Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Jacob Snyder who wrote (106827)	10/11/2001 3:19:52 PM
From: JohnG	Read Replies (2) of 152472

Jacob. Hi. I understand that the surprise was when he was told that he must more than meet the maintenence of margin requirement by a factor of 3X the amount of the expected amount. For example, if he hit 28% when he needed 30% equity, then the evidentally added equity of 3 x 2% or 34% equity and this was due to having an account concentrated in 1 stock. The question is whether this is an Exchange requirement or some SSB requirement. He was apparantly advised that it was an Exchange requirement--ie voice of god and all that. I was a little shocked my the whole incident as I never considered it safe to go below 70 to 75% equity -- especially in this market.

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