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Margin calls are getting old!
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farmman
Posted 10/24/2009 16:13 (#898093 - in reply to #898007)
Subject: RE: Margin calls are getting old!


Goff Kansas
settle down a bit...  Come on now.. You had to know a little what you were getting into before you started.  Don't look back..  It is a hedge..  Stay the course.  We are in the same boat, and the margin Gods have been calling with great frequentcy.  It is hard, but if you get out now, and it tanks, you will lose all you put in, and instead of 9.11, you will be sitting at 8.11.  Use it as a experiment if you want, and keep track of it along with interest.  Then watch your basis between now and when you sell, and figure what you gained or lost.  My bet is a gain, and to boot, you won't have to worry about the elevator going belly up and losing the contract all together.    You  could use puts, but that gets expensive in a hurry to.  Let the emotional rollercoaster takes its course, and if you throw up this time, don't get back on..
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