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To: Amy J who wrote (123626)	12/22/2000 2:10:40 PM
From: Gary Ng	Respond to of 186894

Amy, Re: That's not going to help. That's what got him in trouble in the first place. Do you have any helpful investment advice for him to get out of this? I would say, close out some position to reduce the margin, write some near term call options to generate some more cash on the remaining position and buy some long term leaps(may be deep out of money) just in case INTC bounce back significantly. gary

To: Amy J who wrote (123626)	12/22/2000 2:14:45 PM
From: Gary Ng	Respond to of 186894

Amy, Re: `Margin calls' hit Microsofties I kind of remember reading very similar story a few months back(down to the wording used), looks like the writer steal it from some other source(not the poster on SI, but the article on Journal Business Reporter). gary

To: Amy J who wrote (123626)	12/22/2000 2:19:18 PM
From: GVTucker	Read Replies (2) \| Respond to of 186894

Margining stock options is crazy. It is particularly crazy when it is the majority of your net worth. If a person gets a margin call, that person ought to do two things: first, sell enough stock to get rid of the call. Don't put in cash. If you got a margin call in the first place, it is because you made a mistake. Putting cash into the account doesn't cure the mistake; selling stock does. Next, over the following three days, sell an amount of stock equal to what you just sold to meet the margin. Again, it comes down to admitting to yourself that you made a mistake. Just meeting margin requirements leaves you vulnerable to having to do the same thing again, in less than ideal selling conditions. Once you've done those two things, go back and run the portfolio the way you know best, cognizant of the lesson learned. Do not try and "get the money back" that you lost. That will entail more risk than you probably should incur.