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To: Trey McAtee who wrote (15955)4/23/1999 1:55:00 PM
From: Frank Ferrari  Read Replies (1) | Respond to of 21342
 
Trey,

what are your thoughts on the OMKT action so far today? Are we heading back up?

Frank



To: Trey McAtee who wrote (15955)4/23/1999 11:03:00 PM
From: P314159d  Respond to of 21342
 
My point on the margin is a matter of impact rather than actual damage control. The Fed carries weight and to curb the margin is to limit OVERALL trading turnover. IBM up 24 or QCOM 57 may not happen because less borrowed money is in place. I think if it were coupled with futures margin curbs on the NAZ and SPX, you'd have some fear selling and less volatility


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