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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: paulmcg0 who wrote (14480)3/1/1998 5:05:00 PM
From: Bonnie Bear  Respond to of 94695
 
hmmm... I think the brokerages have this spammy way of holding up a trade to "check your credit" if you want to buy on margin and it's not in their interest to make the trade. An ex-trader told me about this.
SO you don't get credit if there's inadequate money in the account.



To: paulmcg0 who wrote (14480)3/1/1998 6:35:00 PM
From: Stephen O  Respond to of 94695
 
Paul, You can only buy on margin for the value of margin you have on account. That is all the security they need. You don't ante up extra margin they sell you out toute de suite. Also they monitor how much you are buying. A $20,000 account buying $60,000 of stock would raise eyebrows, buying $5,000 and they would not care.