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To: rdww who wrote (142)11/9/1999 10:00:00 PM
From: Winzer  Read Replies (1) | Respond to of 343
 
Client margin on long positions >$2 (50%), $1.75-$1.99 (60%), $1.50-1.74 (80%) <$1.50 (100%).

For Short sellers, >$2.00 (150%), $1.50-1.99 $3/sh, $0.25-$1.49 (200%), <$0.25 100% + 25c/share.

So it sounds like the scenario that you are talking about is possible. Where they have to come up with 20% more margin below 1.75, hence the "high sailing" to 1.80? Below $1.50, the have to come up with 100%.

I guess that we sit and wait for the PR to sink in to the analysts out there.

Winzer



To: rdww who wrote (142)11/11/1999 10:13:00 AM
From: Winzer  Read Replies (1) | Respond to of 343
 
Rdww, re:

<<There seems to be some sellor that keeps trying to bring the price down>>

Your gut feel is playing out as per your call.

I've seen this trick done prior to a move to the upside where MM's talk the stock down to get their pool reloaded in order to sell into any pending rally? The presence of Latimer on the buy side this AM must be just coincidence!

Could news be on the horizon? Did A SML client get a dreaded margin call, stop loss, panic sell etc ? I guess the broker don't have to call you before they sell an account that becomes under-margined,they only do it because they're nice people.

Time will tell why NRL in retracing!
Winzer