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Technology Stocks : CFM Technologies Inc. (CFMT) -- Ignore unavailable to you. Want to Upgrade?


To: Chris Nevil who wrote (636)3/20/2000 7:49:00 PM
From: SemiBull  Respond to of 721
 
I hope this is limited to Schwab. Haven't heard from any of my brokers....but it would make me particularly pissed off if got a similar call. If I did, the level of irritation might lead me to changes brokers even if I can't find anyone who'll let me buy CFM on margin.



To: Chris Nevil who wrote (636)3/22/2000 5:38:00 AM
From: Duker  Read Replies (1) | Respond to of 721
 
Chris N.,

I too was contacted by Charles Schwab & Co., Inc. As I do not use margin, I was not too put-off by their announcement.

Oddly, I was encouraged to see that they were being proactive about which securities were appropriate for margin. When and if the world regresses to a more normal return scenario, much of the accumulated margin debt is going to cause some intense and unenviable situations. I appreciate Schwab's willingness to be more restrictive than the other on-line firms who may or may not be prepared (or experienced firsthand) a situation like 1987 -- if it were to arise.

Big announcement out of Exton yesterday. I appreciate the confidentiality issues, but if CFMT were AMAT, wouldn't TSM or UMC want to be associated with a release like that one? That said, it is not a stupid thing for these guys to broaden the applications for Full-Flow. At the very least, it will give them a broader portfolio that they can pare down during the next trough!<g>

Still a shareholder, growing more frustrated with every passing quarter.

Good to hear from you, CN.

--Duker