Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brian Mardis who wrote (10185)	4/11/1999 1:15:00 AM
From: Out_of_the_Trap	Read Replies (2) \| Respond to of 41369

OT OT OT OT OT: Details from the Schwab site. If you use Schwab you might want to read this, or if you're thinking of moving to Schwab, you might want to reconsider. **********AOL is on this list******** OT START: New margin trading maintenance requirements and buying power calculation for certain volatile stocks (15 additional stocks added to increased maintenance lists effective market close, 3/5/99) Sun Microsystems Inc (SUNW) is going through a 2 for 1 stock split effective Friday, April 9, 1999. (Additional shares will be reflected in your account Monday, April 12, 1999.) Intel Corp (INTC) is going through a 2 for 1 stock split effective Monday, April 12, 1999. (Additional shares will be reflected in your account Tuesday, April 13, 1999.) IPO stocks Currently, trade orders for the following security cannot be placed through the Schwab Web site: IPO's (Initial Public Offerings): Dragon Systems Inc (DRGN) Pomeroy Select Int (PSIS) (A firm date as to when Dragon Systems Inc (DRGN), Pomeroy Select Int (PSIS) may come to the marketplace has not yet been determined.) IPO's and other stocks are occasionally removed from Schwab's electronic trading systems (i.e. TeleBroker and StreetSmart) due to expected volatility and fast-market conditions when they begin trading. Such conditions can result in: significant discrepancies between quotes and trade execution prices; delays in order execution reports; increased risk to customers placing trades in these securities For these securities, we ask that you place orders with the help of a Schwab representative so that we may better assist you in meeting your objectives. Change and change/cancel orders During fast-market conditions, please do not attempt to change or cancel market or market-type orders. If you want to change or cancel one of these orders, please call a Schwab representative. This is very important as duplicate orders may be executed as a result, and could ultimately be your responsibility. Remember that when you attempt to change or cancel a market or market-type order in a fast market, we can only process your request on a best-efforts basis. An alternate strategy to consider is to place a limit order or an "or-better" limit order that establishes a buy price at the maximum price you are willing to pay or a sale price at the lowest price you are willing to receive. These steps can help reduce your risk of duplicate orders and ensure the price you receive is within your limits. New margin trading maintenance requirements and buying power calculation for volatile stocks In response to the recent volatility of certain stocks, the margin maintenance requirements for the 90 stocks listed below are now subject to either a 50% or 70% maintenance requirement. We want to ensure that your account maintains sufficient equity to cover large price movements in these particular stocks. Maintenance requirements may change without notice. Trades in these stocks should be placed with the new requirements in mind. The Buying Power for these stocks can be derived by accessing Buying Power Detail in the Balances screen and dividing the non-marginable securities balance by the applicable maintenance requirement. The following stocks are now subject to the new 70% maintenance requirement: For securities with a 70% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .70. AEIS AMTD AMZN BAMM BRCM BYND CMGI CMNT DBCC DCLK EBAY EGGS EGRP EXDS FIBR KTEL LCOS MKTW NSOL ONSL SEEK UBID XMCM YHOO ZONA The following stocks are subject to 50% maintenance requirement: For securities with a 50% maintenance requirement, the buying power is equal to the non-marginable securities buying power balance divided by .50. ABOV ADRX ALSI AOL ASDV ATHM AVIR AWRE BCST BVSN CBSI CDNW CLFY CNCX CNET CTXS DISH ELNK EWBX FATB GCTY GEEK IIXC IMRS INKT INSP INSS ITWO KERA LGTO MACR MNMD MSPG MZON NTAP OMKT PETM PIXR PROX PRTL PSIX RMBS SHRP SONE SPYG SRCM TALK TGLO TMCS TMSR TXCC USWB VRIO VSVR VYTL WCII WIND XCIT Sun Microsystems Inc (SUNW) is going through a 2 for 1 stock split effective Friday, April 9, 1999. As a result, all open Buy Limit and Sell Stop orders, entered prior to market close Thursday, April 8, 1999 will be adjusted to reflect the split. Odd lot orders entered prior to market close on Thursday, April 8, 1999 will be cancelled. Additional Sun Microsystems Inc shares will not be reflected in your account until Monday, April 12, 1999. If you wish to sell shares of Sun Microsystems Inc for Friday, please contact Schwab and indicate you are a Web trader to receive the appropriate commission discount. Intel Corp (INTC) is going through a 2 for 1 stock split effective Monday, April 12, 1999. As a result, all open Buy Limit and Sell Stop orders, entered prior to market close Friday, April 9, 1999 will be adjusted to reflect the split. Odd lot orders entered prior to market close on Friday, April 9, 1999 will be cancelled. Additional Intel Corp shares will not be reflected in your account until Tuesday, April 13, 1999. If you wish to sell shares of Intel Corp for Monday, please contact Schwab and indicate you are a Web trader to receive the appropriate commission discount.