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To: jim_p who wrote (60094)	2/10/2000 12:41:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

<and I intent to stay at 100% margin at these prices. > ... ? Again, no offense; but I just don't quite jive the leveraged mathematical impact to capital during these losses with the happy upbeat - sleeping well commentary ? Do your brokers let you guys just leverage the upside, but not the downside ? - max margin is .30% maintenance; a 10% two day sector swing; takes out 30% of your TOTAL capital and creates a huge, huge margin call ? IE: if you have 10K cash leveraging 30K in stock and the sector goes down 10% over two days; you just lost $3K, or 30% of your TOTAL capital AND you need to come up with $2K or another 29% of your now existing $7 K cash; just to meet the margin maintenace call. It's your story guys - I am not "doubting" you, but, people had better have a permanent "Fear of God" - on a daily basis when EVER holding on quote - unquote, "MAX MARGIN" in this volatilty ? This is just my PSA to the neophytes out there who think margin is like butter; just spread it all over... (VBG) - it's NOT ! There is trading, investing and then there is betting and purely gambling. In this environment, I am not so sure than other than spot - leveraged trades; that holding continually on max margin can realistically allow anyone who max's out on margin into a sector blowoff in the last hour of the market to "sleep well overnight" - having no idea if he will awaken to a 20-30% impact on his "TOTAL" capital on merely a "down open" ????