AOL will beat the steet. by 4 cents per share
over the estimates.
Here is another great stock
(BID.COM>>BIDS). It is cheap and is really going to take off. Look
at the last few day's of trading.
this stock for the last year and I can tell you
that almost everytime this stock jumps 15 to 20
dollars in a day it always pulls back some, than it
continues to go up. You can bet AOL will be up if not
tomorrow but before the end of the week.
you will not be sorry..........
Unfortunately, you can't simultaneously be short
and long in the same stock using the same brokerage
account. When you sell all your shares in a stock that you
hold a long position in, you are in effect doing the
same thing. It is exactly the same thing
mathematically as if you had 100 shares long and 100 shares
short. No difference.
As for whether you're
responsible for margin losses due to swings in price, I will
refrain from answering the obvious. I doubt you would
have asked that question if the stock had gone up.
Here is the true story about Dow8000.
night, he and his two other buddies got together. They
got into a betting game: "How many points will AOL go
down today?" To come up with a number, each of them
will take out his penis and measure it. His friends
came up with -$9 and -$6. Dow8000 came up with only
-$3. His comment was: "Damn it! even after I had used
Viagra, all I could get was a 3. No wonder why all my
girlfriends left me, including a 3-penny tijuana whore across
I assume that you mean you bought some stock,
it's down, and you want to sell it. Provided your
margin account maintains the minimum (in your case you
say it's 35%) you're fine. Meaning that as long as
your equity maintains 35% of the market value of your
account, you're OK. You get a margin call when your equity
drops below the maintainence requirement. Best thing to
do is call your brokerage and straighten out the
terms of your agreement. Some brokerages, like
Waterhouse, have people there after hours--Good luck
to volatile right now, you would be better off
shorting the same number of shares - - wait and see which
direction it turns before dumping one or the other
One thing is for sure, AOL is not going to go
flat-line tomorrow, you'll cover your losses regardless of
which way it turns.