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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (34342)	11/24/1998 5:39:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 94695

Actually, was from briefing.com: 15:52 ET Internet Stocks sector could be in for a bumpy ride should the SEC tighten up margin restriction; according to Salomon Smith Barney, tighter restrictions could be announced soon.

To: RealMuLan who wrote (34342)	11/24/1998 6:15:00 PM
From: Paul Berliner	Respond to of 94695

An internet margin rule wouldn't make a difference - its not like joe etrade is buying up 1000 shares a day of AMZN and YHOO (your average 'investor' doesn't have that kinda cash), its the day traders at the day trading firms - and they're leveraged 10-to-1. The Fed can't do anything about that! Whom do all the 1000 share lots belong to? Soes! Duh! Look at a time & sales for yhoo or amzn any day - you won't see any odd lots - thus only very few 'investors' are buying 'em.