SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?


To: arpad toth who wrote (1870)11/28/1999 4:57:00 PM
From: BigTex  Respond to of 2263
 
don't send any...wait till wednesday to send it....
and if the stock does not tank .....then...you will
have first hand knowledge of what happens...



To: arpad toth who wrote (1870)11/28/1999 5:48:00 PM
From: SLSUSMA  Read Replies (1) | Respond to of 2263
 
Arpad...

Depends on your broker. For example, I can margin up to 50% with my broker, so for every $100 dollars I have I can buy $200 worth of stock - I borrow $100 and go in margin. However, when I break the 50% limit (when the stock is now worth less than $200), they will give me a margin call (usually an email or phone call). Mine will ask for either more money or for you to sell the equity (or cover). Mine gives me a day to wire the money in. However, if I break the 25% equity mark (the stock keeps dropping), then they will sell or cover the stock for me automatically. It's their rules and I signed up for it.

Your best bet is to call DLJ Monday before 9:30 and ask for instructions. They should have people in the offices by 8:00. Plan accordingly. Most likely, this stock will tank and you will be okay if you can survive the margin call, but don't take mine or anyone else's word for it.

USMA95



To: arpad toth who wrote (1870)11/28/1999 6:43:00 PM
From: Craig Bartels  Respond to of 2263
 
I had two margin calls last year. I was required to deposit sufficient funds within 3 business days of when the margin call was initiated. I wired funds by Federal Express. I feel for you, I've been there:(

Good luck.

CHB