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Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?

To: Swamy S . Bale who wrote (1403)	5/22/1998 2:19:00 PM
From: Adam Nash	Respond to of 2020

I'm afraid this is a textbook case why margin and leverage can be really bad for stock investing. Most likely, you should hold the stock, but you are paying a lot for the priviledge. Your question indicates that you were pretty unrealistic about the volatility and risk of holding stock. You should never buy anything you wouldn't want to hold for 3-5 years minimum... ideally indefinitely. I can't answer your question, but I can tell you personally I would own nothing in this market that you wouldn't want to keep for 3-5 years, and I would not be on margin/borrowed money at all. - Adam

To: Swamy S . Bale who wrote (1403)	5/22/1998 2:35:00 PM
From: J. Kittle	Respond to of 2020

Take as long as possible to fill the margin call and the price may improve. It may be awhile before we see enough price improvement to get you out of trouble. I would sell the stock at the last possible minute, to cover and hope you can get back in later. Hopefully this is not in an IRA, so you can use the tax loss. Just my opinion. Jeff

To: Swamy S . Bale who wrote (1403)	5/22/1998 2:43:00 PM
From: VincentTH	Read Replies (1) \| Respond to of 2020

Swame, No, I'm not going to say don't leverage on margin etc... because that's too late now, and that does not help you. If you have to sell something to meet margin calls, you can do 2 things: 1. send in $2500 for now to keep it above the water. 2. Sell some to avoid liquidation. You got 3 days to do it, so in either case, you have until Wed to sell. But then again, a lot of other people would be facing the same problem as you. The bottom line is the stock will pull up by Mon, Tue, due to short covering and drop down later in the week because of Margin calls. Just my opinion of course, and please take it with a grain of salt. //V

To: Swamy S . Bale who wrote (1403)	5/22/1998 3:30:00 PM
From: freeus	Read Replies (2) \| Respond to of 2020

Wow what a dilemma. This is a ridiculous price for SMOD. You could look at all the fundamentals again and see how strongly you like the company. Generally this is certainly too low a price to be selling it. But only you know if you are comfortable putting more money into your account to cover. Freeus Good luck good luck good luck good luck good luck with your decision.

To: Swamy S . Bale who wrote (1403)	5/22/1998 5:28:00 PM
From: Swamy S . Bale	Read Replies (1) \| Respond to of 2020

Thanks for the advice from many people. I have decided to hold for until next earnings. Who knows SMOD might post earnings that exceed .19/shr. What do you people think of Jabil(JBL) upgrade? Will it help SMOD? Regards Swamy