International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bob Markley who wrote (23826)	10/30/1997 5:03:00 PM
From: Proton	Read Replies (1) of 35569

Re: Margin Requirements Ameritrade dropped margin to 40% from 50% due to the cls below $5, ... but still marginable. Does anyone know if this is standard Nasdaq procedure when a stk closes below $5 ?? Individual brokerage firms may set margin requirements more strict than the Fed allows. We have seen three examples here: 1. Ameritrade dropped margin to 40% once the stock breached 5. 2. Scottsdale has said "no dice" for a while. 3. Waterhouse lets it stay on margin until it drops below 4.125, then it's yanked to the cash account. I don't know what happens when a stock drops below that number, then climbs back above it. Pý (still wondering if AG is in IPMCF) p.s. [edit] Make that four examples, with Anne's (which is different than the others).

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