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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (5824)	4/8/1999 11:12:00 AM
From: Paul Fiondella	Respond to of 13953

Curiosity on margin requirements I've found my broker claiming its clearing house requires 80% for any margin purchases or shorts of this stock. This compares to a normal 30% and in some case 40% for a concentrated position. What are you finding? ================= If these requirments are typical, then this price movement could be attributed to a massive short squeeze exacerbated by these incredibly high margin requirements. After all who would hold this stock short and meet those margin requirements --- nobody!

To: Oeconomicus who wrote (5824)	4/8/1999 1:58:00 PM
From: scanshift	Read Replies (1) \| Respond to of 13953

R.D., I am going for the hat trick. This is my third short at EGRP, the first two worked out fine as you can see from my prior posts. On my last short, I had a trailing stop against a 10 point profit I had in the stock and ended up only making a few points gain ( see my post 5676) when the stop was hit. Granted, I would have made 7 times the money playing this stock from the long side like ecommerceman but I did not have the comfort factor to play it that way. The only time I was bullish on EGRP was extremely short term (a few hours) when we had our closes above 10,000. Anyway, the discipline of having a stop while working a short cannot be said enough. If you short, you must have a hard stop, or have calls against the short. As far as the hat trick, I am going to try fading this awesome freight train again just till the close today. I am a seller at 94 risking 95 1/2, looking for lower, but with no specific price in mind. I will be out by the close.