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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Bob who wrote (18029)10/9/1998 1:02:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 77400
 
Bob,

You're taking me too seriously. I'm aware of all that, but the point I made is still worth evaluating nonetheless.

OG



To: Dr. Bob who wrote (18029)10/9/1998 3:31:00 PM
From: Eric  Respond to of 77400
 
Bob

Margin can be a killer here. One of my best friends got a margin call of over $150,000 on Wednesday. I had been pleading with him since early this year to get out of the majority of margin but he didn't.

Greed finally got him. He had to sell some of his Cisco that he had bought last week at 60+ per share.

I carry margin but keep it to less than 20% of my portfolio.

Your right, the majority of highly leveraged margin holders had to sell this week. That should help form a pretty solid short term base here.

Eric