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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 224.55

+1.8%

12:02 PM EST

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To: Bill Harmond who wrote (81013)	10/18/1999 12:36:00 PM
From: Lizzie Tudor	Read Replies (1) of 164684

The banking/brokerage industry has already taken measures to protect itself from loan losses caused by a panic in Internet issues by dramatically raising margin requirements for stocks in the sector at the beginning of 1999. To my knowledge those stiff requirements are still in effect. Margin requirements seem to get stiffer every day. Early this year there were only a few stocks that were completely non-marginable. Dclk for example was 50% marginable, but amzn was not, yahoo was not. But now, almost all the IPOs I'm interested in never seem to become marginable at all. ICGE, arba, cmrc, iiji, agil... none of these are marginable at all for me at Discover... I'm fed up actually. I don't think there is any reason to make agil non-marginable.

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