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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (3256)	3/16/2001 5:43:48 PM
From: adcpres	Respond to of 52237

Don: I just called my broker to see it he could give me any info about the amount of margin selling taking place these days. Though he could not give me any specific numbers, he did say that they have been seeing a lot (what ever that means) of margin calls go out. I expect there will be significant downward pressure in the next few days if rather than meeting the calls by throwing more money into their accounts, those traders receiving margin calls opt to liquidate some holdings. He also mentioned the Japan issue is starting to weigh heavily. Now is not a time to be in denial. We are headed lower. No doubt about it. GH

To: donald sew who wrote (3256)	3/16/2001 10:17:53 PM
From: Square_Dealings	Respond to of 52237

My rep at Fidelity confirms lots of margin calls. Some big players are getting calls. Whats amazing to me is why anyone with $10 or 20M dollars in the bank would ever contemplate carrying margin in this market, but he says those are the guys getting taken out now. I think everyone doubled up when the Fed started easing rates, thinking they " wouldn't fight the Fed". This includes banks/brokers which will no doubt be settling some bad accounts. Cash is king M.

To: donald sew who wrote (3256)	3/16/2001 10:47:54 PM
From: Casaubon	Read Replies (1) \| Respond to of 52237

I read an article about a year ago about how smart it was to acquire equity long term on margin. They had some stats to support the thesis. I debunked all the stats and shook my head. It was all really common sense type stuff. Their basic argument was, "hell, if you get 15% annualized returns, margin yourself to the hilt, and get 30% returns." The article was in Money magazine or some such thing. I would not be surprised if many, many, people have taken that road. Anyway, thank god I happened across MDA and stock attack 2 years ago. From the ashes, the Phoenix will rise.