From Briefing.com......"Margin Requirements: according to Dow Jones, some brokerage firms are raising margin requirements on Internet stocks; it is still unclear how many brokerage and clearing houses have changed margin requirements, but margin maintenance requirements could be raised from the current average of 30% on top of the Federal Reserve requirement of 50% of a stock's value, to 40% or higher as brokerage firms are concerned that the value of many Internet stocks could drop very rapidly; among the stocks being mentioned are Amazon.com, Books-a-Million, Cybershop, eBay, K-tel, ONSALE, and Yahoo!....."
PS CNBC reported that Waterhouse and other firms have joined. |
