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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: James Harold Alton who wrote (5151)4/20/1998 11:13:00 PM
From: JOE MEDSKER  Read Replies (1) of 19331
 
JHA,

I would think just the opposite is true unless DCI is the only stock you own. When an individual opens an account with one of the discount brokers it will be opened as a margin account unless you specifically request it to be a cash account. The account is a margin account before you make your first buy. If the only stock you put into it is DCI you simply have a margin account containing a non-marginable security. Your broker can then loan out DCI to a MM for a fee of which you receive zip. As I posted earlier this evening, if you do not want your securities in your margin account loaned out you must tell your broker so.

Best Regards
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