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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Binder who wrote (1158)	5/27/1998 5:06:00 PM
From: Islander	Respond to of 4142

Can't figure! LOL..eom

To: Binder who wrote (1158)	5/27/1998 5:08:00 PM
From: Jay Lyons	Read Replies (1) \| Respond to of 4142

You may have bought in your margin account, but you did not buy "on margin". Your purchasing power declined 100% of the money that you purchased the warrents with, not 50%. Least wise that's how it works at Fidelity. Jay

To: Binder who wrote (1158)	5/27/1998 5:11:00 PM
From: Galirayo	Read Replies (1) \| Respond to of 4142

I know what you are saying. I ended up buying on Margin yesterday as well. Then today .. when I sold a Dog to buy more Ws ... they sold it at he High of the Day on the ASK. I'm not even gonna ask. I'll just Smile and Wave goodbye. Ray Now, maybe I should move that Money Market Stuff over into Stocks again? Disclaimer: Call me conservative.

To: Binder who wrote (1158)	5/27/1998 5:17:00 PM
From: Oscar	Read Replies (1) \| Respond to of 4142

Well, that's the difference between using a stock to create margin and buying the stock with margin. If I have 1 share of BRKa (trading at $70,000 per share) and a 50% margin agreement with my broker, the BRKa will create $35,000 in margin availability. With that, I could buy 70,000 MIDLW at 50 cents per share, even though MIDLW is not marginable. I would then not be able to buy anything else from that margin position, because the MIDLW is not marginable. If, on the other hand, I use the $35,000 in margin availability to buy 500 shares of XON at $70, that marginable position will in turn create another $17,500 in margin availability. Why am I rambling on about this? Anyway, I usually hold all stocks in my margin account beauce it creates more flexibility for me in the long run, whether they specifically are marginable or not. Enough! Long and strong on MIDL MIDLP MIDLW! Oscar