Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : HIGH SPEED ACCESS {HSAC} -- Ignore unavailable to you. Want to Upgrade?

To: Mary Baker who wrote (217)	6/20/1999 8:26:00 PM
From: Bill on the Hill	Respond to of 963

Better than my margin rates. One way to finance an investment. I guess it is better than buying a new Cadillac with it. At least it looks like HSAC will get good mileage.

To: Mary Baker who wrote (217)	6/20/1999 10:15:00 PM
From: Goldbug Guru	Read Replies (1) \| Respond to of 963

Hi Mary 200s of HSAC. All Right!! I give you 2 thumbs up Mary. Motley Fool fool.com fool.com Long HSAC!

To: Mary Baker who wrote (217)	6/22/1999 9:55:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 963

I haven't figured it out. I assume you mean you bought 2000 shares of HSAC at $16 1/2 on margin. The margin debit would be $16,500. You posted $16,500 and you got that money by borrowing through your credit card. You have to pay the broker call loan rate plus your broker's premium on the 16.5Gs debit balance so you're paying something like $125/mo for it. On the 16.5Gs you borrowed on the credit card with an APR of, say, 15%, maybe that's $225/mo. So to carry this transaction you pay something like 125 + 225 = $350/mo. How did you execute a trade and pay with a credit card?