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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Id who wrote (32871)	10/6/2000 2:47:04 AM
From: synchros	Respond to of 54805

At the risk of jumping in where I don't belong, I have found that margin-enabling my accounts has given me the freedom to make purchases in an account that has no cash, in advance of transferring the cash to cover it. I also have been able to stay quite a bit ahead of any margin interest debt that accrues, mainly by concentrating on gorillas and kings. I think of margin as a tool, and agree with the good doctor that while it may not be right for everyone, it has been very useful to me (although I also never get above 8-10% and I think very long and hard before using it). Synchros

To: Dr. Id who wrote (32871)	10/6/2000 2:58:13 AM
From: chaz	Read Replies (1) \| Respond to of 54805

Dr.Id, Agreed! In my portfolio, margin is a tool. To say I use it unwisely simply because the money is borrowed not owned is hardly fair. Others might think this entirely foolish, but my margin account has varied from 10% to 100%, and averages closer to 35%. At the moment, it is 0%. I've never had a margin call. Also, I've flown airplanes a lot and never had a crash. I've also been tying my own shoes for quite a while and never stepped on a lose one. This is not to say those things haven't happened because they won't, just that they probaably won't because I am careful. Margin has given me opportunities for profit that do not involve selling something else. Rambus, earlier this year, comes to mind. My modest purchase of ANF, with margin funds, produced a nice double between mid-May and last month, which paid my moving expenses. Irrational? I think not. Chaz