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To: freeus who wrote (21121)3/23/2000 11:50:00 AM
From: TigerPaw  Read Replies (1) | Respond to of 54805
 
Also I cannot understand this investor's broker just selling the stock without calling
When I had $60,000 my broker wouldn't give me the time of day. Once you have 10 times that amount they are much more willing to talk to you.
TP



To: freeus who wrote (21121)3/23/2000 1:31:00 PM
From: areokat  Read Replies (1) | Respond to of 54805
 
"I have had margin calls too when I was new at this.
But margin is a tool, and a valuable one..."

I think I understand your position but I've seen enough selling panics over the years to believe that most of us would not respond rationally in a market crash situation.I watch a "professional investment " manager sweat bullets during the 87 crash because he had our company on the wrong side of a $30 million bond position with a big, big lose at the end of the day- and month and year.

It is very difficult to go against the tide when blood is running in the streets, IMHO.

Tom