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To: Think4Yourself who wrote (51869)	9/25/1999 12:42:00 PM
From: Think4Yourself	Respond to of 95453

Japan has same problems we do/did, and is handling it the same way. Says their EnP's with refineries are not going to do that great either. Trick appears to be to find big EnP's WITHOUT refining operations. --------------------- Tokyo, Sept. 24 (Jiji Press)--[Japan Energy Corp.] will reduce crude oil processing in the second half of fiscal 1999 to 6.4 million kiloliters, down one pct from a year before, company officials said Friday. Other major oil distributors [Idemitsu Kosan Co.], [Nippon Mitsubishi Oil Corp]. and [Cosmo Oil Co.] have already unveiled plans to cut production by 3-5 pct in the October-March period. Their goals are to slash inventory of petroleum products, such as gasoline and kerosene, and to pass on sharply higher crude oil prices to product prices. Japan Energy started full-fledged production cuts in October 1998. It reduced production by 12 pct from year-before levels in the second half of fiscal 1998, and by 7 pct in the fiscal 1999 first half ending this month. The modest one pct cut in October-March would represent a 13 pct decline from the second half of fiscal 1997, the Japan Energy officials said.

To: Think4Yourself who wrote (51869)	9/26/1999 9:41:00 AM
From: diana g	Read Replies (1) \| Respond to of 95453

re: Margin Calls Hi K, In regard to that $5 margin cut-off point, I think maybe this is one of those areas where different brokerages do it differently. -- I was told that my broker will not allow one to buy stocks priced under $5 for a margin account, but that once the stock is in the account the price per share is no longer a factor --except to calculate equity proportion, of course. eg-- if I start with all cash and I max out my margin buying XYZ @ $5 1/8, I won't get a margin call if XYZ goes down 1/4. I'm safe from a margin call unless my account equity drops below 30%. (Leaving aside the issue of being concentrated all in one stock, which would affect margin requirements also.) I though I would mention this to you since you have situations where this could make an important difference. Perhaps a different broker would suit you better? Of course I may be completely wrong. Wouldn't be the first time.<G> btw, thanks for the response and all your posts! Always worth reading. regards, diana