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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?


To: manohar kanuri who wrote (4994)4/26/2000 9:37:00 PM
From: Edwin S. Fujinaka  Respond to of 6020
 
I only quoted the April 30th record date because that is what was published in the news releases. I also saw an explanation that since the 30th was Sunday, the effective record date will be Friday, April 28th. If you sell on Thursday, April 27th, you might be afraid that you will lose the right to the additional split shares to be issued on June 23rd. I doubt that that could actually happen, but there is always that tiny nagging uncertainty. I predict that a few people will take the risk and actually sell tomorrow resulting in a modest pullback either tomorrow or the next day or it may happen on Monday when it will be pretty clear that by selling you are in no danger of losing your right to the when issued shares. I'm really talking about psychology here.



To: manohar kanuri who wrote (4994)4/26/2000 9:53:00 PM
From: Yamakita  Read Replies (1) | Respond to of 6020
 
You're missing it Manohar.

Brokerages count cash accounts and margin accounts as one whole portfolio: one account. Part of that account is marginable, part isn't. But there is just one figure for overall percent equity. If I've margined myself to the hilt in stocks *other* than 9984, the percent equity of *the whole port* falls as prices decline. When 9984 was whacked by two-thirds the other day, I saw a significant decline in my overall percent equity, even though 9984 is not marginable. Had I been on the border line, that would have triggered a margin call.

You're saying that 9984 could fall to zero and not affect my overall percent equity. That is plain wrong. It does affect it, because the *overall value* of the port declines, thus sending my equity percentage south.

If the only stock I held was 9984, you would be absolutely correct.



To: manohar kanuri who wrote (4994)4/27/2000 1:00:00 AM
From: mact  Read Replies (2) | Respond to of 6020
 
softbank is marginable and always has been while it was in my ML and MSDW acct...i had huge buying power when softbank was the only stock i had in my MSDW acct.