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

To: E. Davies who wrote (10072)	9/3/2000 10:40:01 AM
From: Dominick	Respond to of 18137

Since serious damage can be done by NASDR archaic rule that could generate a significant margin call due to erroneously classifying a sale as a short, is to sue the NASDR. The NASDR in not a legislative body. You can prove without a doubt, it was a sale and not a short and the money was entered into the account from the sale. All firms have the accounting software to handle it. Regards, Dominick

To: E. Davies who wrote (10072)	9/3/2000 10:40:26 AM
From: exdaytrader76	Read Replies (1) \| Respond to of 18137

Its not Penson. Cyber uses Penson, and I guarantee there are no such idiotic rules there. From: cybercorp.com During the 1st Quarter of 2000, CyBerCorp was acquired by Charles Schwab and is now a wholly owned subsidiary of The Charles Schwab Corporation (NYSE: SCH - news). I deal with the margin dept. of Penson on a daily basis. Everything I posted is 100% correct about Penson. The B/D has no influence over margin rules - or at least any B/D I've seen. I imagine Cyber ditched Penson after the buyout, just my guess. I'm not trying to argue, but in my opinion, Penson really does blow goats.