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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (4091)	3/5/1998 12:48:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 18691

>>>BTW, question for the group: what happens (for us retail customers) when a stock you have short goes below $5? I mean, it becomes unmarginable, so what happens to your short position? Do you have to cover it? Have to keep 100% margin?<<< I had the same questions when SOLV fell under 5. Waterhouse requires $2.50 per share margin for short positions of stocks under 5. So if it falls below 2 1/2, yes, 100% is required. The 5 level is an initial requirement, not a maintenance requirement. I believe the stock over 90 to which Timoteo was referring was Diana Corp (Now Coyote Networks, CYOE) Barb

To: Jon Tara who wrote (4091)	3/5/1998 8:22:00 AM
From: Timoteo	Respond to of 18691

Jon- I was referring to Diana Corp. In the war of words on the KRY thread some KRY longs were questioning the veracity of Asenio and whether or not such a stock as Diana Corp ever existed. Check the thread if you want a good laugh. Best Wishes, Timoteo