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


To: ahhaha who wrote (239)6/23/1999 2:57:00 AM
From: Heddon  Read Replies (1) | Respond to of 963
 
You might be right if E-Trade uses their I-bank (e-bank?) to promote credit cards or other unsecured instruments to finance stock purchases. That does have to be nipped in the bud.

But on a different subject. What's your opinion of HSAC's business model vs. excite/ATHM or roadrunner.



To: ahhaha who wrote (239)6/23/1999 6:15:00 PM
From: Mary Baker  Read Replies (2) | Respond to of 963
 
I certainly am not aware of this "check kiting" scheme that you have passionately espoused here. But how do you explain the fact that I could have just as easily gotten a cash advance from my credit card without the checks? Via an ATM machine with my pin number.

And I am free to use this cash any way I see fit...vacation, bill payment...burn it, give it away...stocks...

So what is the difference? I have read many articles about using credit card advances to purchase stocks. No one has ever suggested that it was illegal...only foolish. I think this matter would have been brought up at least once in the various publications that I have perused on the subject.

But I am no lawyer and no expert. Maybe I will be paying those loans off a little sooner than expected.