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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Patric who wrote (13082)4/4/1999 8:45:00 PM
From: Mad2  Read Replies (2) of 27722
 
Patric
When a stock is placed in a "no margin" catagory that simply means you need to have an equivelent amount of cash value to cover your position in that stock. One brokerage account (a margin one) I use is Datek, where NAVR is catagorized as "no margin", however I CAN short NAVR in this account, provided shares are available to borrow. If they aren't the stock is idenitified as a NS or "no short".
Of course you can't use a no margin (such as ira) account to short, however the term "no margin" as a catagory for a stock refers to the fact you need cash rather than margin to cover your position (applies to short and long positions).
Reagrds, Mad2
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