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Technology Stocks : PC Sector Round Table -- Ignore unavailable to you. Want to Upgrade?


To: Mark Oliver who wrote (1296)12/14/1998 5:38:00 PM
From: Mark Oliver  Respond to of 2025
 
Have you all noticed that they've changed maintenance requirements on some highly volatile Internet stocks? Looks like the houses are nervous even if the customers are not.

Regards, Mark

From C Schwab

In response in the recent volatility of some Internet stocks, beginning December 3, 1998, the maintenance requirements for 25 NASDAQ Internet stocks will be changed. The 25 NASDAQ, listed below, will be subject to a 50% maintenance requirement.

Margin maintenance requirements are set by the rules and regulations of the New York Stock Exchange, the American Stock Exchange and other regulatory agencies to the jurisdiction of which we are subject; and according to our sole discretion and judgment. Margin maintenance requirements may change without prior notice.

Trades in these stocks should be placed with the new requirement in mind.

The NASDAQ stocks subject to the new maintenance requirement of 50% are as follows:

AMZN Amazon.com
BAMM Books-A-Million
BCST Broadcast.Com
BYND Software.Net
CDNW CD Now
CMGI CMG Information
CNCX Concentric Networks
COOL Cyberian Outpost
DRIV Digital River
EBAY eBAY
ELNK Earthlink Networks
EWBX Earthweb
GCTY Geocities
GNET Go2net
ITVU Intervu
KTEL K-tel
MSPG Mindspring
OMKT Open Market
ONSL OnSale
TFSM 24/7 Media
TGLO theglobe.com
YHOO Yahoo
GEEK Internet America
INSP Infospace.com
XMCM Xoom.com
ABOV Abovenet Communications