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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Eleder2020 who wrote (14255)	2/11/1998 11:46:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Ed, <<I think if you own ANCR and only some on margin,as the stock goes down they start putting the cash shares in the margin column to cover the paper losses so you stay at a certain percentage. Probably when it goes up they don't re-adjust it(why that is i don't know) but I have had the same experience with other stocks.>> That's exactly what happens on my account. I think they do that because they want you to have as much buying power as possible, which makes you buy/sell more, and that gives them more commissions. It isn't a big deal, as long as you are aware of it, but it can certainly get you into trouble if you are not. I wish there was a way to specify whether you want to buy on margin, or from your cash account, like I can with my regular broker. Craig