Mickey's Telecom Corner

[robjer]

yeah, those brokers give you a margin call at the drop of a hat--i remember when i bought my first stock on margin (Claires-CLE) before the days of Ameritrade, etc. and paying $60-80 per trade. Encouraged to go full margin and got really lucky and made enough in 3 months to buy the top of the big screen tv with the profits.

I thought margin was the only way to go until the next 5 stocks in a row, probably HA!

No margin for me anymore and the only stock I even own is BNVI-small spec biotech that I'm about 25% underwater on. but it's in IRAs so no hurry for recovery and I'm not buying any more of it so it's a waiting game.