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To: Amy J who wrote (124332)1/5/2001 5:36:51 PM
From: Hightechhooper  Read Replies (3) | Respond to of 186894
 
Thread HELP (again)!!!!!

I was just informed by my broker (Schwab) that due to my concentration in one stock my minimum margin requirements have been INCREASED to 40%!!! I am currently at 37%. They have told me that the risk department made the decision and there is no changing their minds (although someone is going to try for me supposedly).

Quick, I need the name of another broker that will take my account and maintain the 35% equity requirement. I also need someone with a quick account application because beginning Jan 17th they will sell me out.

Well, I had one day without panic...now CSCO will warn or something and I will really get screwed.