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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (101991)4/4/2000 3:57:00 PM
From: Joe NYC  Respond to of 1571207
 
Jim,

I'll bet there was a bunch of margin calls today...and a bunch of wealth evaporated.

Some evaporated, a lot of wealth changed hands. Short of selling at high, and buying at low, doing nothing today was a pretty good strategy.

Joe



To: Jim McMannis who wrote (101991)4/4/2000 4:13:00 PM
From: 5dave22  Respond to of 1571207
 
Jim <I'll bet there was a bunch of margin calls today...and a bunch of wealth evaporated.>

Yes, but a bunch of money made by those who took advantage. The rich got richer (those with spare change and limited margin) - and the wannabe rich got poorer when they got those calls.

Too bad. They really got burned today, but hopefully they learned their lesson. Probably not.

Dave


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