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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Tlac who wrote (46016)	10/25/1999 2:20:00 AM
From: Don Edgerton	Respond to of 152472

Merrill Lynch has yet to increase margin requirements on any of stocks. Furthermore, with the new Unlimited Access account, you get virtually unlimited stock and options trades for 1% of assets per year (or less on bigger accounts)(Minimum fee $1500.) I use it and mostly trade options -put writes and call spreads. Occasionally day trade a stock position or two. No size limits on positions. Downside is that on line order entry is limited to equity positions (no options) at present and if you buy a stock on line, you must call you broker to sell, if you want to sell it the same day. Thus account is not very good for intraday trading of a volatile stock. On minimum fee, break even is 50 trades per year vs Schwab and 100 trades vs Fidelity. Trading improvements are expected by early December when the $29.95 per trade starts - no asset fee will be charged on these accounts. This is a far cry from the regular Merrill Fees and much cheaper and more flexible than the old "asset power" account. Probably can find details at www.mlol.ml.com