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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (57807)	4/28/1999 10:39:00 AM
From: wiz	Respond to of 132070

Iceshark I believe it's 40%. Mark

To: IceShark who wrote (57807)	4/28/1999 10:49:00 AM
From: RealMuLan	Read Replies (1) \| Respond to of 132070

Ice: initial open is always 50%. This is SEC requirement. But maintenance in Datek is as low as 30% for most of the stocks -- means you won't get a call as long as your margin is at least 30%. But for most of Internet stocks, Datek has changed margin maintenance into 50% a couple of months ago, compared to 30% for other marginable stocks. And two days ago, they add DELL in this group of 50% margin maintenance. For example, if one has $10k cash, and margin 10K and buys 500 sh. (assuming $40/share) Dell stocks. Now if Dell went to $38, then you get a call. In other word, if one uses 100% margin to buy Dell (or other Internet stocks on their list from Datek), then even if the share price falls 1-2 dollars than the price he/she paid, then they get a call. Hope this helps.