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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: paul e thomas who wrote (11793)2/20/1998 11:24:00 AM
From: jan m.  Respond to of 31646
 
Paul--I checked with my broker at Wall St Access--1-800-758-5195, Tava is marginable, there was some confusion a couple of days ago with the name change. Jan



To: paul e thomas who wrote (11793)2/20/1998 11:24:00 AM
From: jgibbs  Read Replies (1) | Respond to of 31646
 
PAUL,

Schwab - NO margin. I call them repeatedly to complain, but they refuse to budge, as of now. Still too risky, one of them said.



To: paul e thomas who wrote (11793)2/20/1998 11:46:00 AM
From: Mighty_Mezz  Read Replies (1) | Respond to of 31646
 
While some may grant margin and others may not, once margin status is given, it usually takes a move under 5 to lose it.

For Fidelity to give it margin, then remove it a week later and send out margin calls is, IMO, total BS, if not actionable.

I'd find a new broker.



To: paul e thomas who wrote (11793)2/20/1998 12:32:00 PM
From: Ron Sirch  Respond to of 31646
 
Paul, I had a temporary problem with E-Trade this morning. TPRO changed to TAVA and moved from margin account into cash account. Took only a few minutes for E-Trade customer service rep to restore margin. She also confirmed that warrants will not be marginable. Ever. She also claimed that NO warrants (e.g., Intel) are marginable. That may not be true for all brokers, however.



To: paul e thomas who wrote (11793)2/20/1998 12:33:00 PM
From: Leo  Respond to of 31646
 
Tava is marginable @ Discover/Lombard. I inquired a moment ago. Lee



To: paul e thomas who wrote (11793)2/20/1998 11:05:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 31646
 
Well Paul I called Fidelity and lodged my complaint as well. Not only did the online service imply marginability to the stock but also the warrants.

So I bought all I could thinking it was on margin. Instead I got a margin call. The idiotic service still says I have stock in my account on margin even after I sold positions in two other stocks to satisfy the margin call. If it's not in my margin account then it should be in my cash account right?

Well Fidelity got an earful from me today. Lets see if they at least get my account status corrected.

I really like this company, the stock, and the warrants. I am selling off some of my other holdings to buy more if I can. I may even transfer my account if I can figure out how to do it quickly.

Regards, Jeff