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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: BDR who wrote (16082)12/13/1998 1:16:00 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 18691
 
Dale, no point in further discussion of the impeachment and Clinton's disgusting behavior that led us here. The point is that the impeachment procedings will be very negative for the market and are now likely to drag on for months with a related result that many of our pro-business Republican Congressmen will be thrown out by the voters in 2000 and we may face another 20 years of Democratic Congress. Let's focus on how to profit from the ugly mess.

I would guess that this mess will lead to long delays in meaningful social security or tax reforms. The hoped for investment of social security funds in equities is likely dead now. Additional capital gains tax reductions likewise delayed. Big new government projects delayed. Current white elephants live on.

Time to start building short positions.



To: BDR who wrote (16082)12/17/1998 3:07:00 PM
From: BDR  Read Replies (2) | Respond to of 18691
 
Revised Margin Requirements

In order to reduce exposure to our customers and our firm, the Discover Brokerage Credit Committee is evaluating and adjusting the maintenance requirements for certain volatile stocks. The first phase of this development will begin on December 16, 1998. At that time the initial list of stocks shown below will be subject to revised margin requirements.

As subsequent adjustments to our margin policies will be announced shortly, please be sure to check this area periodically for updates. Review of margin requirements on volatile stocks is quickly becoming the norm in our industry and we hope to protect Discover Brokerage and its customers with these measures.

Margin maintenance requirements are set by the rules and regulations of the New York Stock Exchange and other regulatory agencies. Individual firms may and often do increase the requirements at their own judgement and discretion. Margin maintenance requirements may change without prior notice.

Effectively immediately, initial public offerings cannot be margined for 60 days after their initial trade date.

Effective immediately, the following stocks are subject to a 50% maintenance requirement:
AMEN Didax Inc.
AMZN Amazon
AND Andrea Electronics
ATHM At Home
BAMM Books-A-Million
BCST Broadcast.com
BFLY BlueFly
BVSN Broadvision
BYND Software.net
CBTSY CBT Group
CDNW CD Now
CMGI CMG Information Systems
CMPL Computer Literacy
CNCX Concentric
COOL Cyberian Outpost
CREE Cree Research
CYCH Cybercash
CYSP Cybershop
DCLK Doubleclick
DLIA Delia's Inc.
DRIV Digital River
EBAY EBay
EGGS Eggshead
ELNK Earthlink
EWBX Earthweb
GBIX Globix
GCTY Geocities
GLCCF GLC Ltd.
GMAI Greg Manning
GNET Go 2 Net
HAST Hastings Entertainment
INKT Inktomi
ITVU Intervu Inc.
KLB Audio Book Club
KTEL K-Tel
LCOS Lycos
MALL Creative Computers
MSCC Microsemi Corp.
MSPG Mindspring
NAVR Navarre Corp.
NETG Net Gravity
NSCP Netscape
NTPA Netopia
OMKT Open Market
ONSL Onsale
PSIX Psi net
RNWK Real Networks
SATH ShopAtHome
SEEK Infoseek
SHRP Sharper Image
SPYG Spyglass
TFSM 24/7 Media
TGLO TheGlobe
TMCS Ticketmaster Online
UBID UBid Inc.
USWB US Web
WAVO Wavephore
XCIT Excite
YHOO Yahoo

Effective immediately, the following stocks are subject to a 100% maintenance requirement:
AAIR Airtran
ABOV Abovenet
CNKT Connect
GEEK Internet America
INFO Infonautics
INSP Infospace
MLOG Microlog
XMCM Xoom