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To: jtsaratoga who wrote (3523)3/24/1998 2:02:00 AM
From: jtsaratoga  Respond to of 12617
 
Just started a brokerage thread techstocks.com on Preferred Capital Markets. IMO it does not seem to be like a regular on-line brokerage firm where one sends/waits for confirmation through a web browser. I'll find out in the coming days.

Please post if you have any experience with this firm.

JT



To: jtsaratoga who wrote (3523)3/24/1998 8:45:00 AM
From: TFF  Read Replies (3) | Respond to of 12617
 
JT: $0. No interest payable if bought and sold on same day.



To: jtsaratoga who wrote (3523)3/24/1998 10:13:00 AM
From: dpl  Read Replies (2) | Respond to of 12617
 
Should be zero.

In fact where I trade(and I asume others are the same)you would still get interest on the $10000 you put up.It would not leave your money market.

David



To: jtsaratoga who wrote (3523)3/24/1998 8:18:00 PM
From: Dominick  Respond to of 12617
 
Jtsaratoga:

Usually the method of calculating margin is on the margin agreement you signed with the broker.

If you can't determine it, call them. Some broker/dealers may not charge margin for buying & selling the stock the same day.

Dominick


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