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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (4928)3/27/2002 3:45:07 PM
From: Don Green  Read Replies (1) | Respond to of 4969
 
xcr600> That $5.00 marginable level is set by your broker only

So there are no min. price level limitations based on SEC rules?

Thanks

Don



To: xcr600 who wrote (4928)3/27/2002 5:25:26 PM
From: KFE  Read Replies (4) | Respond to of 4969
 
xrc600,

That $5.00 marginable level is set by your broker only, therefore it varies from broker to broker

This is not true. The $5 minimum is set by Reg T. See the following link:

bankinfo.com

This does not mean that a security below $5 cannot be shorted because not being marginable does not mean that it cannot be shorted. The problem is borrowing the security. If it can be borrowed it can be shorted.

Regards and good trading,

Ken


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