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Non-Tech : E*Trade (NYSE:ET)
ET 16.41-1.1%Jan 5 3:59 PM EST

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To: Oeconomicus who wrote (5824)4/8/1999 11:12:00 AM
From: Paul Fiondella   of 13953
 
Curiosity on margin requirements

I've found my broker claiming its clearing house requires 80% for any margin purchases or shorts of this stock. This compares to a normal 30% and in some case 40% for a concentrated position.

What are you finding?

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If these requirments are typical, then this price movement could be attributed to a massive short squeeze exacerbated by these incredibly high margin requirements.

After all who would hold this stock short and meet those margin requirements --- nobody!
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