Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (12210)	3/3/2000 10:33:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

Kirk's Constitutional Amendment: (This will not win any fans with the bleeding hearts...) "There shall be no law enacted to stand between a fool and his money from parting" I tend to believe in Social Darwanismn. Let the fools lose their money so they are not around any more to waste our time. Just make sure the system is strong enough to absorb their foolishness. Margin is a small percentage and would not account for the amount the Nasdaq is up this year, or the 85% it went up last year. Windmills! So you tighten margin requirements, perhaps he steals your VCR and pawns it to put money in the market? Is that really any different than stealing from family and friends to support a gambling habit so he can use the money to hit the sure thing exacta at the race track? My obscure point is the fools will find ways to get the money if they are cleaver. Remember, they make smarter idiots every year thus making "idiot proof" an impossibility. I DO like the idea of more education. Increasing the margin limits seems wise too, but only on new money. BTW, Schwab has not allowed margin on many "risky" stocks for some time. Kirk (sure glad I ignored the sell advice) out