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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (83236)	4/18/2007 7:51:35 PM
From: george steven	Read Replies (2) \| Respond to of 206325

Why not just tell Fidelity you want to change your account to a MARGIN account? I set my account up as a margin account at Fidelity so as to avoid these settlement problems. It has worked well.

To: Wyätt Gwyön who wrote (83236)	4/18/2007 7:52:42 PM
From: Big Dog	Read Replies (2) \| Respond to of 206325

I think if you have margin set up on the account you can avoid this problem. (Not for IRA's.) big

To: Wyätt Gwyön who wrote (83236)	4/18/2007 9:12:29 PM
From: tom pope	Read Replies (1) \| Respond to of 206325

It's all quite murky to me, but they have objected to my selling a stock before the buy has settled - UNLESS (I think) the buy was made against settled funds. So what I use to guide me is not the "available to trade" line but the "available to withdraw" line. I really need the ability to set a stop loss as soon as the stock action isn't going as I expected. To sit there while waiting for the buy to settle is not acceptable. Merrill does not have this policy, as far as I am able to tell. It presumably falls under Reg T which I haven't read in a long time, but I remember from a previous argument with Morgan Stanley that Reg T is flexible. As I remember, Reg T will allow a buy against insufficient funds if there is a reasonable expectation that the funds will be in the account by settlement date. You should be able to drive a coach and pair through that one!

To: Wyätt Gwyön who wrote (83236)	4/19/2007 3:09:30 AM
From: upanddown	Read Replies (3) \| Respond to of 206325

i am forced to keep extra money in their stupid MMF that i would rather have deployed in currency ETFs or T-bills. Wyatt, I don't know what you are getting on your currency ETFs but the 7-day yield on Fidelity Cash Reserves is 5.00% which, AFAIK, is higher than all teasuries. I have a lot of money in FDRXX and I have no problem with it. Cash is like rust, it never sleeps. Sure, some of the people around here are doing better than me Mon-Fri, but I am doing better than them on Sat-Sun.<ggg> To me, cash, always available and paying 5%, is an asset class. John