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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (1392)	4/19/2000 1:41:00 PM
From: jjs_ynot	Respond to of 2317

Dave, You are right on both counts. I have also heard privately from reliable sources that a number of bigger players got wiped out in the recent downturn. Margin is a tool like any other to achieve leverage. Futures traders use tremendous margin. Buying a house with 2 percent down is also tremendous leverage. The key is the use of the tool, not the tool itself. I just thought that folks may have lost sight of the need to manage the tool. Regards and good trading. Dave PS. I also CC'ed in my IRA account to preserve capital.