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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (6528)	2/18/1999 12:21:00 AM
From: Richard Estes	Read Replies (2) \| Respond to of 12617

After asking many times about the $5 or $4 rule, you gave an answer and I just dropped by and got it. You are saying it is a house rule rather than SEC rule as I have been told by brokers. You are told by most where they set marginable stock price limits. Most at $4 or $5. Then they say if you can't margin, you can't short it. Lets say you short at 6 then at $5 or $4 depending on the house, you move to full cost, some have even said 125% of price. Are you saying your firm will short any stock available? What is your margin price limit? There are many stocks under $5 with a massive amount of outstanding shares, what would be the best measures of availability? outstanding shares? Float? Why price?