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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: diana g who wrote (51866)	9/25/1999 11:47:00 AM
From: monu	Read Replies (1) \| Respond to of 95453

Diana, concerning Flc: Maybe monday? biz.yahoo.com On a side note, there's a lot of nervousness out there. I'm getting killed on some of these stocks. The scary thing is that I'm also down on my recent purchases of oil stocks. But as long as the fundamentals stay the same, I can only hope and expect the street will wake up (and hopefully before I get a margin call:) )I'm sure there are many like me.

To: diana g who wrote (51866)	9/25/1999 12:00:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Re margin calls: There are two ways margin calls are caused One is the % total equity you mentioned. Brokers tend vary this % depending on the makeup uf your portfolio. In other words your equity % requirements can change as you make trades. It us usually in the low 30's for most brokers. The second is the minimum price os stock that is marginable. Most brokers set that limit at $5. A number of stocks broke below $5 this week: RRC, TMR PKD, others. If folks were using those holdings as margin, they suddenly lost all that %. That's primarily why RRC, and PKD saw their prices suddenly collapse (and CRK last week). TMR did NOT collapse and has in fact shown strong buying interest at any price below $5. One thing hedge funds and some individuals do is to short $5 stocks to try to force margin calls. If it works the stock often collapses to the mid $4's or lower within a few days and they buy back at a nice profit. If it fails they lose because they have to buy back the stock at whatever price they can convince the folks owning it to sell. If it didn't collapse no one is welling to sell that stock to cover their margin call. (i.e. the stock is undervalued where it was in the $5 range) The combination of market drop and hedge fund attacks on $5 stocks led to the large number of margin calls yesterday. I called the broker to confirm a large number of margin calls had been issued. He said yes. Since many stocks recovered, at least in EnP land I don't see the same carnage occurring Monday. Given earnings are around the corner congrats appear to be in order for the buyers. I learned the importance of "keeping powder dry" yesterday. Hope this helps!

To: diana g who wrote (51866)	9/25/1999 6:31:00 PM
From: Teddy	Read Replies (1) \| Respond to of 95453

hi diana and all the hottest babes [that] will someday be old and ugly... Hey, BD said that i need to remember that. Please don't look in the mirror and cry.<G> I just wanted to stop by and say that i think traders can buy quality oil service/ drillers on a dip and there are a few E&P's that the market missed. I think the sector could go up 20% more before the end of the year. But to get back to diana's question about "Margin Call City": i think at this time it is better to have some cash. I think there might be a a few "buying opportunities" before the end of the year. Anyway, i mostly just wanted to say "Hi and thanks" to all the people that remembered me. More later. Best wishes, Teddy