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To: danjo who wrote (5879)4/22/1999 4:13:00 PM
From: Silicon Trader  Read Replies (2) | Respond to of 7701
 
Well MBA always finds out what is going on - here is the scoop !!

Today's sell off was caused by a margin call, a very large shareholder had a broker initiated sell of this NORAM stock today as a result of loss's he took on some other stocks that just so happend to be on margin.

The person in question is in tear's over this sale, and pleaded with his brokerage to not do this. Unfortunately the SEC rules won out over his personal desires !!!!!!!

No one wanted this to happen, however we bounced very nicely and filled some technical gaps in the chart , up elevator !!