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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Don England who wrote (840)	3/2/2001 2:37:37 PM
From: upanddown	Read Replies (3) \| Respond to of 23153

Don I have done that numerous times in my IRA without any consequences whatsoever. Must be selective enforcement. Brokers have to be concerned that customers they do that to will immediately put in transfer papers. Was that for a first offense without a warning? John

To: Don England who wrote (840)	3/2/2001 2:38:48 PM
From: herenow_2	Read Replies (1) \| Respond to of 23153

OT IRA Day trading Don, that's an interesting note. Never heard of any problems with day trading in an IRA. I buy and sell daily all the time. And I think I've sold and then bought back within an IRA without any problems. I'll check into it. It might be the individual brokerage firm. I know Vanguard discusses it in their literature and politely encourages day traders to take the business elsewhere.

To: Don England who wrote (840)	3/2/2001 5:12:58 PM
From: Mark Adams	Respond to of 23153

This sounds like reg t- which only applies when you don't have cash in the account to cover the trade, from what I remember.

To: Don England who wrote (840)	3/3/2001 10:22:49 AM
From: hitsoft17	Read Replies (2) \| Respond to of 23153

Don and all, I think the rub comes in when you trade in to a stock with no available funds. I accidently did this on my Schwab IRA account ( thinking I was into my cash account) one time and was called on the phone and asked to not do it. They simply cancelled the trade. I have a signature account with them ( over 100K) so they were not inclined to do anything worst, but lets just say they were firm in thier warning! As far as trading in and out of a stock I have done that repeatedly as long as there were funds to cover the trades on a continuous basis. This should not be a problem. Hitsoft17