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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2533)2/8/1998 12:36:00 AM
From: Doug Moulton  Read Replies (3) | Respond to of 4969
 
Mr Goldman,

Thanks for all the work you have put into this thread.

I have a question I can't seem to get a straight answer from any brokerage house. It deals with buying power. Let's say I have $10,000 in my account and buy $20,000 worth of stock using margin. I sell that stock the same day for a profit of $1,000. I now have $11,000 equity in my account. Can I now place another order on that same day to purchase $22,000 worth of stock using margin?????

TIA,
Doug Moulton



To: steve goldman who wrote (2533)2/8/1998 3:30:00 PM
From: Cosmo Kramer  Respond to of 4969
 
Thanks for the reply. Funny you mention Iomega and Zitl, Many of the hypesters are predicting that BAAT will be another Iomega and I was in on Zitl too...<G>

Is there any way for you to see if BAAT's action this past Thursday was market makers or just profit taking and panic selling? Can a penny stock be shorted?

Thanks,
mark


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