America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Ed Forrest who wrote (25451)	7/11/1999 10:07:00 PM
From: Jim Baker	Read Replies (2) of 41369

Ed - Do you or anyone else on the thread use Fidelity? Has Fidelity changed its margin requirements? I have a small margin account, 300 AOL, nothing else, and margin debt of $5408, tailored to AOL in the 90s and Fidelity's 20% margin policy. My most recent on-line balance statement says "Equity Buying Power = $32,760", which implies a total margin of $38,168, i.e., about 50% of market value (300 shares) = $38,475. What's going on? Are other on-line trading vendors more consistent on margin policy? Jim

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