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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (8576)3/22/2000 2:52:00 AM
From: Clappy  Read Replies (2) | Respond to of 35685
 
Polvo, Congrats!

I was wondering why you decided to sell so much of your margin QCOM?

Where the requirements raised so high that you had to?

If you had kept most of the margin shares, couldn't you have written calls against them to remove yourself from the margin call?
Wouldn't your brokerage take the new found CC cash instead of shares?

I'm just curious and trying to learn with you.
I don't know if I'm following the whole story...

Thanks.

-Clappy



To: elpolvo who wrote (8576)3/22/2000 12:33:00 PM
From: Uncle Frank  Read Replies (2) | Respond to of 35685
 
>> i'm watching the market for a move up in ELON to sell 500 CCs

500 elon CCs <gulp>? That's 50,000 shares, Polvie. Damn - you're rich!

Just kidding, but never forget that each options contract is 100 shares.

unc


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