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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: DRL who wrote (107)	6/17/1999 2:07:00 AM
From: Elroy	Read Replies (1) \| Respond to of 1413

For what it is worth, Waterhouse told me if I have sufficient "buying power" in my account I can in effect buy the IPO on margin. If I have no cash in the account, but say $500,000 in marginable securities, I could just write a check off the margin account and send it to Waterhouse to pay for the IPO. So therefore, if I have buying power, I can buy it on margin. But, the IPO is not marginable. Do you think the person who told you this knew what he/she was talking about? I have sufficient securities in my account, but am about 15% into my margin level at the moment. So if I get an allocation in the IPO, I go to my local Waterhouse office and just write them a check off of my currently 15% into margin account? That sounds crazy. If that was OK, you'd figure they would just allow me to get in on the IPO and increase the margin level accordingly. Anyway, I guess I'll call Waterhouse and ask. Isn't there a phone number somewhere for questions on the IPO? "You can contact an Electronic Brokerage Customer Service Representative 24 hours a day, 7 days a week at 1-800-555-3875." Elroy.