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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Magnifique who wrote (2755)	12/4/1998 11:54:00 PM
From: Jon	Read Replies (2) \| Respond to of 19700

The original MAINTENANCE requirement was 25%. So when you bought at 50% margin and the price went down you wouldn't have to put more money into your account until it (percent equity) went below 25%. Now if your portfolio were to go down you would be forced to sell securities and "maintain" the new minimum of 50%. So now when you buy stock, like CMGI, on full margin of 50%, if the price goes down you will be forced to sell securities or send in money to maintain 50%. This will NOT keep shorts from entering the market in CMGI it will only keep those that don't have enough money to keep their maintenance above 50% from shorting. But this also holds true for those who want to go long the stock. Over all this should keep the smaller investors, who should not be dealing with these stocks to begin with, out. This will reduce liquidity in the short term but that should be more than offset once larger and more informed investors see a little more price stability. In the short term, however, we may or may not see a reduction in volatility. Good Luck All. PS Don't hold your breath for a split at earnings time unless the technicals improve dramatically over the next few days. IMO ..... no split. Sorry. I wish they would.