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


To: Kenith Lee who wrote (105806)4/15/2000 9:36:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 1573689
 
RE:"Some people may have took money from loans or credit cards and use the same money to buy stock on margin. The brokerage will match the amount deposited. This means they have nothing to start with and doubled the amount of borrowing. When margin call comes, they have no money to cover and forced to liquidate. This may have cause the recent selloffs"

This appears to be the case. Which doesn't bode well for the open monday. 200 more off the NASDAQ wouldn't surprise me.

Jim