Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: briank who wrote (39173)	12/13/2000 6:20:22 PM
From: trouthead	Read Replies (1) \| Respond to of 64865

I don't know, but it's 25 cents from me having to send twister a case of bud. jb

To: briank who wrote (39173)	12/13/2000 6:21:02 PM
From: Conan	Read Replies (1) \| Respond to of 64865

briank: I've been hurt bad by margin also. But it has given me a new perspective on the use of leverage. The good thing about margin calls were that they forced me to sell stocks before I was completely wiped out. In fact, SUNW is one stock that I dearly wanted to keep but decided to sell to help meet a call. Since that time the market has taken the stock lower. So margin calls can help as a trigger to sell out on the way down. Eight days ago I was down 90% off my initial cash investment in August. By the end of last week I was only off 50% because as the market went back up I bought back in on margin. I was able to preserve the date of some of my investments by re-entering them within the 30 day wash rule period. Today's action has me back to off 80% and facing new margin calls. I will sell again if I have to and re-enter later as my equity rises. Margin is like steroid use. If you are not among the fortunate endowed with a trust fund then margin is the only way I know to get bigger faster within my lifetime. I will continue to take positions on margin because the long term trend of the market is up. My trading portfolio is 100% risk capital; I am not gambling with my retirement or the children's college fund. And I do not want to miss the market when it comes back. Conan