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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: S Shaw who wrote (9066)	12/30/1997 6:47:00 AM
From: Pancho Villa	Respond to of 9285

ESW: WDRY margin requirements. Will call Fidelity today to check share avail. and margin requirements and let you know. I know share price (usually stocks under $10 have 100% margin requirment instead of 50%), where it trades BB stocks may have a larger requirement, but different houses have different criteria coming into the equation. In the case of WDRY if they look at the Balance Sheet at all, the leverage is so high that I have no doubt margin requirement would be close to 100%. If you look at the Debt/equity relationship/ratio you will notice tha company actually belongs to the bond holders and these are also getting ready to jump ship. Pancho