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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (41044)	4/17/2000 11:48:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

<declines that we saw in some of the tech stocks after the market opened was margin liquidations.> Maybe. I think such liquidations can happen all day long however. If I was told I had to come up with a hundred grand one way or the other I might wait to see where I could sell off $50,000 worth of Stock and perhaps I would wait until the stock firmed up a bit. Hell, if I was a risk-taker that traded that close to the vest on margin in the first place who is to say I would not get positives fatalistic at this point. Or, I might do nothing which means the house has to close me out at tomorrow's Open or late today. At least that's the way I recall it, I haven't had a call in years and even then it was a house call, not a Fed Call. I don't even think I did anything at the time because the market rallied enough intraday to make the house call. Because it does not happen to me I can't say what the rules are any longer. <hoping to see more selling pressure today with a sharp decline and then a partial recovery in the afternoon.> That was my preferred pattern as well. This thing is acting like the reverse should happen. An afternoon drop.