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Technology Stocks : Zitel-ZITL What's Happening

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To: Timoteo who wrote (16878)7/28/1998 10:10:00 AM
From: Marconi  Read Replies (1) of 18263
 
Hello Timoteo:
Your prediction of under 5 by end of week and margin calls start--please explain the implication margin calls start at 5? One broker I use requires a heightened reserve for stocks under $16 per share (it's a minimum of $5 per share margin or marginable securities twice that amount). If there is something special about a $5 ZITL price that is general throughout the brokerage industry, that could be a material factor in this market, which appears to be narrowing--a narrowing concentration of risers, and the balance of stocks going nowhere or slipping.
Best regards,
m
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