"Investors who bought technology stocks on margin said they started hearing
from their brokerages Monday evening after the values of their margin
accounts slipped below the minimum requirements.
Glenn Rudolph of Meadville, Pa., who describes himself as a full-time
trader, said he was notified by his broker, DLJ Direct, the online-trading arm
of Donaldson, Lufkin & Jenrette.
But he said his margin account, which includes such stocks as Intel, Cisco
Systems, and America Online, had sufficiently recovered Tuesday that he
expected his portfolio to meet the brokerage's specifications.
"I was nervous a bit there, but things are looking better now," Mr. Rudolph
said.
Charles Salmans, a spokesman for Suretrade, attributed the rise in margin
calls to the recent fall in Internet and other technology stocks. On Monday the
Nasdaq Composite Index posted its second-worst point drop ever."
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