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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: snerd who wrote (4479)	1/14/1999 11:26:00 PM
From: zora	Read Replies (2) \| Respond to of 56535

Snerd, Lets see...how to understand your margin account? When your buying power says $10,000 that is good. When It says $0 that is bad. <g> Actually I found out today that any stock below $5 is not marginable. I don't buy on margin...maybe I should? zora

To: snerd who wrote (4479)	1/15/1999 12:52:00 AM
From: Triffin	Read Replies (1) \| Respond to of 56535

Snerd.. Generally stocks under $5.00 will not qualify for margin ie a 'loan' from your broker.. Here's the math..take the 'cash' value of your account minus the entire value of any holdings priced below $5.00 Multiply this amount X 2. This is your 'buying power' and the maximum 'cost' of any subsequent purchases you may keep overnite. If if your account is 'flat' ie just cash..then your can buy twice your cash value and hold overnite provided the $5.00 minimum price requirement is met.. whew.. Jim in CT..