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.
Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Andja Miskin who wrote (962)7/18/1998 8:47:00 PM
From: Don Pueblo  Respond to of 1729
 
It depends on the clearing firm, but in general, yes, a security must maintain a price above 5 to be marginable, and if it goes below 5, you get a call for the cash. Check with your clearing firm for the specifics, they can be different for different stocks; some stocks above 5 may not be marginable.



To: Andja Miskin who wrote (962)7/19/1998 3:10:00 PM
From: Ken Adams  Respond to of 1729
 
Andja,

My experience has been that it depends on the brokerage. A trader at Schwab told me that $5 is pretty much the norm there to permit margin and they will let price float back to about $3.50 before they'll issue a margin call.

Ameritrade, I believe, will not margin anything lower than $6.50. They also require you to have at least $2000 in your account in order to margin anything.

In short, check with the broker for his own requirements.

Ken


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News