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Message from discussion help! I bought 3000 shares 4 days and now I am getting these margin alerts?
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jbonepa...@gmail.com  
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 More options Mar 14 2008, 11:05 am
From: jbonepa...@gmail.com
Date: Fri, 14 Mar 2008 08:05:16 -0700 (PDT)
Local: Fri, Mar 14 2008 11:05 am
Subject: Re: help! I bought 3000 shares 4 days and now I am getting these margin alerts?
You need to call the broker whom you placed the trade with and have
him help you.  Whether it was etrade or another broker or whoever,
call them and beg for some more time.  You will need to get some extra
funds from somewhere so that you are not forced to sell your stock.
Your situation is very grave and I am very sorry that this has
happened to you.

What happened was that you bought on margin, which is borrowed money.
Then the value of your stock went down, meaning you have less assets
and can borrow less money.  So now you are forced to sell just to
cover the money you borrowed.  That is going to leave you with very
little money in your savings.

God Bless.

Everything will be alright for you eventually.  Ten or fifteen years
from now you will be able to look back at this and laugh, but right
now you need to do everything you possibly can to avoid selling the
stock.

Good luck.

Best wishes,
Jamie


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