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To: stockman_scott who wrote (11327)	4/6/2000 10:36:00 AM
From: Cosmo Daisey	Respond to of 35685

Scott, Margin calls?????? My friend called me this AM and told me FexEx was at his door at 7AM with an overnight letter from E*Trade with his margin call. I am selling calls on everything this AM with the thought that they can be bought back near the close for a profit. I positioned mega QQQ @ 95 on Tues. and sold Apr 103 CC @ 5.50 Margin calls are the friend of CC writers. cdaisey@strategy.com

To: stockman_scott who wrote (11327)	4/6/2000 11:53:00 AM
From: TigerPaw	Read Replies (4) \| Respond to of 35685

: Margin Calls I think there are many people think they have to get rich soon before the bubble bursts. There is still plenty of time left in this great economy. There is really no reason to borrow a lot to get great returns. Margin is a usefull tool in certain situations but it should never be a permanant strategy of one's portfolio. There is a math proof or trick if you like, called the gambler's falacy, that shows how surprisingly quickly you will lose all of your chips if you consistently bet even if you have a 90 or 99% chance of winning. The margined portion of an account is a gamble, because as stocks go up and down, margin never goes down but only grows as the interest payments pile up. Even if you pick winners nearly all the time the margined portion of your account will tend to zero as the market does it's random walk. TP