"Is the 100 percent requirement across the board for Nets, or only for certain stocks? If only certain ones, how many on the 100 percent list, and do other categories exist? 80%? 60%?"
There is a list of specific stocks.EBAY,AMZN,XCIT,CMGI,BCST,LCOS, GMGI,UBID,ABTL,MINE,CPTH,PROO,IPTX,ONEM. All require 100% margin to the best of my knowledge. I don't know if they're lending any of the non-IPOs for shorting.
The IPO's usually come off within a few days.
"As always, the solution is simple: know your client.
Ah, but these web brokers are going for economy of scale. If I had enough money to negotiate away these restrictions, I'd much rather negotiate a short rebate. <g>
Believe it or not, it's probably better for the health of the stock to not have a bunch of gamblers margined to the gills. I know I feel better holding my BCST in the type 1 account.
Barb
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