SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jan m. who wrote (11808)2/20/1998 2:23:00 PM
From: Bonzo  Read Replies (1) of 31646
 
Posted this on the Fools board this am.

The first time I called and spoke to someone I received this explanation:

>>DLJ has now told me this AM that TAVA is no longer Marginable. Darn I tried to place a margin order and got the message "stock is not marginable". Called them up and they tell me even though TPRO was approved a couple of weeks ago for margin trading they do review these stocks and perhaps due to volatility will "pull the marginability" on the stock. I don't buy it. I tried arguing that it must be your computers not keeping track of the symbol change
and someone needs to update the change. I'm told no that the system keeps track by CUSIP (company/stock code) and that does not change. Anyone else experience this with their respective on-line trading accounts?<<

The second time I called and asked to talk to a supervisor I received this explanation:

>>DLJ Direct tells me that they will not margin TAVA until the SEC approves TAVA as marginable just as they already had done with TPRO on Feb 9th. And how long will that take? What is this nonesense? A formality that may cost folks wanting to buy on margin some $$$. A symbol change should not have removed this stock from marginability status.<<

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News