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Non-Tech : Datek Brokerage $9.95 a trade
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To: Peter H. Hodge who wrote (7183)3/5/1998 10:32:00 AM
From: Evan Dimmer  Read Replies (1) of 16892
 
can someone set me straight on margin?

if you buy on margin, but then sell the same day, you are charged no 7% interest, right?

if you buy on margin, and then sell the next day, you are charged 7% on what you borrowed for that night?

if you buy on margin, and then sell two days later, you are charged 7% on the first night, and 7% on the second night?

thanks in advance
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