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To: Cory Gault who wrote (123510)12/20/2000 4:52:32 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
Cory,
RE:"My response exactly, while certainly not the sole reason...the highly leveraged margin crowd has definitely helped accelerate this downward spiral."

True and for a while now too. Not that there aren't more going out this weekend...

Jim



To: Cory Gault who wrote (123510)12/20/2000 4:59:05 PM
From: Hightechhooper  Read Replies (1) | Respond to of 186894
 
Sounds like you guys have no experience with margin calls. Well I sure as hell do and believe me margin call selling is just now hitting and it will accelerate unless Greenspan comes out and admits he fuck$$ up.

I just talked to my broker regarding my own margin call (trying to buy more time) and he said they have so many of them right now that they didn't even get through their list of phone calls today and that was BEFORE todays drop. It will likely be a 3 day backlog of phone calls tomorrow!!!

We could see another 20% drop in the next couple of days if Greenspan doesn't do something. Now the T news, MU will be ugly....

nuff said