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

To: zora who wrote (4486)	1/14/1999 11:32:00 PM
From: snerd	Read Replies (1) \| Respond to of 56537

Zora... Well, I don't know. My account still has the same amount in it, why would the margin buying power go from 10000 to 0? And I still select it when buying, even when 0! Ain't heard a word from them about it. Snerd

To: zora who wrote (4486)	1/14/1999 11:43:00 PM
From: dennyv	Respond to of 56537

Not entirely true. It depends on the brokerage and the account. Most don't allow margin on stocks under $5 true... but, a stock above $5 is certainly not guaranteed marginable. New issues, (usually under 1 year pubicly traded) also are generally not marginable and now some brokerages are setting different qualifications for "high flyers" or I stocks. You just don't know for sure except, stocks that have been trading at least a couple years, above $5, in other than the "internet" area are in fact usually marginable.