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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (56788)	4/21/1999 8:27:00 AM
From: gbh	Read Replies (2) \| Respond to of 132070

Michael, you know I'm a bull, but even I have to laugh at this, especially the school teacher. From today's WSJ Interactive: interactive.wsj.com On the Silicon Investor message board devoted to Network Solutions Inc., the company that registers Web addresses, one New York short-seller wrote: "Surprising how quiet the thread can get. Can you say 'margin call?' " The investor, who goes by the name "Cmon" on the Silicon Investor site (www.techstocks.com), said later in an interview that he didn't want to be named. By Tuesday, at least some investors were breathing easier. Glenn Rudolph of Meadville, Pa., who describes himself as a full-time trader, said he received a margin call from his broker, DLJ Direct, after the value of the stocks in his portfolio slipped below the minimum requirements set by the firm, a subsidiary of Donaldson, Lufkin & Jenrette Inc. But he said that his margin account, which includes such stocks as Intel, Cisco Systems and America Online, had sufficiently recovered Tuesday that he expected his portfolio to meet the brokerage firm's requirements. "I was nervous a bit there, but things are looking better now," he said. Others were still worried. Lynn Badler, a public-school teacher in Alpine, Calif., said she expected to hear from her broker "anytime now." She said she had bought shares of Dell Computer on margin at $50. But with the stock down sharply, she was expecting that she would have to come up with as much as $40,000 or face having her account liquidated. Dell closed Tuesday at $38.1875, up $2.75, in Nasdaq Stock Market trading. She added that she wasn't terribly familiar with margin trading when she started doing it, but figures she will now get a thorough tutorial. "I have to feel the pain before I know what I'm doing," she said.