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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Woz who wrote (10719)1/4/1999 10:29:00 AM
From: Robert V. Cavaleri  Read Replies (2) | Respond to of 16892
 
Question RE: marginable stock.

What happens when you buy a marginal stock using your full margin
at lets say $5.5, and the stock trades below 5 for a few days
and becomes un-marginable. Does datek automatically give you a
margin call, or do they wait a while to see if the stock rises
above 5 dollars? I have had this happen once before, but I wasn't
fully margined in the stock, and it did trade above 5 a day later.
However, I am more concerned If I had decided to use more of my
margin at the time.

thanks.

Robert


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