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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (6744)	1/30/2000 11:15:00 PM
From: DaringDon	Respond to of 18137

Question. Under the proposed rules I open a margined 25K account. I short 200 shares of xyz @ 250 dollars a share. It goes up a dollar during the trading day. I buy back 10 shares at the cost of 2510 dollars. Have I lost my margin at this point because I am under 25K cash, and am now under a margin call for the rest of the margin I had borrowed? Don

To: Dan Duchardt who wrote (6744)	1/30/2000 11:21:00 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 18137

check this out: invest-faq.com

To: Dan Duchardt who wrote (6744)	1/31/2000 1:23:00 AM
From: KFE	Read Replies (1) \| Respond to of 18137

Dan, I think that what you are searching for is found in NASD rule 2520 and NYSE rule 431. They cover the intraday risk allowed. This NASD notice to members should also help you nasdr.com IRA account and margin. I don't believe that an IRA is prohibited in a margin account but rather it is the use of margin (creating a loan or pledging securities) that is prohibited. A similar reason is why OTCBB stocks can be shorted. No margin value but can be done in short account. Regards, Ken