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Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?

To: inpursuit who wrote (7137)	3/15/2000 9:48:00 PM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Inpursuit, my Dad and yours would've gotten along fine. The centerpiece of his desk was a (yellowish-white imitation ivory painted brown) statue of a gorilla showing the whites of his eyes and stroking his chin while holding the WS Journal upside down. Nothing carved on the base, picture tells the story. Brave to call it a selloff/shakeout huh, me too (or I wouldn't still be holding any). A couple of weeks ago my broker said margin is high; haven't asked recently but I'm guessing it's the same. I wonder if there's any one day when they make the margin calls, or if there's rules depending on when the orders were placed or how far the market falls (or rises) %, or what? By the way things have gone so opposite to expectations based on the great economy, no Y2K mess, and how this time of year was Expected To Go by now - yes methinks you're right, it stands to reason there'd be alot of action from margin calls (the back end of a double tap, as you say) about now -and probably more forced sells than buys from the order of operations too because the bears weren't so out in force a couple months back as more recently (many of them didn't expect it to be like this either, methinks). I've been on margin a few times when the market was Home Home On The Range, but not too far out there or for very long either - and luckily it went the way I've planned it to, when I've done so. Haven't been on margin at all in 2000 yet. At this point, looking at kind of disappointing results when I think of the gains from margin - looking at technet shares built up from doing that at a minus in my portfolio, and soon having to pay the taxes from the trades I did last year that got me these (now somewhat devalued) freeriders. Not that I'm puffing up, but I'm really almost ok - got almost enough money squeezed aside to pay Uncle (if not all the estimate payments at once though, oh well) - much of it from INSP (started that one up last year at this time and quacked the heck out of it all the way up). Having a thought, uh-oh (still awake?)- gotta wonder how many folks are in this situation... having BIG gains from '99 and now some of it's evaporated from their present stocks gone down now by whatever percent - and needing that money out soon to pay for 'em. If so, then this timing is a MEAN shakeout. And lately, some of these interest rates rise justifications in the face of the higher oil prices now and the supply/demand-to-GDP thing and the entering of the Baby Boomlets generation on the job market is, starting not to make so much sense as it did a few months ago IMHO. Like your Dad's statue, and mine's - like just when you think you almost have it figgered out so your mind can cruise on a 360 Overdrive for awhile, it changes. Do we all have implants we don't know about, or what? I mean, How Do They KNOW??!! 909S2ALL, JOANA