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To: Lizzie Tudor who wrote (67629)7/14/1999 1:12:00 AM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
> Friday could be ugly

What do you expect from a stock that went up 50% in a week due to the daytrading hordes piling on?



To: Lizzie Tudor who wrote (67629)7/14/1999 1:18:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
Why don't you look at gnet friday Glenn. Options expiry is really hurting the gnet people
this time around.


Patience won't hurt me. I will wait.

Gnet is no longer marginable so people like me were just stuck... there was
no way I could call the stock with no margin power, I had to sell the calls


This must be specific to the brokerage firm you use. DLJ kept doing this to me and it finally ticked me off to no end. I moved almost all my funds to Merrill but kept DLJ open in the event I can't get through for a trade or something.

Glenn



To: Lizzie Tudor who wrote (67629)7/14/1999 7:06:00 AM
From: Sam Sara  Read Replies (1) | Respond to of 164684
 
>Gnet is no longer marginable so people like me were just stuck... there was no way I could call the stock with no margin power, I had to sell the calls. Friday could be ugly (although we are way down already)

OK, I don't get this one, I'll admit....(part of the reason I don't play options (yet)). If you are holding a call, why do you need the stock to be marginable to exercise the option?