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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (46033)	10/25/1999 10:21:00 AM
From: Wyätt Gwyön	Respond to of 152472

Fidelity's margin requirements (as I understand them) on QCOM-- House requirement is 35% in "balanced portfolio" (where Q is no more than 50% [or perhaps it was 25%] of total portfolio value) Goes up to 60% requirement if you have a "concentrated position" (i.e., if Q makes up 75% or more of your portfolio). This latter requirement is of import to those who like to "go 150% Q" as there is little margin for error for a house call...I also believe Schwab has a similar type of requirement, though perhaps not as restrictive. Does not matter so much to those who have more "balanced" portfolios, or whose focus is on options. These fido requirements are not very clearly spelled out...sometimes it is only the margin dept. that really knows...for the latest info, best to check with fido. NB--these are just my recollections, so they may be inaccurate; also, fido may have changed policy recently. My guess, though, is it is along the lines presented above. fido's focus is on providing good service and execution at a reasonable price--does not want to be "all things to all people", and is therefore willing to say bye-bye to customers wanting heavy margin in concentrated positions.