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To: freeus who wrote (62778)9/1/1998 2:01:00 AM
From: steve barneke  Read Replies (1) | Respond to of 176388
 
freeus hang in there margin buddy i need the support from the threadsters too. im trying to get options approval on etrade, all they let me do is covered calls. all i want leaps and leaps.



To: freeus who wrote (62778)9/1/1998 2:01:00 AM
From: Dr. David Gleitman  Respond to of 176388
 
I just received this message thru my on line brokerage account. I don't know if this is common knowledge, but for those not in the know, here it is...


NYSE Rule 80-A

With a market downturn, NYSE Rule 80-A, the "Stop-Ban" rule, may take effect. If it does, it will have
the following impact:

-- Retail brokerage customers may place new Stop and Stop Limit orders ONLY for 2,099 shares or
less.

-- Non-retail brokerage customers (non-individuals) such as Institutional Brokerage or Financial Advisor
customers, may not place ANY new stop or stop limit orders.

Rule 80-A will take effect if the S&P 500 (SPX) futures drop 12 points. This corresponds to a 70-90
point drop in the Dow Jones Industrials. Once in effect, the restriction will be in place for the rest of the
trading day. Exception: if the drop occurs during the last 35 minutes of the trading day, Rule 80-A will
NOT take effect.

Best of luck to all.

David