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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: WhatsUpWithThat who wrote (133)	4/13/1999 12:18:00 PM
From: White Shoes	Respond to of 776

On the know your client rule: if you trade with a discount broker it amounts to them phoning you up and asking if it's OK to change your "percentages" in your investment objectives to something like "75% speculative". (As long as you're buying "blue chip" companies like Yogen Fruz or Cott Corp. at their all time highs it isn't speculative...but something like SBX.T is!?) Loading up on Bre-X at $28 wouldn't have merited a phone call...oh until you got a margin call at $2 that is. I never got a call until one day I bought a little more Clearly Canadian (that was a short term play). No phone calls regarding a year of trading highly speculative semiconductor (etc.) companies on NASDAQ, of course they're safe because all trading over $10. Since it's based on share price, an 8 for 1 consolidation will make a stock less speculative, "instantly". Clearly Canadian recently became "safe" in this manner, until the share price tanked some more. Like all securities regulation I believe this know-your-client rule is more appropriately titled the "cover your ass rule".