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Technology Stocks : Vitesse Semiconductor

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To: Robert Talty who wrote (330)12/5/1996 12:31:00 AM
From: Lionel Parker Perkins III   of 4710
 
Robert,
Thought this might interest you. Regulation T requires 50% in a margin account to trade. To buy $200,000 worth you need to put up $100,000. If the account drops below 50% it becomes restricted, and at 25% you would receive a maintenance call which would mean you have to pump in more money to bring the account back up to REG T levels. The rule works a little differently for shorts. I thought this info might be of some use in the future. Good luck investing. VTSS sure has been volatile lately!!! Reguards LPP
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