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Strategies & Market Trends : New Margin requirements -- Ignore unavailable to you. Want to Upgrade?

To: Proton who wrote (13)	3/13/2000 12:01:00 AM
From: Proton	Read Replies (1) \| Respond to of 20

Re: Margin "Reloading" This is slightly out of phase with the topic, but it's possible that the new margin rules may change things: Southwest Securities claims that you may reuse day trading margin buying power during the trading day. Say you have $10K in buying power and use it on a purchase. You sell the stock intraday. You may use the same $10K of buying power on another transaction. 1. Do I have Southwest's policy correct? 2. Southwest claims that other clearing firms do no allow for this reuse of buying power. Are they correct? I'm especially interesting in learning what Penson's policies are. 3. Is there anything in the proposed rules addressing this practice? No paternal warnings about the dangers of margined day trading, please. I'm only curious, but what I learn here may affect my choice of direct-trade firm. TIA P.