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Technology Stocks : Read-Rite -- Ignore unavailable to you. Want to Upgrade?

To: Dennis R. Duke who wrote (3383)	6/2/1998 12:48:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 5058

<< Believe me, My Margin Monster is right there, too. RDRT has me right on the edge of a call. The two weeks that John had told me in that first conversation is up and I needed it to happen to make MMM go away, but it didn't yet. Hanging on for quals to get announced has not been fun. I have been expecting a margin call everyday for the last 7 days. While my account has gone down each day during that time, so far no call. I am down 32.3% from a peak on 5/13. I wish you the same luck, as to not having a margin call. And I wish us both the opposite luck as to the account balances. P.S. How are you going to buy at $8 if you're against the margin wall? Dennis>> I see that I am not alone in taking a 30-35% haircut since early May, the whole year gain is gone, I think I am even be in the red ... The magnitude of some of the decline really caught me by surprise, and we are just getting into earnings preannouncement whcih makes me really nervous. The margin guy might call me anytime, if I have to double down on this dude, I just have to sell some of the other dudes in my portfolio (which incidentally is almost vaporized)