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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: B.K. Ohneis who wrote (7269)3/8/1998 3:30:00 PM
From: Jon Tara  Read Replies (1) | Respond to of 16892
 
You *should* pay margin interest on the 12,500. As your equity drops, you aren't borrowing any more money.

Conversely, if the stock goes up, your loan balance doesn't decrease!

Is there any evidence or reason to beleive that Datek is doing otherwise?