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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: marketbrief.com who wrote (2537)	8/8/1999 8:44:00 AM
From: TheKelster	Read Replies (1) \| Respond to of 18137

I clipped this out of the WSJ Online Securities Firms Raise Margin Calls On Steep Losses in Internet Stocks August 6, 1999 "But some investors were trying to keep their cool. David R. Stockwell, a software programmer from Centerville, Va., says his stock portfolio, heavily weighted in Internet stocks, is down roughly 60% from its high of around $500,000 in April. But he says he tries "not to worry about it," adding: "If it takes 20 years, it will eventually go back up... . I don't know when." And this "Brooklyn, N.Y., podiatrist and Net-stock enthusiast David Gleitman says he isn't curbing his frequent trading, which he sometimes does on a laptop in between seeing patients. But he did unload half of his 4,000-share position in AOL on Wednesday after getting a margin call from his broker, Charles Schwab. The call was small, only about $6,000, Dr. Gleitman says. But it caused him to step back and re-evaluate his AOL position, which he decided was just too risky for the short term. Still, Dr. Gleitman has been in and out of the stock before, and "I may consider stepping right back in," he says. His portfolio, which he says hit seven figures in January and April, has plunged about $200,000 in the past three weeks and now stands under $500,000" KK