DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Apakhabar who wrote (12870)	5/4/2001 11:32:46 PM
From: Dominick	Read Replies (1) of 18137

Apakhabar: Tell me the difference between getting denied a loan for a house because you don't have a big enough down payment, and these new margin rules. It's a matter of collateral. Normally people obtain loans because the do not have the money to buy it out-right. Therefore the bank's parameters must be met to protect its self in case of default. But this is not necessarily so with a stock account that may have ample funds. Which brings me to my pet-peeve. Which is, the issue of being forced to use margin when shorting. They say "you're borrowing a stock". I say, "like hell", I have ample funds to cover it and you're holding my money. If the firm incurred expenses in getting that stock then debt my account for it. But don't force me to do it by loan and pay interest on 50 % of the value. To be clear, I'm speaking of a standard margin account. I totally distrust any organization that want's to be my big brother. Dominick

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