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Strategies & Market Trends : Online Trading - An Oxymoron? (EGRP, AMTD, NBD, DLJ, SCH) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Levin who wrote (12)	1/22/1999 11:57:00 PM
From: Mark[ox5]	Respond to of 50

From an article on online trading. Another factor to consider if you trade internet stocks.. i.e. Don't use DLJ FOR SURE.. yuck. Investrade doesnt have any of these requirements (that i know of) I may call them on Monday and ask to make sure I dont screw myself while trading... article excerpt below Waterhouse, a unit of Toronto Dominion Bank, has a maintenance requi Yahoo, Excite ( (Nasdaq:XCIT - news) ), Lycos ( (Nasdaq:LCOS - news) ), eBay, uBid ( (Nasdaq:UBID - news) ), CMGI ( (Nasdaq:CMGI - news) ), Broadcast.com, Data Broadcasting ( (Nasdaq:DBCC - news) ) and pending IPO MarketWatch.com (Nasdaq:MKTW - news) , acccording to a spokeswoman. Another 43 stocks, mostly Internet stocks, have maintenance requirements of 40% or 50%. (Waterhouse's base maintenance requirement is 35% and the minimum in the industry is 25%.) Ameritrade ( (Nasdaq:AMTD - news) ) has increased the number of stocks that carry a 50% (instead of 30%) margin maintenance requirement to about 40 stocks, from about 25 over a month ago, according to a spokeswoman. Ameritrade still has a 50% initial margin requirement on those stocks. (When first buying, the minimum initial margin requirement in the industry is 50% of the stock's purchase price.) Donaldson Lufkin & Jenrette's ( (NYSE:DLJ - news) ) DLJdirect unit continues to levy a 50% margin maintenance requirement on Internet stocks already in accounts and won't let customers buy Net stocks on margin, according to a spokeswoman. Last month, online brokers including Charles Schwab ( (NYSE:SCH - news) ), Ameritrade, Waterhouse and DLJdirect raised their margin maintenance requirements on some Internet stocks to as high as 50%.