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To: JohnG who wrote (106818)10/11/2001 2:55:23 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 152472
 
The only good way to deal with a margin call, is prevention and preemptive action. Anyone doing margin, needs to know, in advance, in writing, the exact rules of the game. Anyone doing margin needs to know, at every moment, their margin %, and the % at which they'd have a margin call. And continuously do a realistic cost/benefit risk-balancing. If there is confusion after the fact, that means someone didn't do their homework.

I am hearing a vast amount of whining and finger-pointing, investors (or should I say, "investors") who are looking at huge losses, and looking for someone to blame. And looking everywhere except where they should, which is in the mirror. Sorry, but that's the way I see it. And if you don't see it that way, then you (and your relative) aren't going to learn anything from this expensive lesson.