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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (111651)	5/19/2000 8:36:00 PM
From: Eric K.	Read Replies (1) \| Respond to of 1572725

Dave-- "Clearance" means you fill out a little form and send it to the brokerage firm. The main time involved is the transit of the form to and from your home. Thus, you're better off if the brokerage has a downloadable form. When you actually fill out the form, you will want to make sure your liquid net worth is at least $50K. Your income should also be over $50K (higher if you have dependents). If you've been in AMD for much over a few months, I would include all the money you have made (including unrealized gains) in your income determination. You also have to indicate how many years you've been trading various types of financial instruments-- preferably write at least two or three years. The brokerage doesn't actually verify any of the information you provide, so you should be authorized within a day or two of them receiving your application. This has been experience at Waterhouse, Dreyfus, and NDB. -Eric

To: 5dave22 who wrote (111651)	5/19/2000 8:58:00 PM
From: Bill Jackson	Respond to of 1572725

Dave, You have to be measured with care. The measurements taken are mainly of the depth and breadth of your wallet. Since this kind of options call is highly leveraged they want to make sure you have enough cash to play at whatever level you wish to play at. Your net worth determines the exposure you are permitted. Hint....know what you are doing or your net worth can become a negative value. On the other hand if you guees right a few times you make make big bucks. Bill