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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (34698)	4/19/1999 6:57:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

As I said, I really don't remember, but you may be right on the 25%, it sounds familiar. The most liberal brokerage I know of is the one you and I use, and the floor is 30%. Then you have to crank equity back to 50% to keep the position, (according to internal rules), so it can be rather vicious. I know the brokerage rules are tighter than the Fed's. I nearly lost my nutz on a short when IOMG went against me on the final spike and they threatened to close me out. I was able to delay them and the next day it went my way to clear sailing. Down a 100k one day and up 25k a few later. I quit using margin on supposedly quick shorts after that experience. -g-