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Strategies & Market Trends : MARGIN - Do's and Don'ts -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (4)	7/26/1998 11:17:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 35

Margin credits: They don't have such a term on the C. Schwab account, but I have a few months now of margin interest charged with a positive cash balance. The market value of the short position is subtracted from the cash balance and if it is debit, then margin interest is deducted on that amount. So if I had $5,000 cash and went short by $5,000, I'd be holding $10,000 cash and wouldn't pay interest until the short value rose to $10,000. Greg

To: Dale Baker who wrote (4)	11/9/1998 7:10:00 AM
From: Wayne Beidatsch	Read Replies (2) \| Respond to of 35

Dale, My father passed away a couple weeks ago.He had an account with Waterhouse and on last monthly statement it shows 2 stocks as Margin under account. Does this mean he owes yet. These two stocks are 90% of portfolio. Not sure how to read this and Waterhouse will not give any info to me. Mother still to shook up to deal with them. They currently froze account to any trading. We have lawyer closing account but wondering what worth.He was a lurker here and you were one of his favorites. Wayne