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Here's a link to a TheStreet.Com article about discount brokers limiting margin trading on ATHM and many other stocks considered volatile (primarily internet stocks).

This will reduce daily volume for ATHM, which is generally considered a bad thing. However, I'm in favor of the brokerages' action. I prefer that online investors are protected from 'dangerous' trading (from themselves?) and that volatility decrease a bit. I spend a bit of time in the wee hours of the morning (I've got a newborn) in Yahoo and Excite stock talk chat rooms. Many foolish folk are killing themselves with poor margin trading.
It's their problem, not ours, but I hate to see it happen anyway. Maybe now they can learn a little before they commit financial suicide.

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