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

To: YlangYlangBreeze who wrote (57009)	12/27/1999 8:03:00 PM
From: PAL	Read Replies (1) \| Respond to of 152472

A few weeks ago Schwab removed CMGI from marginable securities. Qualcomm is currently at 50%. There is no indication that it will change. However, if the stock is very volatile, a broker can remove the stock from the list. If that happens, then I will close my positions since QCOM is my collateral for the naked puts. Always be prepared for the unexpected. Best regards Paul

To: YlangYlangBreeze who wrote (57009)	12/27/1999 8:07:00 PM
From: Jeffry K. Smith	Read Replies (3) \| Respond to of 152472

Ylang, yep that's what it means if they do that. Currently at Schwab at least, if you have $100,000 (since 10K will get you nowhere with Q - LOL) or any amount of $$, you can buy up to twice that amount in Q stock. IOW - you have to have cash for 1/2 of the total purchase price, the rest is loaned to you on margin. CMGI on the other hand has to be paid for entirely in cash - $100,000 gets you $100,000 worth of CMGI stock. The same money gets you $200,000 in QCOM stock. If Schwab raises the requirements and you have QCOM stock, with 50% of the purchase price loaned to you, you have to come up with the other 50% fairly quickly so your Q stock is entirely paid for. Schwab also has a 70% level, where a stock has to be 70% paid for. Best, Jeff Smith