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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: GalSal who wrote (1195)4/20/1999 8:16:00 AM
From: DlphcOracl  Read Replies (2) | Respond to of 4337
 
***OT*** GalSal: On CNBC (8PM EST) most internet stocks are quoted higher on Instinet trading. Good chance we are going to see a bounce back today. Try to sit tight, at least through the first couple of hours after the market opens.



To: GalSal who wrote (1195)4/20/1999 9:03:00 AM
From: Irene Lynn  Respond to of 4337
 
GalSal..i saw your post while passing thru...if you're concern on margin call..you could always sell 1/2 your position..this way you can capitalize if the stock goes up..and buy back later on the next pullback...and if it goes down..well, you should be saved for margin..fwiw...but i agree about the timing both sides of it..and tax reasons..
happy holding or trading..
irene



To: GalSal who wrote (1195)4/20/1999 2:21:00 PM
From: brichard  Read Replies (1) | Respond to of 4337
 
>"If it goes down much more I can expect a margin call.">

In this situation don't respond (IMO) to the margin call UNTIL the
last minute. The brokerage or clearing house will give
you three days to come up with the cash to cover or else
sell securities. In this internet selloff case, the rebound back
will probably put you safely into green territory, and soon.

This advice is also a case of "been there, done that."

brichard


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