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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: wmwmw who wrote (3135)	6/1/1998 7:44:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 4969

Time to get another broker. I use DLJ Direct. Some like them some don't but they seem OK to me. twenty bucks gets you everything except options which I think are 40 bucks. By everything I mean internet or phone orders; Market orders, stop loss or limit orders etc. I have even talked to traders on AMEX stocks for no extra charge. I usually don't trade within a couple days so I am not sure about waiting for trades to clear but I know I am allowed to do three trades on the same stock in a day limit. Sell, buy, sell then no more.

To: wmwmw who wrote (3135)	6/6/1998 5:06:00 PM
From: TT	Respond to of 4969

Wang, The same rule applies to both sides (Seller & Buyer) 3 days for settlement, profit or no profit, win or loss. Therefore, there should be no problem for you Selling x and buying y one after the other, Unless you Are buying y = greater than available funds, or credit. It always been that Way for Me @ Q&R and E*Trade. Unless in the past you have bought a security and you have paid for it on the 4th day or latter, if that happend then you have the 3 days rule rule privilege canceled for a certain time (I believe it is the SEC rule), depending on the brokerage firm, too !!! A solution would be changing Brokers, in either case. Please, correct me if I'm mistaking. Hope it help, Julius.