Datek Brokerage $9.95 a trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (10790)	1/12/1999 5:12:00 PM
From: Jon Tara	Read Replies (1) of 16892

Thanks for suggesting a quote lookup! I was using the quote lookup on the mutual fund order page, which doesn't show marginable status. I just did it on the regular order page, and see the NM. I entered BEARX (under $5), as well as SLMCX, which is well over $5, and both came up NM. If mutual funds are non-marginable, that's too bad. My old broker (Jac White) margins mutual funds. It certainly makes sense, since they are less volatile than stocks as a rule. Jack White also allows you to short mutual funds, though I doubt that makes much sense, except for index funds. (And then I'd probably rather just short SPY.) (Presumably, fund managers are trying to avoid loss, and you're probably better-off shorting an index.) (Not sure if the acquisition of Jack White by Waterhouse changes any of this.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next