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To: Greg Thornton who wrote (20593)	2/11/1998 10:59:00 PM
From: Harold S.	Read Replies (1) \| Respond to of 36349

Hey can anyone tell me if the market will be open on this Monday..President's Day??

To: Greg Thornton who wrote (20593)	2/12/1998 12:31:00 AM
From: margin_man	Read Replies (1) \| Respond to of 36349

If you buy $50K of marginable securities, the account now looks like this: portfolio value: up to 200000 equity: still 100000 ----> Margin: up to 100000 margin percentage = 50% but if you buy options, or take the money out in cash: portfolio value: still 150000 equity: now 75000 ----> Margin: up to 75000 margin percentage = 50% So the available margin goes up dollar for dollar for marginable security purchases only, but $.50 per dollar for cash transactions. Right? Greg, That's right. If your broker allows you to borrow down to 35%, you will get more for marginable stocks or cash transactions. And that's what got me into trouble in the first place! Patriot