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Howzie

08/25/06 2:57 PM

#55794 RE: dealerschool2006 #55786

If you have 1000 in your us account, you don't meet nyse margin minimums.

If you own 1000 GOOG, with no debit, your BP for marginable securities would be 373k. For non marginable securities, your BP would be 186,500. You would in effect be using GOOG's margin power to buy a penny. Happens all the time. Ask your broker.