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Strategies & Market Trends : Trader J's Inner Circle
NVDA 179.99+1.7%Dec 1 3:59 PM EST
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To: snerd who wrote (4479)1/15/1999 12:52:00 AM
From: Triffin  Read Replies (1) of 56535
 
Snerd..

Generally stocks under $5.00 will not
qualify for margin ie a 'loan' from
your broker..

Here's the math..take the 'cash' value
of your account minus the entire value
of any holdings priced below $5.00

Multiply this amount X 2.

This is your 'buying power' and
the maximum 'cost' of any subsequent
purchases you may keep overnite.

If if your account is 'flat' ie
just cash..then your can buy twice
your cash value and hold overnite
provided the $5.00 minimum price
requirement is met..

whew..

Jim in CT..
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