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Non-Tech : Waterhouse Securities -- Ignore unavailable to you. Want to Upgrade?

To: Alf who wrote (354)	3/3/1998 5:25:00 PM
From: DRL	Read Replies (1) \| Respond to of 2076

As far as I know, you still need to call to cover your shorts. HOwever, there is no rush to do this, as you have until they settle. I have even called to cover a short once, then changed my mind the next day, and left the position long. As long as they do not settle, I was told. You could open an account in your home town as it might be easier if you have to drop off anything like a check you want posted immediatly or such. I have only been to my local branch once in 3 years. If you call your local branch, usually they will answer the phone unless they are busy then it will roll over to their national center--same service That cell phone question is best left up to an accountant, as I am not, however, my take is basically no. As I recall, unless, you can only deduct, the portion of your expenses that are over 2% of your AGI. (I think) Another way is to from a LLC or the like and do all your trading in that entity, then, perhaps, your trading expenses could be covered. But, I'm sure it would be cheaper to install another voice line or data line than to be using a cell phone to make 800# calls. And yes, all of Waterhouse's numbers are toll free. Hope this helps

To: Alf who wrote (354)	3/3/1998 6:02:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 2076

>>>Let me see if I got this right,I can short a stock on the net but in order to cover it I have to call WaterHouse on the phone to place the order ?<<< Actually, the new servers have a "buy to cover" option. Go though waterhouse9.com. When the screen comes up, it will offer you the option of using the new software. It looks like it may be a little better. On the other servers, you buy the stock with a web order, and call the office and ask them to journal it into your "type 5" account. Barb