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To: H James Morris who wrote (99560)4/9/2000 1:13:00 PM
From: Randy Ellingson  Read Replies (3) | Respond to of 164684
 
Allen, what's the difference between strong hands or weak hands?

My favorite interpretation is it's Buy and Hold vs. I'm Outta Here...

Randy



To: H James Morris who wrote (99560)4/9/2000 4:09:00 PM
From: allen menglin chen  Read Replies (2) | Respond to of 164684
 
HJ, My brother's friend's sister lost $160,000 last Monday and Tuesday due to margin calls. Her portfolio value is cut in half -- She would love to buy more Tuesday, but had to sell instead. My uncle's biz partner has 3 margin calls in the past 2 weeks, luckily he has enough assets to cover the 3 calls. Weakest hands filed BK after Tuesday; weaker hands sold Tuesday; weak hands barely survived the margin calls. Strongest hands covered all his shorts and went 120% longs Tueday. I'm ok, not strong enough --
covered half of my shorts and went longs on margin.
King Willaim should be our financial advisor. And I consider u my advisor since I have u "peoplemarked" since last Oct. Allen