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Technology Stocks : Zitel-ZITL What's Happening
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To: Marconi who wrote (16882)7/28/1998 4:07:00 PM
From: Timoteo   of 18263
 
In general most brokers (including mine) require stocks to trade above $5 to be marginable. It makes sense since stocks under this price tend to be more volatile. Many funds will not hold these stocks and so someone who has bought a lot of ZITL on margin will not only face the prospect of lower equity but also that the broker might not allow the stock to be on margin. My experience is it depends on the broker and who you are. I have had stocks fall below $5 and not have it been a problem but could not buy stocks under $5 on margin. On the other hand you can play the shell game if you have marginable stocks in your cash account. $5 is also a key psychological barrier.

Best,

Timoteo
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