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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4221)	2/19/1999 10:17:00 PM
From: Curbstone	Read Replies (1) \| Respond to of 4969

Steve, Trading on INTXA (Interiors) was halted late today while an announcement was made that all warrants would be redeemed as of March 20. After the shock wore off and I was able to figure out what it meant, I was left with a few lingering questions. Why was trading halted? What is the significance of this event? And lastly, is redeeming all warrants generally viewed as a positive or negative event? Mahalo, Mike

To: steve goldman who wrote (4221)	2/19/1999 10:43:00 PM
From: AlienTech	Respond to of 4969

>>Stock is not marginable for 30 days. marginable. That has nothing to do with shortable or other areas, just marginable.<< Well If I wanted to short like PRGY @ 35, What kind of maintainance would I need, Not sure is that is the same as margin? People keep talking of margin to short stocks, Like regular stocks need 50% of the value of the stock. Most of my experience comes from ETrade so take what I say with a grain of salt. None of the full service brokers will talk to you for more than what price, buy or sell from what I have seen so all this is very hard to get real hard facts. One of things that Etrade told me was to sell eg a @ 50 PUT on a stock I would need 25k+ what I got for the put. If the stock goes to 100 I would need 50K in my account to cover maintainance requirements. Schwab told me I need 12 1/2K + the price of the puts + the difference of the strike - stock so it seems correct as the amount of money required goes down when the price of the stock goes up and max requirement being around 25%. Alex brown asked me what a put was.

To: steve goldman who wrote (4221)	2/19/1999 11:40:00 PM
From: AlienTech	Respond to of 4969

Hi Steve, What is the margin requirements for are NETA and CHKPF. Since my Yammner account only has NETA in it and if by chance the stock goes from a P/E of 25 to 15 I would really hate it they got sold due to the margin dropping under 50%. I hope pershing is not going to follow pension to make all DOT stocks be treated as if they are fly by night companies just cause the same index has stocks like AMZN and YHOO in it and so anything in it has to be way over valued and is going to go out of business?