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Strategies & Market Trends : Margin Calls - Share The Pain -- Ignore unavailable to you. Want to Upgrade?

To: Dan Spillane who wrote (12)	11/30/2000 9:28:50 PM
From: daffodil	Respond to of 158

The news here in Seattle was that some people's houses and cars were in trouble due to margin calls. That's frightening. I've heard that luxury cars can be purchased for incredible prices now because so many were ordered and the buyers can't pay for them. Very sad. There was an incredible tidbit on the front page of yesterday's Wall Street Journal about the impact of the alternative minimum tax on people who have exercised incentive stock options, have a huge loss now, yet have to pay huge taxes on their exercise because it was profitable at the time of exercise. Actually, thinking about this and its impact was one of the reasons I started the thread. Apparently, the only way to avoid the tax is to sell the stock in the same year as exercise...in other words, more tax selling to come on top of the normal tax selling we'd expect in this awful market. Is there any hope for Nasdaq stocks before January???

To: Dan Spillane who wrote (12)	11/30/2000 10:23:02 PM
From: rocklobster	Respond to of 158

VYTL is a great example of stocks trading below cash.. they have 1.5 billion in cash on hand and are trading at a market cap around 250 million rediculous if you ask me..they were down to 200 million last week.. thats four dollars a share for a company with 1.5 million on hand.. of course they are losing eight dollars a share per year on 50 million shares so that might explain things a bit... but still... rok

To: Dan Spillane who wrote (12)	12/1/2000 12:33:22 AM
From: Raymond Duray	Respond to of 158

Hi Dan, Re: So many stocks are trading at rock-bottom prices, there could actually be a leveling out of margin calls now Rock bottom is zero, in the equities game. Is that what you had in mind? Or were you rather more optimistic that NPNT can't lose 100% from $0.59? Granted, you can't buy a decent hamburger with a share of NPNT any more, but be that as it may, why conclude it is rock bottoming out yet? Big picture, the Florida Follies, or the Thrilla in Vanilla is resolved by the 12th. Leveling out of margin calls occurs. Then, in a grinchian move of stunning speed and incivility, the warnings sirens start to whirr again. Your leveling off? Just a pool in the stream before the next cataclysmic Class VI waterfall of hopes and dreams. Prepare for a drenching, if not a drowning. Any fool who still owns anything on margin here deserves his/her fate. In the world of white water kayaking we call it natural selection. Ta Ta, Ray