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

To: Jim McMannis who wrote (105974)	4/15/2000 5:09:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 1573683

Jim, If the 3 day settlement rule delay caused the problem it will be smaller and smaller with each 3 day wait accruing daily and dampening it out since the number of people grows fewer each day and so the pressure falls until you run out of people completely at about a 25-35% drop since many people do no use margin and certain retirement accounts do not permit it. SInce we are at about a cumulative 30% drop we should be seeing the end of sell pressures? IMO Bill

To: Jim McMannis who wrote (105974)	4/15/2000 5:22:00 PM
From: tejek	Read Replies (1) \| Respond to of 1573683

Don't you get until 3:00PM to come up with the money? On the day they call or the next day? Jim, My margin call came in on Thursday so I have until 3 PM EST on Monday to take of the problem. If I don't, then the broker sells. There are usually three business days between the call and the payoff. ted

To: Jim McMannis who wrote (105974)	4/16/2000 4:51:00 PM
From: Kenith Lee	Read Replies (2) \| Respond to of 1573683

Jim, According to my coworkers, they received margin call notices on Monday and Tuesday. This suggests that the selloffs on Thursday and Friday are triggered by the margin calls on Monday and Tuesday. I am sure there will be more margin calls caused by Friday's drop. However, this one will not be due until Wednesday. Let's hope Intel will have some real numbers out so these small investors will not be forced to sell more.

To: Jim McMannis who wrote (105974)	4/16/2000 5:00:00 PM
From: Kenith Lee	Read Replies (1) \| Respond to of 1573683

Don't you get until 3:00PM to come up with the money? On the day they call or the next day? It all depends on which broker. I have not gotten one recently (thanks to AMD). My last one was by 2 PM EST and is the third day after the initial margin call. I had 2 calls then from 2 consecutive days. I sold enough to meet the first call. The next day, the Market stabilized and I do not have to do anything on the last one. Each broker is differ. BTW, Waterhouse just issued a new margin maintenance requirement on some stocks. JDSU is 50%, SCMR is 75%. I wonder if this is cause more sellings or the grandfather rule applies (existing shares do not apply to the new rule)?