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To: Jan Crawley who wrote (10319)7/14/1998 3:12:00 PM
From: H. Lee Grove Jr.  Read Replies (2) | Respond to of 164684
 
Jan, Have you been following trade size; a lot of small trades--I would assume going to the retail buyers. If these retail buyers are as ignorant about keeping cash reserves as they are in choosing stocks, we could see a whole slew of margin calls when this thing hits mid 80's. There was also a lot of retail(I know this is an assumption, but what else in such an absurd scenario...) at $100 going up the first time, which could lead to another round of margin calls at the mid 70's. When this thing hits the mid eighties we could see a two-day avalanche that would land it in the 40's or 50's...

Your thoughts? Anyone else?

LEE1