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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: SBerglowe who wrote (26836)	4/17/2000 11:58:00 AM
From: Margaret Mateer	Read Replies (2) \| Respond to of 42523

merrill lynch broker told me no extensions on margin calls were being given by any brokerages - all due today by 1 pm. dum de dum dum... Peggy

To: SBerglowe who wrote (26836)	4/17/2000 12:07:00 PM
From: IceShark	Respond to of 42523

usually they review and call people after the market close. When they just force close enough of your position(s) out is another matter. Frequently, they will do it about 5 minutes after you promise to cover by if you haven't delivered. So this weekend's margin calls could go for a few days before the brokerage does something. I inadvertently got short an equity by 100 to 1 due to shares being poot and not being able to reach the brokerage to tell them to sell the poot. Drove my account down under 10% equity. i was able to ride for 3 days before I closed the position but they were really pissed about it. As they should have been because I could have swung negative 10 or 20% easy, considering the current environment. So, it all depends.