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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: moby_dick who wrote (8675)2/3/1999 12:18:00 PM
From: jlib  Read Replies (2) of 122087
 
Well, it's 3 days to clear a trade but for margin calls Schwab's rules say immediately. I could always close the position or borrow on a credit card but I was just amazed they let me get away with it. I definitely want to hold the position if at all possible even if it requires doing something naughty like getting a cash advance to cover it. I am that sure of this.

Best,
Jimmy Liberato
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