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To: Kevin Podsiadlik who wrote (2000)	5/26/2000 9:52:00 PM
From: sommovigo	Read Replies (1) \| Respond to of 3392

Kevin Podsack, You misread my comments, misinterpreted them to boot - so read carefully. A person that I know received a margin call yesterday on stock that he purchased (long) from his margin account. This person has until 2pm on Tuesday to cover his margin, reportedly. It is a single person who reported this, but you may surmise that any margin calls that came at the same time that this person's margin call came at, will have to be covered at the same time. This is not an orchestrated buy-in, this is a person that will either have to liquidate his holdings to a degree that satisfies his debt to the brokerage from which he received margin, -or- he will have to get cash into their hands to satisfy the value of the margin loan that the brokerage extended to him so that the brokerage does not automatically liquidate his holdings to a degree that satisfies his debt. The "covering" I mentioned was the covering of a margin debt of cash, not the covering of a short position. So when this person told me that 2pm was the 'cut off' time that the broker extended to him, I then extended the logic to assume that 2pm would be the cut-off time for all those who received margin calls on the same day that this person did. Is it clearer now?