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To: Frank Ellis Morris who wrote (21832)	12/11/1998 12:01:00 AM
From: Sonny McWilliams	Respond to of 27012

Frank. I don't think we will be in a gloom and doom again per say, but it could get a bit rocky. After I posted earlier today, I was watching the hearings again and I don't know, it looks pretty serious for Mr. Clinton, as far as impeachment is concerned, the way I see it. I have no idea why the markets would get so shook up over all this. It's not a removal from office only a referral to the Senate and most everybody that counts is convinced that it will die there. Maybe they would give him a censure there. But I still hope that the market will go up tomorrow. Thursday's have been bad lately and Friday's have been good. I went over my business channel tapes tonight and noticed that there was a lot of internet stock bashing. I guess they fig. that today it would work. gg. I am still convinced that AOL will look good in one year from now. Margin. Hm. I am running out of ideas on how to explain this to you. gg. I try again. Let's say that you buy 200 shares of AOL for 18.000 in a separate margin account, not your cash account, you would have to come up with only 9000 at 50% margin (You pay for only 1oo shares). So if AOL doubles, you will have paid for the 100 shares you put on margin. Not counting interest. In this scenario, if you bought everything at once on 50% margin, you would have to come up with some money if the stocks go down for a while. On the other hand, if you have all your stocks in a margin account and you buy 2oo shares of AOL at 18.000(you again pay for only 100 shares)and if your total portfolio goes up by 9000 dollars, you are then off margin. You will have paid for those 1oo shares. It only works of course if the stocks go up. gg. If you need further help on this post by PM and I will give you other figure examples. I just checked the Globex futures and everything looks black. Not by much though. So maybe my theory of the last cpl of Fridays will work. Sonny

To: Frank Ellis Morris who wrote (21832)	12/11/1998 1:48:00 AM
From: Sonny McWilliams	Respond to of 27012

Frank. Read the second link. You may enjoy your cup of coffee a lot better after Thursday's debacle. Message 6785236 Sonny