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

To: DKR who wrote (3864)	8/21/1998 6:10:00 PM
From: MGV	Respond to of 27311

if it rises above $4 it would then be marginable It needs to be above $5 to be marginable at most if not all brokerages.

To: DKR who wrote (3864)	8/21/1998 7:56:00 PM
From: I. N. Vester	Read Replies (2) \| Respond to of 27311

dkr: me too. you must be with fidelity. they are generous with the 5 days, tho it really sucks to fall off the cliff at 4 dollars, doesn't it? my resources are already stretched, but i'm scrambling to hold on and i think i can make it. you sure find out who your friends are when you ask to borrow $10,000! i have talked to other brokerages, and i think most have a cliff at $5. it seems that datek will not let you borrow more when it falls below $5, but will not sell you out until your debt reaches 70% of equity. I'm trying to switch to them, but i think it's too late. still i'm sure i will be able to come up with the cash... i think other margin sellers have already hit the wall from shorter time to cover (e.g. 3 days) or from falling off the cliff when we closed below $5. A small rise Monday or Tuesday would make my day but i'm not expecting it.