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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Jun 26 5:00 PM EST

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To: Sir Auric Goldfinger who wrote (419)	12/31/1998 5:34:00 PM
From: David R. Schaller	Read Replies (1) of 3543

Auric, at first I thought these were just tighter requirements at a particular brokerage, but this was on the Schwab site: In response in the recent volatility of some Internet stocks, beginning December 3, 1998, the maintenance requirements for 25 NASDAQ Internet stocks will be changed. The 25 NASDAQ, listed below, will be subject to a 50% maintenance requirement. Margin maintenance requirements are set by the rules and regulations of the New York Stock Exchange, the American Stock Exchange and other regulatory agencies to the jurisdiction of which we are subject; and according to our sole discretion and judgment. Margin maintenance requirements may change without prior notice. Trades in these stocks should be placed with the new requirement in mind. The NASDAQ stocks subject to the new maintenance requirement of 50% are as follows: AMZN Amazon.com BAMM Books-A-Million BCST Broadcast.Com BYND Software.Net CDNW CD Now CMGI CMG Information CNCX Concentric Networks COOL Cyberian Outpost DRIV Digital River EBAY eBAY ELNK Earthlink Networks EWBX Earthweb GCTY Geocities GNET Go2net ITVU Intervu KTEL K-tel MSPG Mindspring OMKT Open Market ONSL OnSale TFSM 24/7 Media TGLO theglobe.com YHOO Yahoo GEEK Internet America INSP Infospace.com XMCM Xoom.com ABOV Abovenet Communications The date indicates its been in effect since early Dec at Schwab. If the new restrictions (or even tougher) become wide ranging it spells trouble with a capitol "T". Monday should be interesting, Dave

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