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Technology Stocks : ICOM: Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: John Quist who wrote (17)12/11/1997 10:42:00 PM
From: Tom Chops  Respond to of 494
 
There is no question that there are some investors that got in this for a ride up at 9-11, and look at taking the losses to diminish some other gains elsewhere. the volume of almost 3X prior session, and down in price may bbe a buy signal - or sell signal. Does anyone know how to interpert these things?
Thanks,

Chops

Thanks



To: John Quist who wrote (17)12/12/1997 8:15:00 AM
From: Wallace Rivers  Read Replies (1) | Respond to of 494
 
My acquaintance knew he would have a "margin call" per SEC requirements today, as he had bought stock "on margin": he was, in effect, using his stock portfolio as collateral for a loan which his brokerage firm was providing him. The SEC has minimum maintenance requirements which he went under (portfolio value went down), thus he was FORCED unwillingly to unload part of his position.


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