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To: IQBAL LATIF who wrote (21687)11/30/1998 2:45:00 PM
From: steve susko  Read Replies (1) | Respond to of 50167
 
are you still bullish on RUT for the month of december?



To: IQBAL LATIF who wrote (21687)11/30/1998 3:35:00 PM
From: steve susko  Respond to of 50167
 
Out of RUT for a small profit, dont like the premium on this thing. What are you looking at if we head south for a 5,7 or 10% retracement? like the oil sectors SLB, strong diverse company caught in the downdraft of oil. Look like you nailed the intermediate (at least) in the first tier Internets like Yahoo, AMZN. 2nd tiers might still rage on up, but it is crazy sector.



To: IQBAL LATIF who wrote (21687)11/30/1998 4:09:00 PM
From: James Strauss  Respond to of 50167
 
Margin Requirements Being Raised...

Ike:

The U.S. Clearing Corp is raising margin requirements on 70 of the hottest internet stocks... You may need 70% equity to margin some stocks... Others may go off margin completely... This is to cool down the current internet speculation based only on momentum... The internet sector should take a big hit...

I'm about 80% cash as of today...

Jim