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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: F Robert Simms who wrote (644)	5/12/1999 11:27:00 AM
From: Compadre	Read Replies (1) \| Respond to of 2103

F Robert Simms: <<I noticed that QQQ is listed as "not marginable" by Datek today.>> Really, have you found out why? I can't see any reason why they would do that. Regards, Jaime

To: F Robert Simms who wrote (644)	5/12/1999 11:33:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2103

You saw what Datek did to the Goldman IPO, how anyone could trust them after that is a mystery to me. They may have been part of the slam dunk the QQQ and Spy had this morning, I wouldn't use Datek if there wasn't another e-trader on the web , I'd quit first. I may have to go off line VERY bad storms are headed my way. Jim

To: F Robert Simms who wrote (644)	5/12/1999 4:03:00 PM
From: Jon Tara	Respond to of 2103

Sorry, I didn't see your post Robert. When I said "I don't think anything untoward is going on here" I was referring to the blip in the QQQ this morning, NOT to Datek making it non-marginable. I can't imagine why they would do that. I'll be watching to see if this was some sort of mistake. BTW, it's my understanding that Datek "grandfathers" existing margined positions when they make a stock non-marginable. They did so in my case, anyway (not with QQQ - with a stock). (Knock on wood.)