LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (5024)	12/28/1998 11:47:00 AM
From: tom pope	Read Replies (2) of 43080

One thing to watch out for if you use e-schwab -- Not all stocks are created equal for margin purposes - i.e., you can't assume that any stock above $5 will be marginable. Case in point - I bought 2000 RMII on Thursday, and found a margin call today - RMII is not marginable at Schwab. Not a big deal in this case since the call is for a small amount, but you could get your toes in a wringer if you decided to use margin aggressively. I don't see any where on their site a list of these non-marginable stocks.

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