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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Dapper Dan who wrote (25475)	7/12/1999 1:04:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 41369

Re: margin. Schwab has AOL at 60%. David

To: Dapper Dan who wrote (25475)	7/12/1999 1:13:00 AM
From: Jim Baker	Respond to of 41369

Dan - I opened a Fidelity margin account only to trade AOL - that's all there has ever been in it. In May, when opened, it allowed 40% margin on AOL, then I got some margin calls which showed a Fidelity shift to 20% margin, now my account seems ok for 50% margin. I read some thread reference somewhere that Fidelity had different margin treatment for accounts it deemed "speculative", but I've never had any policy statement or communication from Fidelity - only margin calls and "available buying power" amounts in my on-line statement. Jim

To: Dapper Dan who wrote (25475)	7/12/1999 10:10:00 AM
From: Rascal	Read Replies (1) \| Respond to of 41369

I had a small account with 300 shares of aol and was using margin. (By the way margin on aol seems to be a god deal since it goes up at least more than 8 1/2% a year which is the margin cost!) First they lowered it to 60% about 6 months ago. Then 1 month ago they said I was too "concentrated" in aol and gave me 1 week to pay back 100% of margin. They now say NOo margin on an account if it is just aol. (I guess if I had dupont and caterpiller and ford it would have ben ok.) I pointed out the size of my COMBINED account balances and they basically said "fooey" to you. I am in process of moving most of my money to 2 new brokers. (probably WIT capital {the new investment bank for people like us.. check the thread} and Whatley.) Fidelity doesn't get it! They should be looking at me as a customer and not be looking at INDIVIDUAL ACCOUNTS. This is bad marketing and they will probably not catch on until next year. They remind me of how Banks were in the 80's during deregulation.