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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: AmericanVoter who wrote (10468)6/20/1999 10:46:00 AM
From: ChinuSFO  Read Replies (1) | Respond to of 19700
 
<<....but I would interpret raising the margin requirement as fear of a fast precipitous fall that a 50% or 80% margin may not be enough to cover the broker...>>

Amein, AOL is an Internet blue chip. As a result, funds hold a substantial amount and by their doing so they lend some stability to the stock price. So, I do not understand why they would impose 80% margin restriction on a Internet blue chip such as AOL. Further more, AOL will move up consistently these few weeks as it is quarter ending in June and funds that do not own AOL or own the required percentage of shares of AOL as required by S&P, will have to move in to buy to balance out their % holdings. If margin money flows in along with their money, what do you think it will do to the stock price?

My read is that the Inets will do well in the next 2 weeks.