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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: slipnsip who wrote (45779)1/27/1998 1:00:00 AM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
I mean, if you're so in over your head, what happens?

Say, I were 100% in AOL all at $94, say 1000 shares. I am also 100% on margin for another 1000 shares at $94. Now, tomorrow, say AOL tanks to $5 before I can get out.

$10,000 current cash value of AOL position (2000 shares*$5)
($94,000) margin loan (excluding interst for simplicity's sake)

Do I now owe $84,000 in cash to my broker? Wow, that blows.