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Microcap & Penny Stocks : DGIV -- Good Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: TheLineMan who wrote (2280)4/3/1998 4:22:00 AM
From: Michael Ulysses  Read Replies (2) | Respond to of 7703
 
Valentine, did you find out any answer to your query on your predicament?

I am long on DGIV. If you want to get in at a lower price and day trade, go ahead. DGIV is currently not AT&T. Your questions were skewed to the left. You're trying to look for AT&T stature on a BB stock. I gave you the news and not the hype. You want rewards? Then, wait.

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I was wondering if someone could help me here. On Friday 20th March I bought up a whole bunch of stock to the margin (in one of my accounts). On Monday the 23rd the stock was up 30% - I sold out my position, and when the stock fell 5%, I bought up my position again.
I sold out the position when it went up 15% on the 24th.

Anyway today I got a letter from my broker. Basically it says:

"Due to transactions of 03/23/98 your account requires $xx,xxx. These funds are required to satisfy the New York Stock Exchange Day Trading Call created on this date. Please arrange to have the funds delivered by 3pm on 3/31/98.
Failure to meet this requirement within the time prescribed may result in suspension in your day trading privileges. Stock Exchange regulations prohibit liquidating transactions from satisfying this obligation"

What the hell do they mean. Typically I am not a day trader and the stock was listed on the NASDAQ. If you can't help I guess I'll find out Monday.
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