Neurocrine Biosciences Inc. Message Board

I agree

way overpriced
chart broke
downgrades
street hates it now
no product

if you have 25,000 in your account and trade than you are able to margin yourself 4to 1 during the day but but at the close of the day you have to be back to 2to1.

The federal margin requirements are called Regulation T or just "Reg T". You are correct that you cannot get around this one.

"He shorted during the 1929 crash and walked away with $100 million - which was real money in those days." It's not real money today? If not, can I have $100 million. I will make sure I take good care of it.

Don't use margin. Most people, that use margin over time, end up with losing all there money.

The only way that would make sense is if Ameritrade was advancing you a credit line that was personally guaranteed by you. There is no difference between that and getting a cash advance on your unsecured credit card.

I suggest you sue the broker for an unsuitable recommendation. There are plenty of lawyers that will be willing to help you. Any broker that would put you into that position based on your finance income based on your salary will be found in fault. I say get your money back. You will win the case.

You are wrong my friend, not that I'm interested in arguing with you about it. I have an Ameritrade Izone account with about 9000 in cash in it. I have purchased, on margin, 26,000 of a marginable security. That is my only stock in the account. My 26,000 position is 9000 cash and 17,000 margin with no calls in the account.

I can assure you this is true. Contact Ameritrade if you don't believe me and ask them about their margin requirements.

I cannot believe that most of you fell for this bullshit story. Ask yourselves how someone with $10K in a mutual fund, which is not even marginable, is able to borrow $100,000 on margin to buy NBIX. In order to borrow on margin you need to have stock collateral of a greater amount. The only other way would be to use cash collateral but why would someone put up cash collateral??? The moron would be borrowing his own money and paying interest if that were the case. This whole story is bullshit.