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To: David L. Carter who wrote (4540)8/25/1998 9:07:00 PM
From: James Hutton  Read Replies (1) | Respond to of 8359
 
This is the stuff bear markets are made of. It's hard for me to find a stock that I own or have owned that hasn't undergone some sort of actual or near capitulation for a real or perceived reason.

At the risk of sounding cruel, anyone (especially in small caps) who hasn't lightened up their margin over the past month or two has been begging for a margin call. I've done so at the cost of taking 28% out of some short-term gains, but that's a lot easier to stomach than to have to give up a stock you like because of bullshit situations like today's.

Jon