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Technology Stocks : NUKO INFORMATION SYSTEMS

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To: Jon McHugh who wrote (2386)7/11/1997 5:01:00 PM
From: Scott Stents   of 3509
 
Jon McHugh - Your message response to hcm is actually incorrect. Margin call is ultimately set by Fed Reserve Board, but most brokerage firms, as I'm sure a knowledgeable fellow as yourself knows, set more conservative required equity (i.e. 35%) above the floor of the Reserve Board. Additionally, most firms adopt risk management policies which will not allow clients to margin stocks which are less than $5 / share, due to volatility concerns.

Please, before bickering at hcm, get your facts straight.

PS - Im glad you are losing your shirt on this one.......cause Im out of the position :)
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