Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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To: Sir Auric Goldfinger who wrote (416)	12/31/1998 5:11:00 PM
From: Rex Dwyer	Read Replies (1) of 3543

Revised Margin Requirements From my broker, Discover. Rex ------------------------- Revised Margin Requirements In order to reduce exposure to our customers and the Firm, Discover Brokerage is evaluating and adjusting our margin maintenance requirements for certain securities. Adjustments to our margin policies will be announced as they occur. Please be sure to check this area periodically for updates. Margin maintenance requirements are set by the rules and regulations of the New York Stock Exchange and other regulatory agencies. Individual firms may and often do increase the requirements at their own judgement and discretion. Margin maintenance requirements may change without prior notice. Review of margin requirements is quickly becoming the norm in our industry. We hope to protect our customers, as well as Discover Brokerage, with these measures. Discover Brokerage has revised the following margin requirements: Effective January 19, 1999, all stocks priced at $7 and under per share will be subject to a 100% maintenance requirement. Effective immediately, a concentrated security (that is, a security that constitutes 50% or more of the equity in an account) will be subject to a 50% maintenance requirement. Effectively immediately, initial public offerings cannot be margined for 60 days after their initial trade date. Effective immediately, the following stocks are subject to a 50% maintenance requirement: AMEN Didax Inc. AMZN Amazon AND Andrea Electronics AOL America Online ATHM At Home BAMM Books-A-Million BCST Broadcast.com BFLY BlueFly BVSN Broadvision BYND Software.net CBTSY CBT Group CDNW CD Now CMGI CMG Information Systems CMPL Computer Literacy CNCX Concentric COOL Cyberian Outpost CREE Cree Research CYCH Cybercash CYSP Cybershop DCLK Doubleclick DLIA Delia's Inc. DRIV Digital River EBAY EBay EGGS Egghead ELNK Earthlink EWBX Earthweb GBIX Globix GCTY Geocities GLCCF GLC Ltd. GMAI Greg Manning GNET Go 2 Net HAST Hastings Entertainment INKT Inktomi ITVU Intervu Inc. KLB Audio Book Club KTEL K-Tel LCOS Lycos MALL Creative Computers MSCC Microsemi Corp. MSPG Mindspring NAVR Navarre Corp. NETG Net Gravity NSCP Netscape NSOL Network Solutions NTPA Netopia OMKT Open Market ONSL Onsale PSIX Psi net RNWK Real Networks SATH ShopAtHome SEEK Infoseek SHRP Sharper Image SKYM Skymall SPYG Spyglass TFSM 24/7 Media TGLO TheGlobe TMCS Ticketmaster Online UBID UBid Inc. USWB US Web WAVO Wavephore XCIT Excite YHOO Yahoo Effective immediately, the following stocks are subject to a 100% maintenance requirement: AAGP Active Apparel AAIR Airtran ABOV Abovenet CNKT Connect GEEK Internet America INFO Infonautics INSP Infospace MLOG Microlog RMII Rocky Mountain Internet RMIIW Rocky Mountain Internet WTS 99 XMCM Xoom

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