MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brian P. who wrote (45437)	4/8/2000 5:36:00 PM
From: Joan Osland Graffius	Read Replies (2) of 99985

Brian, >>o you know what quantitative standards or trigger points the major online trading firms (Ameritrade, Schwab, etc.) set for immediately and peremptorily selling your shares versus giving you a call? I am sorry I do not know what level these trading firms use to insure they do not incur any losses. The document people sign for margin accounts lets the brokerage firm do anything they want to your account to cover margins. The old established firms, have brokers that know just exactly what assets their clients have to cover the margin accounts. One thing I do know is they will get the money out of their customers hide to cover the short falls. Believe it or not, I know of one person who is still paying off a firm for the 1987 crash. This is serious business and suspect some folks this week are taking margin accounts course 101. <g> I suspect that some people think of margin accounts like credit card debt. Reasoning, that they can just not pay the debt and the financier will just go away after a certain amount of time. These brokerage houses do not go away and never let the customer off the hook. Joan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next