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.

Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: ChopChop99 who wrote (5247)	6/21/1999 1:06:00 PM
From: hookbull	Respond to of 16809

Chop, I also have 0 buying power in my margin account. What Wit told me was that I need to do a stock trading actually using "margin" before the buying power will appear. And I'm just going to try it to buy some more WITC, it's a bargain at $11. BTW, I've traded quite a lot thru Wit and think they're as good as others (such as DLJdirect, which I have an account but no longer trade there).

To: ChopChop99 who wrote (5247)	6/21/1999 1:16:00 PM
From: Manny	Read Replies (1) \| Respond to of 16809

IPOs are marginable only after 30 days. You will have to request Wit to move your IPO stocks in cash account to margin account. I havent got much response to emails either. I always call and make sure the does the necessary to move stocks into margin account. Answering your question, yes, I do use Wit for some trading too. Not that I like it too much. But most of my money is at Wit. And I would say I am thankful to Wit for showing me the green. I got quite a few hot IPOs such as MKTW, VERT, IVIL, MINE, ETYS, etc. I guess I have been too lazy in moving my account elsewhere! I find Wit OK for trading, not better or worse than Etrade. The one thing I hate about Wit is thier account balance page. Its just one POS and adds no real value. Its never updated. The other problem I have with Wit is that one cannot trade IPOs on the first day of trading and then shares from split do not show up on the account until a day or two after the split.