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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Craig Rogers who wrote (12232)	11/30/1998 6:35:00 PM
From: john krom	Read Replies (1) \| Respond to of 13594

Heard a little talk on CNBC about margin and the internets but can not quote what was said . Does any one have an after hours quote ? Picked up a couple hundred shares on margin today @ 89 1/2... poor timing !!!

To: Craig Rogers who wrote (12232)	11/30/1998 9:20:00 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 13594

The reference to margin requirements was a WSJ article. Waterhouse and many firms are applying "concentrated account" rules to people who have all of their money invested in a very few volatile stocks. For these accounts, the Minimum margin requirement is 50%. Normally, people on margin start with a minimum 50% equity. If their stocks fall in value they are usually not asked for additional capital until their equity falls below a Minimum of 35%. This 35% equity level will now be 40% to 50% depending on how concentrated the account is. As an example, an account invested 100% in Books-a-Million must always maintain 50% equity. At Waterhouse, an account equally split between AOL, Yahoo!, and e-Bay is diversified enough to be exempt from this new requirement.