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Technology Stocks : Softbank Group Corp

SFTBY 50.04

-11.1%

Nov 25 3:59 PM EST

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To: Edwin S. Fujinaka who wrote (4986)	4/26/2000 9:27:00 PM
From: manohar kanuri	Read Replies (3) of 6020

You should probably let go of the "April 30" record date - might just have been a mistake... the 30th is a Sunday.... As for margin issues, I'm not quite sure I understand the concern. If SFTBF is not marginable, it can drop to zero for all that it matters and still not trigger a margin call. Or is everyone forgetting that "marginable" means a stock is eligible to be counted as equity for determining margins. If it's not marginable you can't buy it in your margin account, and having bought it in cash, you'll find it 'deducted' from the overall equity eligible for margin... think of it like options positions that are not marginable.... unless they've changed things on me, if you have a margin account, even though you get one statement you actually have two (notional) accounts at the brokerage- cash and margin ... and all the non-marginable stuff is lurking in the cash shadows... all afaik, bwdik... mk EDIT: just to clarify...if you have a 100 in cash you're eligible for 50 in margin. you buy 20 in non-marginable softie, your eligibility is now 40. your softie goes from 20 to zero - no big whup...wasn't counted in the first place...

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