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Technology Stocks : JDS Uniphase (JDSU)
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To: Kent Rattey who wrote ()3/13/2000 11:34:00 PM
From: John Waddell, Ph.D  Read Replies (6) of 24042
 
JDSU and ETEK not marginable at Datek Brokerage.

I just received notice over the week-end that Datek has decided to make both JDSU and ETEK non-marginable.

Customers do not need to sell their margined shares, but they cannot buy new shares on margin. This is a disincentive to sell current shares, but also limits the new shares one can buy--which limits the momentum pressure on these stocks.

Commentators have reported that the Fed can't affect the Tech stocks with rate increases. The only way to limit them is with increased margin. Does anyone else know of other brokerages raising (or not raising) margin requirements recently on JDSU or other tech stocks? Thanks.
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