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

To: OZ who wrote (8147)	4/30/2000 4:46:00 PM
From: Leland Charon	Respond to of 18137

OZ, Just wanted to thank you again for adding some very interesting topics to this thread. I think you (as well as others) have really given us a lot of food for thought. Leland

To: OZ who wrote (8147)	5/1/2000 3:02:00 AM
From: Apakhabar	Read Replies (1) \| Respond to of 18137

Hello OZ, My example was meant to illustrate BP in real time, i.e. the moment the stock hits 40.... Re: the margin computations... my broker is not as generous as yours on the overnight (I have an account with Momentum, cleared by Southwest). If my account is 90k and I hold 40k in stock overnight, my buying power the next morning would actually be 140k reduced by (25% of 40 x 2), or 20k. So the next day I would start with 120k in buying power. Are they doing something "wrong" or does each firm have some choice in the matter?