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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: steve goldman who wrote (3851)11/24/1998 9:58:00 PM
From: nick nelson  Read Replies (1) | Respond to of 4969
 
From Briefing.com

[15:52 ET Internet Stocks sector could be in for a bumpy ride should the SEC tighten up margin restriction; according to Salomon Smith Barney, tighter restrictions could be announced soon.]

Steve,

Any truth to this rumor that you're aware of? In the past, what
has been the Fed change... to 75%? Apparently it is aimed at just
Nasdaq internet stocks.

Also, is there a section within the brokerage houses that can use
10 to 1 margin while day-trading in their stock accounts?

Thanks, nick