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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (3714)	1/9/1999 7:56:00 PM
From: Ron Flanigan	Respond to of 17183

Margin accounts can eat up your profit. It makes the broker very happy. Now if you just borrow for a day or two I would guess that you might be able to make a wee bit. The problem is when you margin a stock and it takes a nose dive and you can't get out for several months. You just look at the interest charged on the monthly statement and pray that the dog you bought will go back to just even so you can square up the margin account. You can always have a stop loss order but odds favor your not taking the time to do so. I swore off margin money for 1999. In this first week with my own money I have had an increase of 298.5% if I can believe Quicken Deluxe 99's accounting skills. Good hunting!