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

To: Rocky Reid who wrote (45780)	1/27/1998 1:12:00 AM
From: slipnsip	Respond to of 58324

<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.>> The math goes like this = $94 (current price) - $5 (closing price)= $89 points down. $89 2000 shares = $178,000 loss. Starting captial $94,000 - $178,000 (loss) = $84,000 owing to broker I believe an individual will recieve a "Fed Call" at 20% total account equity on stocks. House call thresholds will be set higher. Many have a house minimum of %50 equity requirement on a concentrated position or volatile stock position such as IOM. This prevents them from ending up like a collection agency should the account get into negative equity status like the above example.