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To: Patric who wrote (13082)	4/4/1999 1:32:00 PM
From: Steve Brandt	Respond to of 27722

What would be the reason for not allowing margin and or shorting on NAVR stock? To limit shorting? To protect the investor from himself? I don't understand the point. Steve

To: Patric who wrote (13082)	4/4/1999 4:01:00 PM
From: zurdo	Read Replies (1) \| Respond to of 27722

Thanks, Patric!! Does this mean what I think you mean...that as far as Schwab clients are concerned, their shorting power is crippled???

To: Patric who wrote (13082)	4/4/1999 8:45:00 PM
From: Mad2	Read Replies (2) \| Respond to of 27722

Patric When a stock is placed in a "no margin" catagory that simply means you need to have an equivelent amount of cash value to cover your position in that stock. One brokerage account (a margin one) I use is Datek, where NAVR is catagorized as "no margin", however I CAN short NAVR in this account, provided shares are available to borrow. If they aren't the stock is idenitified as a NS or "no short". Of course you can't use a no margin (such as ira) account to short, however the term "no margin" as a catagory for a stock refers to the fact you need cash rather than margin to cover your position (applies to short and long positions). Reagrds, Mad2