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Non-Tech : Datek Brokerage $9.95 a trade
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To: bluejeans who wrote (7498)3/24/1998 4:36:00 PM
From: RealMuLan  Read Replies (1) of 16892
 
Yes, bluejeans, I quite agree with you. Mr. Normile's explanation really involves some unnecessary "circles". The bottom line is that Datek customers will be charged exactly the same amount of interest no matter they go long or short, as long as they use the margin. The only difference is that if you go short, you should earn 4% interest on your own real cash balance, and if you go long, you won't earn that 4% interest.

Good luck.
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