Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Scottoo who wrote (34027)	4/21/1999 9:23:00 PM
From: Y-fall	Respond to of 43774

Scottoo, I don't buy on margin with penny stocks. I'm getting buzzed so forgive me if I said I was buying penny stocks on margin. The bottom line is "I pay $29.95 for Schwab" btw - I hear CNET is going to kick butt by the end of the month!!! ML told me.

To: Scottoo who wrote (34027)	4/22/1999 12:08:00 AM
From: barbara sperino	Respond to of 43774

Scottoo some people have margined accounts so they can also short stocks. Many good traders play the market in both directions. Many different reasons to have a margined account in today's market than just borrowing. but I don't think they should have dropped the amount to open one . You can open a margined account today for the same price as a regular account. It use to be a min. of $25,000. I do believe what happened in 1929 had a lot to do with the fact that people in many cases were buying stock with only about 5% of the cost in their accounts.

To: Scottoo who wrote (34027)	4/22/1999 2:31:00 AM
From: Siber	Respond to of 43774

but I want to offer good advice And good advice it is Scottoo. First time I had a margin call I almost had a heart attack but managed. Second time Mr-lene had to bail me out because I couldn't cover....and when you are competing with portfolios that hurts! He didn't let me forget that for weeks. Nag, nag, nag. I have learned my lesson about that kind of trading long ago...won't make that mistake again. Oh, I'm getting back at him now though. He's showing shades of red in his account. <snicker...cackle> Marginless-lene