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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: marginmike who wrote (106766)10/11/2001 12:58:18 PM
From: Andrew N. Cothran  Read Replies (3) | Respond to of 152472
 
Marginmike:

The gold market during the present crisis should have shot to the moon if trader/speculators/fearmongers still treated gold as a "safe haven" and bunker to hide in when disaster strikes.

But the fact of the matter is that gold has failed to respond to the crisis in any way similar to previous calamities.

Does this mean that we have finally seen gold not as a safe haven in the midst of storms but merely another commodity that is traded from time to time, its price totally dependent on the old laws of supply and demand?

I used to flee to gold when the markets were tumbling. Not any more and not for a long time.

Gold, gold, you're making me old!



To: marginmike who wrote (106766)10/11/2001 1:53:54 PM
From: JohnG  Read Replies (2) | Respond to of 152472
 
MM. Need a little help here. Just learned that SSB screwed a relative of mine out of apx 1/3 of his QCOM stock on a margin issue. Maint of margin is 60% at SSB on this stock as far as I know. When he exceeded that they claimed it was an SEC rule that, due to his concentrated position, he had to sell $3 worth of stock for every $1 he was over the Maint of margin limit. I am wondering if this is a SEC rule or just some SSB rule they sprung on him. Any help from any direction would be appreciated. I am really pissed to see SSB preying on older foks and, if they are lying, would like to have a piece of them.
JohnG