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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Chi-X who wrote (69064)	7/22/1999 10:57:00 PM
From: Robert Rose	Respond to of 164684

fyi, cmgi has been non-marginable at Schwab for several months.

To: Chi-X who wrote (69064)	7/22/1999 11:02:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Tandy CEO sees strong sales, new Internet pact DALLAS, July 22 (Reuters) - Tandy Corp., <TAN.N> the parent of electronics retailer Radio Shack, expects July to be the seventh consecutive month of double-digit growth in same-store sales, Chairman and Chief Executive Len Roberts said Thursday. Roberts also expects to announce late this year an alliance with a national Internet service provider (ISP) aimed at selling consumers high-speed Internet connections through Radio Shack's over 7,000 stores. Roberts, who has led the Radio Shack chain from the doldrums back to strong growth this year, said the company planned to continue six months of double-digit sales growth compared with the same stores sales the year before for the rest of 1999. June sales were up 15 percent. "July is going to another double-digit month...Our goal is to double-digit for the rest of the year," he told Reuters in a telephone interview from his Fort Worth headquarters. Roberts said the Internet pact he anticipates reaching later this year would be with a major service provider on the scale of Microsoft Corp. <MSFT.O> or America Online Inc. <AOL.N>, although he said these were only examples. "That will be the biggest ever announcement in the history of our company. This will be a very significant, highly strategic relationship with an ISP," he said. He said the aim will be to demonstrate high-speed broadband Internet service to consumers at Radio Shack and sell them turnkey home service with installation and recurring revenues to Radio Shack. REUTERS Rtr 22:40 07-22-99

To: Chi-X who wrote (69064)	7/22/1999 11:51:00 PM
From: eDollar.com	Respond to of 164684

>>f you interpret it right, you can figure what MM's are planning to do to these stocks<< Brokers, not MM are trying to protect themselves. They are just looking at the volatility. I would reccomend to buy AMZN only on cash. How long can they come up with losses. Not indefinite. What was the logic to declare a split, with pathetic results? If losses continue and widen, can you imagin what will happen to your margin position?

To: Chi-X who wrote (69064)	7/24/1999 2:13:00 PM
From: Bilow	Respond to of 164684

Hi Chi-X; Regarding those margin rules, my guess is that they will have their biggest effect during future heavy down days. I don't think most AMZN investors have all their money invested in just that stock. The ones I personally know do not, anyway. But with AMZN being unmarginable, it is the one that you would sell in order to cover a margin call on the account. The reason for selling the unmarginable securities, is that you get twice as much buying power added to your account when you dump them, as compared to stuff that carries a 50% margin. Actually, margin rules are so complicated that it is easy for me to make a mistake, but I think this is clear. If you sell $1000 worth of AMZN, you have another $1000 in your account, and you haven't reduced the amount of equity you have available to support your margin loan. On the other hand, if you sell $1000 of MSFT, you still get $1000 in your account, but you also reduce the amount of equity you have to support your loan by $1000. So in the event of margin calls, my guess is that the high priced nonmarginable securities (AMZN & CMGI) are the ones that are going to get hurt the worst. I really don't know why Schwab raised those margin rates. It seems that they could reasonably protect themselves with a 80% rate. -- Carl