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To: Craig Rogers who wrote (160)11/30/1998 6:37:00 PM
From: Ron Kline  Respond to of 550
 
Craig, This rumor has been around for a couple of weeks, and it's another attempt to get people out of Net stocks. There is so much speculation going on in the sector that they need something to start to scare enough people to start taking profits. This is a good thing to clean out excesses. The smart investor will ignore the rumor because it's just that. I would seriously doubt they would implement that. I'm sure those on margin today got the message on their own, no need to make rules in the market. That's my feeling on it and you will see that after a week the rumor will be long gone.
Ron

PS-My broker will not let me margin Yahoo of all stocks. Other brokerages have placed their own requirements so that's how I think it's going to be handled.