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Technology Stocks : Wind River going up, up, up!
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To: Snowshoe who wrote (3850)1/22/1999 2:10:00 PM
From: Richard Forsythe   of 10309
 
I spoke to Schwab again today. It seems that the lists the phone people have are slightly out of date compared to the website -- I was told that the web was most likely correct. Also, he said that the list is defined by Schwab -- so Schwab could be encouraged to remove WIND from their list.

Of course, today's "move" will serve to justify Schwab's action. I wonder if a large holder of WIND on margin just got forced into selling by Schwab's new restriction?

Btw, they calculate the dollar-weighted average of the 35% and 50% margined stocks. So if you have $10k in WIND and $20k in MSFT (or whatever), with a $15k margin balance, your margin call %age would be about 40% (50*.333+35*.667). Of course, with the drop, WIND is now a smaller %age of the portfolio, so the %age goes down too!

Richard
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