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To: Marco Polo who wrote (39915)4/14/2000 6:32:00 PM
From: jim kelley  Read Replies (1) | Respond to of 93625
 
Polo,

Making matters worse some of the brokerages raised margin overnight to 90%. This will certainly trigger margin calls.
I suspect a lot of the selling today was to cover the margin calls that people woke up to this morning as a result of the change in margin rates.

JK