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The Schwab issue needs some clarification since I first introduced it. I deal with Schwab. I like themn; executions are timely and good; their online services are , to me anyway, relatively quick. On their website they list some fifty securities, internet related, with the 50% margin requirement, up from their normal 35% rate. I called them and specifically asked them about Navr, since Navr was on that list, and since I hold a number of shares of Navr I was curious as to how the margin requirement affected my account. On the account executive's screen, he said that , according to him, Navr was trading on the normal 35% margin requirement. That was yesterday; he checked with Scwhabv's margin division and they too said that Navr was still on the 35% requirement, even though it is a stock lumped with the others , on the website screen. He again checked this morning with the margin division and was told the same thing: Navr, at 35%. With all the volatility in internet stocks, to trade navr at 35% and the others at 50% is still, to me, a pretty good deal. |
