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To: TheLineMan who wrote (3579)3/29/1998 12:54:00 AM
From: Tony Peng  Respond to of 12617
 
Valentine,

Some brokers (like Waterhouse) have specific and more stringent rules regarding the sum total of transactions allowable in one day. If this is your first day trade call, your broker may grant you a "warning" for a first-time occurrance. Otherwise, if you don't fund your account right away the account from which the call was created will be frozen for 90 days. Talk to your broker first thing Monday. Here is a link that may be either helpful or cause more confusion:

savoystocks.com

Best wishes,
Tony



To: TheLineMan who wrote (3579)3/29/1998 9:16:00 AM
From: TFF  Respond to of 12617
 
Did you go over the 50% margin limit? If you did then you were "free riding". In other words using $ you didn't have to trade. The SEC doesn't like that.


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