Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: JimBeamII who wrote (27651)	12/14/1998 12:03:00 PM
From: Char	Read Replies (2) of 119973

JB2 This is news to me. I was under the impression that if you sold a margined stock during the day you only get half the buying power back that day. EX: sell $10k stock means you can only buy back $5K that day without getting a margin call. That's assuming there is insufficient cash in your account to cover the additional purchase. As long as you have sufficient buying power in your account I wouldn't think there would be a problem. At least this is the way I understand it is with MB Trading. However I could be wrong.<G> Char

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