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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: cellhigh who wrote (28801)	12/3/1998 12:12:00 PM
From: getgo234	Respond to of 164684

Effective this morning Olde Discount has modified maintenance margin requirements on NEW POSITIONS for a number of internet securities. The maintenance requirement on some second tier companies such as EBAY has been raised to 70%. Some first tier internet stocks such as AMZN will have a maintenance margin requirement of 50%. (On new positions).

To: cellhigh who wrote (28801)	12/3/1998 2:28:00 PM
From: L.J. Hoffman	Respond to of 164684

Can someone please explain the implication of the new margin requirements on certain internet stocks. Is there any way to interpret this as positive vis-a-vis current valuations? If you logged on to Schwab with the intent to buy some AMZN, wouldn't the full screen warning about the volatlity of the price be of some concern...especially since the only way Schwab can get hurt by such volatility is if the stock crashes and their customer can't make a margin call?