SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : THE OZONE COMPANY! (OZON) -- Ignore unavailable to you. Want to Upgrade?


To: Starduster who wrote (1523)11/25/1997 1:15:00 PM
From: togrok  Read Replies (2) | Respond to of 4356
 
Sandie, yup OZON is marginable according to the Fed, but whether it is with your brokerage, depends on their policy, for example some houses only allow securities with a bid above $5 to be margined. Good luck ! Kenny.



To: Starduster who wrote (1523)11/25/1997 2:00:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 4356
 
Sandy there are inherit risks to buying on margin. I'm not even going to begin to suggest that OZON is not a good buy at these levels. On margin or not. But it's a damned if you do and damned if you don't situation. I have to say something. So here goes. If the stock goes up significantly for those who buy on margin then they will wish they had bought more. If on the other hand a stock goes down and the margin is called any investor would wish that they had not bought at all.

Any investor should be well aware of the risks associated with buying on margin before taking the plunge in any stock. So be sure you buy any stock for the right reason when buying on margin. Not the wrong one which is simply that you can.

I took this quote from the Motley Fool. Not that I am any great fan of theirs but it seems like reasonable advice:

If your margined securities fall below a certain level, you'll receive a "margin call," requiring an infusion of additional cash. And although you're currently allowed to borrow up to 50 percent of what your actual holdings are worth, many Fools think that 20 percent is the most you should borrow, if you borrow at all.

So as I have said before do your due diligence before you buy! That includes buying on margin. Regards, Jeff



To: Starduster who wrote (1523)11/25/1997 3:14:00 PM
From: Cents  Read Replies (1) | Respond to of 4356
 
"Survivor Sandie?????"
I hope you really are a survivor...reading your investment style you will HAVE to be! Options and margins are a very dangerous game indeed ! Be careful ! Leverage can make you rich...but it can also destroy your position in a very short time ! But you already KNOW that! Welcome to the thread !
Just my opinion.....

Cents



To: Starduster who wrote (1523)11/27/1997 2:08:00 PM
From: Starduster  Respond to of 4356
 
Happy Thanksgiving to each of you.

Anyone that previously read my note please read this. My internet provider was down for a few days and it appears I finally may answer messages plus add this.

As a participant on Silicon Investor I was anticipating receiving helpful stock knowledge and occasionally hoping to let others know when I heard something I thought was advantageous. It appears someone took what I said out of context or misunderstood what I ment.

This is regarding my mention of Ozon and of ONE of the brokerge firms with whom I work with. Some help me more than others. I was merely trying to help anyone interested in knowing that with some firms OZON is eligible to be marginal. What I apparently should have also mentioned is the stock is maginal according to the Federal Reserve Board. However it is up to the Firm to decide if it is marginal at the individual firm. Also up to the individual person as to whether they wish the risk. I just happen to think this is one great product.

I am not a broker, simply a person like you or your next door neighbor, one that made 3 pumpkin pies for Thanksgiving dinner today, and stuffed a 22 lb Turkey . Thanks for the the welcome on the thread. If you need or want to know whom I am, you may see my name at the bottom of this response and may E-mail me.

Survivor Sandie