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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (106883)	10/11/2001 10:17:18 PM
From: Cooters	Respond to of 152472

John, Concentration percentages are house rules. In general, there are SEC/Fed rules, then a broker's (potentially) slightly stricter rules, then margin requirements for specific stocks, and then the rule(s) for concentrated accounts. Edit: The SEC rules, and the #2 and #3 rules listed above, are standard and can usually be found easily at a firm's web site. The last one(concentrated accounts) is like asking someone if they would get married again..lol! Cooters

To: JohnG who wrote (106883)	10/11/2001 10:49:22 PM
From: Jon Koplik	Respond to of 152472

And furthermore ... (re : "house" margin rules) (that are more stringent than Reg. T ) -- I still remember the conversation I had with a margin clerk at the securities firm where I do business (this was back in 1997, as I was "building" my QCOM position). He told me that I had crossed the firm's "magic line" regarding either size of account, or concentration of securities, and therefore would have to maintain 50% equity ... no matter what. Without any pause, I said back to him : That's probably better for both of us, anyway. Believe me -- IT IS. Jon.