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To: Joseph G. who wrote (4922)	9/1/1998 12:52:00 PM
From: IceShark	Read Replies (2) \| Respond to of 86076

and some speculators have no choice when their broker sells for margin call .. That is a strange and unpredictable situation, I believe. But in a down market I think the brokers will be less flexible on forced close outs of margined longs. I was short on IOMG (IOM) a few days early on the spike to $66. I was down ~ $200K and the broker called me. I gave him some BS about I have 3 days to pony up - it was a rather miserable conversation. The 3 days passed and the rain came. I closed out about a week later for $50k profit - the hardest 50 I ever made. -nfg- And I don't short on margin anymore. -g- Regards, IS