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  • dar200 dar200 Dec 8, 2005 11:46 AM Flag

    Etrade Margin Requirement

    Transfer your eln shares at ET to a cash account (type 1) so they cannot be loaned to shorts. The stock stays inside your brokerage account. It just cannot be borrowed against (which means nothing when ET has a 100% equity requirement on eln) or loaned.

    If enough longs transfer eln to a cash account, the broker may have to call on some shorts to cover.