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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: dangergirl who wrote (57808)	12/29/1999 8:07:00 PM
From: linsol	Read Replies (1) \| Respond to of 152472

Congrats sweety! I STONGLY recommend getting off margin. If we have a temporary big sell off the brokerage firm will force you to sell at a huge loss. You have to think hard about this. I lost $24,000 last summer because I was 50% on margin. I had great stocks that suffered along with all the others.I was shocked to be called at home and be told that I couldn't hold them unless I came up with $25,000 in cash by 3 p.m. the same day. In other words YOU don't really own them THEY do. I was fully invested so I had to sell. I would definitely keep QCOM and sell other slower moving stocks. You could buy them back soon after with some of your CASH profits. AOL being among the first. Try to pay off the amount you borrowed for QCOM. If it sells off a bit you can just hold. I think we will have a correction (hitting everyone) soon because in Feb. the Fed might raise interest rates. Stocks with big debts (Internets in particular) will feel it the most. Good luck!