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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: trouthead who wrote (5823)1/14/1999 2:28:00 PM
From: Dorine Essey  Respond to of 8307
 
BPS,
I have made LOTS of money on MARGIN, but learned the hard way, that you should always keep enough CASH in case of a market like today.
I bought 2,000 shares of EGGS on margin when it was $8.00. I sold 1/2 of my position when I made a very healthy profit.

I also bought DELL on margin a little at a time. Bought only on pullbacks. I Now have a good share of DELL.

Today, is a good day to buy on MARGIN for many stocks.

Dorine



To: trouthead who wrote (5823)1/14/1999 2:53:00 PM
From: MskiHntr  Read Replies (1) | Respond to of 8307
 
JB, if you've only got $2000. You shouldn't have a margin account. You shouldn't even consider a margin account.

If you are unsophisticated as to the ways of the market that is another reason not to activate a margin account.

If you cannot lose the entire nut, the $2000 or whatever, you shouldn't be in the market at all.

Just because you "only" pay $170 per year for the privilege on trading on margin, that is not a good enough reason.

These instant riches can also turn into instant losses.

Please reconsider.

Best, Joe