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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile? -- Ignore unavailable to you. Want to Upgrade?


To: Guy E. Fleming who wrote (472)4/15/1999 10:00:00 AM
From: Tommaso  Read Replies (1) | Respond to of 1390
 
It seems to be down more than $12 now. Margin calls?



To: Guy E. Fleming who wrote (472)4/15/1999 11:10:00 AM
From: yard_man  Respond to of 1390
 
I think people realize the market is very frothy -- generating lots of trading revenues ... this will also be true as people try to bail out -- then trading revenues will shrink.

The volume of stocks traded is at a huge record with respect to GDP -- some think this will persist. We shall see ...



To: Guy E. Fleming who wrote (472)4/15/1999 8:15:00 PM
From: Mike Gordon  Read Replies (1) | Respond to of 1390
 
Sorry for the late response. The SCH numbers were good based on inet standards. However, is this an inet stock? Last month I sold covered calls at 95 and 115 and was probably one of my best trades. However, I was concerned when it dipped to 113. I felt better after seeing the premiums on the May 99 115 calls. I hope I get called out tomorrow. Along with holdings in several other techs, if the calls get exercised I'll take a break until this market finds direction.
However, don't under estimate the strength in SCH. I suspect it will become the AMZN of the on line brokers.

PS Also look at ONE and their potential for on line banking and billing.