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Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: SkyDart who wrote (981)	12/1/1998 8:51:00 PM
From: Tom Hua	Read Replies (2) \| Respond to of 1634

Jeff, I think it's a good idea to raise the margin requirement on volatile net stocks. But frankly, I think they should make these stocks nonmarginable. ONSL lost almost half its value in 30 minutes yesterday. Raising margin from 30% to 40% is not gonna make a significant difference. As I mentioned today, MALL is no longer marginable at Datek. I applaud their decision for imposing the restriction. I raised my short term short target to about 50 and maintain my short term long target in the low/mid 30s. I'll only trade when I feel they're high percentage trades (ie., high winning probability). For example, I'll not take any position between 37 and 45 tomorrow. Those are not high percentage trades at this point. I understand that the IPO will debut on Thursday, so I have only tomorrow to do some daytrades if the opportunities arise. The moment UBID first trades, I'll look at my recipe and act accordingly. Good luck to you too Jeff. Regards, Tom