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To: Patounet who wrote (492)	3/20/1998 2:20:00 PM
From: Steven Angelil	Read Replies (2) \| Respond to of 7703

I think what you are talking about is "freeriding" and what that means is you cannot just buy a stock, hold it for one day or one hour, then sell it for a profit and avoid sending your principle money in. If you buy a stock and there aren't enough funds to cover the sale, you have to get that money in by 3 business days or it is considered freeriding. Be careful. Steve

To: Patounet who wrote (492)	3/20/1998 2:34:00 PM
From: Forest Gump	Respond to of 7703

That is not trading on margins. Margins are when a broker and you have a margin agreement and a) you have X ammount in marginable stocks or cash and b) they will lend you twice that amount to trade with. In most cases a stock must have a trading value of around 5$ or better to be margined or have margin power. This is the most effective (and unless you have a lot of cash) the only way to day trade safely. Be careful. Know what you are doing day trading without the proper elements will get your accounts frozen, suspended, or canceled.