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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (9604)9/2/1998 12:39:00 PM
From: Larry Voyles  Respond to of 16892
 
Can't short AMZN either. Marked as "NS". Too bad, looks like a tasty target.



To: RealMuLan who wrote (9604)9/2/1998 12:54:00 PM
From: Mighty_Mezz  Read Replies (1) | Respond to of 16892
 
Each broker ultimately makes its own decision whether to give margin on any stock.

My guess is this is a response to Monday's fall, to reduce their risk.



To: RealMuLan who wrote (9604)9/2/1998 8:29:00 PM
From: peter michaelson  Respond to of 16892
 
Yiwu:

Anydody noticed that Datek now give a non-marginable sign to every singlel stock <$5, including a lot of NYSE stocks. Is it the requirement from the Fed? or just Datek's own decision?

Well, this is interesting. NEW Datek shows my buying power as a negative $115xxxxxx (I leave the decimal place to your imagination) while Classic shows it as a positive $34xxxxxxx.

I guess we now know that Yiwu uses New Datek.

Peter


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