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Politics : Formerly About Advanced Micro Devices
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To: Mani1 who wrote (106114)4/16/2000 7:29:00 PM
From: Bill Jackson  Read Replies (2) of 1573909
 
Mani, In Canada the minimum margin in some listed stocks is 50%. Many exchange stocks are not marginable or are marginable at rates higher than 50%, depends on their trading value and the province and brokers rules.
I had though that 50% was the minimum margin for any stock. In 1929 it was far lower and I have heard that is was 5-15% which accounts for the rapid wipeout of leveraged people....at 5% if a $20 stock fell $1 you were wiped out.
After that it was raised to a min of 50% I had thought?

Bill
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