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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Stefan Andreasen who wrote (1675)12/11/1997 6:33:00 AM
From: Javelyn Bjoli  Read Replies (1) | Respond to of 27311
 
>Are you sure. I thought it became unmarginable when it dropped below $5.

If you don't believe me, call your broker. I am looking at the official Schwab margin requirements effective 7/14/97 which state "$3.50 per share or 35% maintenance requirement regardless of security price, whichever is greater. Below $3.50 per share, requirement is 100% of the market value."


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