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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: John Waddell, Ph.D who wrote (7566)	3/13/2000 11:39:00 PM
From: Cyrus Mashhoodi	Respond to of 24042

Could this be the reason why JDSU has been weak lately? Any comments? edgar-online.com

To: John Waddell, Ph.D who wrote (7566)	3/14/2000 1:33:00 AM
From: Larry Zenith	Respond to of 24042

I just received notice over the week-end that Datek has decided to make both JDSU and ETEK non-marginable. I didn't receive any notice. Customers do not need to sell their margined shares, but they cannot buy new shares on margin. This morning, I thought I'd get a huge margin call. So I called up, a gal over there told me a number I need to maintain overthere, it was calculated as everything is marginable. I think they just want to prevent people from buying. Larry

To: John Waddell, Ph.D who wrote (7566)	3/14/2000 2:57:00 AM
From: nihil	Respond to of 24042

etrade limits maintenance margin to 50 per cent on CMGI for me, but I am very concentrated in CMGI in that account.

To: John Waddell, Ph.D who wrote (7566)	3/14/2000 8:34:00 AM
From: SJS	Read Replies (1) \| Respond to of 24042

John, I have been saying this for months. Yes, brokerages are doing this. Fidelity is, among others. The head of the NAZ, Frank Zarb, has been on TV saying that this has been discussed and houses have been asked to review and raise the margin on some of the most volatile stocks. While the Federal requirements are 30%, brokerage houses can raise their requirements (irrespective of the 30% value) to (as you've seen...) 100% if they feel their capital is at risk. Steve