SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?


To: Adam Nash who wrote (1401)5/22/1998 2:12:00 PM
From: Swamy S . Bale  Read Replies (6) | Respond to of 2020
 
<- Previous
Next ->
Message 1122 of 1123
Reply

My story...
swamy
May 22 1998
2:01PM EDT

I borrowed $5000 from my credit card(because of 5.8% interest) and bought SMOD at $28.
Used margin and bought more $28 7/8. Now
it tanked to $14 and my account is wiped out. All I have to do
is to send $2500 to my account to fill the margin call(to maintain
30% account ratio). Do you think I should fill the margin or sell the stock, use that $2500 to pay
off my credit card? If I hold it, how long I should be doing?

Any advice is very helpful.

Swamy



To: Adam Nash who wrote (1401)5/22/1998 3:07:00 PM
From: Wheats  Respond to of 2020
 
Agreed. Did the same thing, although you got a much better price; mine 14 7/8 near the opening. Remember, they are still making money and the stock will recover, don't know when though.