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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (7966)	2/5/1999 5:29:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

*OT* John Kim graciously provided some graphic art for the website: home.earthlink.net - see the bottom of the page home.earthlink.net - nothing else here yet but the header. Thanks, John!

To: Jay Lyons who wrote (7966)	2/5/1999 6:18:00 PM
From: AlienTech	Respond to of 43080

Dear Mr. Alien Tick: Due to recent market conditions, Datek Online raised the minimum maintenance requirements for select volatile stocks and all short positions. In addition, the equity account ratio at which positions in a margin-enabled account may be closed out has been increased to approximately 10% from 5%. We raised the minimum maintenance requirement for certain securities from 30% to 50%. To view a list of these securities, please refer to volatile stocks in the Portfolio area of our Helpdesk. For all short securities trading above $5.00 per share, the maintenance requirement has been raised to the greater of $5.00 per share or 30% of the current market value. If the short market value is below $5.00 per share, the maintenance requirement becomes the greater of $2.50 per share or 100% of the current market value. Lastly, if at any time your account falls below approximately 10% equity, or if market conditions warrant, Datek Online reserves the right to immediately close out some or all of your positions with or without notice, at our sole discretion. If we can provide you with further information please contact our Customer Support Team at 1-888-Go-Datek (463-2835) or e-mail margin@datek.com. Thank you. Sincerely, Margin Department Datek Online Brokerage Services Corp. Member NASD/SIPC

To: Jay Lyons who wrote (7966)	2/5/1999 8:27:00 PM
From: Dave Shares	Respond to of 43080

Well, let's just say that there was more to be made on the short side of EGRP, and my inability to timely place trades denied me additional opportunities. I also regret to say that I had a few losing trades on the short side as well, but those were not anyone's fault other than the person who placed the trades. It was a real debacle, and I have only myself to blame for not having dropped them earlier. So much wasted time and the only good thing I can say is that they are good lessons in patience, but I'd prefer my patience to be tested elsewise, I mean, I have two kids that do that already ! Have a nice weekend. David