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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (12476)	3/15/2000 4:38:00 AM
From: Sam	Respond to of 15132

Here is a related post from the Motley Fool board: <<This is a big warning about DATEK. This morning about two hours into the trading session, they declared a huge number of great companies Unmarginable. These included BVSN, NTAP, CUBE, QUIK, and many many more, all companies with record revenues and record earnings. The net result is that Datek customers were forced in a squeeze to sell these shares. The stocks had moved from fully marginable to not marginable just because Datek paniced this morning. I dropped off my margin and am immediately transferring my account. This is the most unethical stunt I have ever seen a firm do in my life. I strongly encourage investors to stay away from Datek. Again, this was not a margin call, this was simply them deciding after the open to stop margining a huge number of the best NASDAQ stocks. Pass the word if you are datek customer. I have several other accounts and traders must never put all their eggs in one basket. Who knows whether Datek was shorting our positions.>>