VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Luckyman who wrote (19492)	5/2/2000 4:24:00 PM
From: John Curtis	Read Replies (1) of 27311

Lucky: Brokers can do whatever they like with regard to margin requirement....well...mostly anyway. There's nothing except market forces limiting them from RAISING margin requirements, although if memory serves there IS a minimum. Perhaps brokerages are now doing this as a preemptive strike against Uncle Green Sammy, who has been making similar type noises. Then again....the brokerages could be clamping down, a la DOT.com style, on any equity they perceive as risky(whatever THAT means) or too volatile. It's probably a combination of all of the above. And if the "big boys/girls" are beginning to do this, then odd's are the smaller brokerages are, too. Given the hellacious increase in margin position, market-wide, over these past couple of years I can't say I blame them. It's a good way to reign in excessive behavior without doing too much damage to the market over-all. IMHO, of course. John~

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