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

To: Mama Bear who wrote (57678)	4/28/1999 12:12:00 AM
From: James F. Hopkins	Respond to of 132070

Mama Bear: It's good to hear from You. <G> I had a feeling that was the case but wasn't sure. I never have used margin that much, but I'm getting my confidence up now as my trading style has improved a lot and I feel I have gotten "risk management" down fairly good. So I'm looking at using margin & maybe to the limit ; as the trades I flip now are not high profit home run types and so rolling the leverage up with out paying premiums appeals to me. I don't picture myself as a day trader yet that's what often happens to about a 3rd or 1/2 of my trades now days, the biggest trades stay paired off ( or hedged ) long one / short another, with certain selected picks, but then there is this scalping of momentum that I'm playing more of all the time. I will need to re name my self Mo Mo man if I keep at it. I went to WaterHouse Houston ( post oak office ) Friday to hammer a few things with a broker face to face, They were real real busy , I finally got one in the conference room for about 30min, he didn't exactly give me the bums rush but I could plainly see he was under pressure to keep it brief, and so I didn't get all the answers I wanted as clear as I wanted them to be, and I even forgot some of the questions I wanted to ask him. I've been there a few times and never before have I seen as many people ( newbies ) filling out forms with starry eyed I'm going to get rich looks. They looked more like a school of mullet than any I ever saw in Vegas or at the race tracks, at least at the tracks most people know how to handicap some, these fish are just looking for "hot tips" that I guess they think CNBC will give em, O well from what I saw the real mania could just now be getting started. I'l send you a privet message and try to pick your brain some more. Jim