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

To: lurqer who wrote (67587)	2/20/2000 10:54:00 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 152472

To the thread: I just received an Email from Dr. Irwin Jacobs Chairman and CEO of Qualcomm regarding the fact that we both attended the same high school in New Bedford,Mass.I had read earlier today that he was from my hometown and sent him a Email asking if he attended New Bedford High.I was very surprised and pleased to receive such a warm reply. Ed

To: lurqer who wrote (67587)	2/20/2000 10:56:00 PM
From: dday	Read Replies (1) \| Respond to of 152472

Interesting article but let me point one thing out. Your day trading power is calculated as such: Market Value of Account x 25% (maintenance requirement ---not House but Exchange) Subtract this from the Account Equity. Then, multiply by 2 or divide by .50 (the same) That is day trading power and is not the same as 50% of each purchase. That is because the exchange margin maintenance requirement is 25% and not 50%. So raising margin only has an impact in the very last stage. Raising the maintenance requirement would have a larger impact on daytrading buying power. I.E. $100,000 account $80,000 equity current daytrading power = $110,000 raise margin to 60% and daytrading power is $91,666. raise maintenance to 50% and leave margin at 50%-----daytrading power is -------------------$60,000 raise maintenance to 50% and raise margin to 60% and daytrading power is--------------------$50,0000 The 1920's argument is old and stale. Margin rates were about 10%. there was no CBOE and the shoeshine boy was tipping Joe Kennedy on stock picks. Today we have online casinos, racetracks and major sporting events that can be bet with the touch of your CDMA cellphone. Regards Bob