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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Apakhabar who wrote (11196)	12/31/2000 5:53:40 PM
From: Ken Adams	Respond to of 18137

This conversation brings to mind a situation I found myself in earlier this year. I bot, on margin, some whatever. I used most of the cash in my account (similar to the $50,000 example mentioned here to buy $100,000 of MSFT). I held the position over night and sold it the following morning. The next day (or two) I got a margin call. When I called the brokerage about it they said my account had become "concentrated" with the majority of my money in one stock and the margin requirements changed, hence the call. Of course, since I had already sold it, I needed to do nothing. I'd never heard of this before and haven't carried a margined position overnight since. Can anyone shed more light on all this? Ken