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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Annette who wrote (2803)1/17/1999 11:44:00 AM
From: Glenn D. Rudolph  Respond to of 41369
 
There is talk that MMs would drop margins on internet stocks...will AOL be protected a
bit by the S&P500 if it happens?
Message 7328453


Annette,

I use DLJDirect and presently AOL is marginable. None of the other high flying internet stocks are, ie. AMZN, YHOO, INKT, etc.

Glenn



To: Annette who wrote (2803)1/17/1999 1:25:00 PM
From: Pruguy  Respond to of 41369
 
no, margin requirements have already been raised on this issue at most firms



To: Annette who wrote (2803)1/17/1999 7:59:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 41369
 
Annette, market makers (MM's) have nothing to do with AOL. It is traded on the NYSE. The problem with a lot of orders for "internut" stocks is that the volatility is so great, and the potential surprise so huge for the unwary buyer, and the possibility so great for unscrupulous market makers trading stocks on the NASDAQ (are you paying attention to this Voltaire?) to take advantage of the situation, that a number of brokerage houses and clearing houses are putting voluntary curbs and restraints on trading these stocks. Among these are increasing margin requirements and requiring verbal authorization to trade these issues.

TTFN,
CTC