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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: Jeffry K. Smith who wrote (1338)	3/28/2000 5:05:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 22706

Sadly, I don't think you've got a case whether the margin restrictions were listed on the screen or not. Consider that the broker has the right to change margin requirements at any time without consideration for your position. Even if he decided to raise maintenance from 50% to 100% AFTER you bought the stock, he'd have the right to place a margin call on you. If I were in your position I'd count it as a lesson and focus my energy on unwinding the position. Are you sure you'd lose $25K ? Your stock probably went down today, lowering the value of the calls you sold. Buy them back for a profit and then see how you stand. cuf