Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Eric Maggard who wrote (20069)	8/1/1998 2:26:00 PM
From: watcher	Respond to of 79298

Eric!!! This stuff is computerized...so..probably goes something like this... 1. sell order a. sell does account own the stock i) no? does account have margin? yes) does acct have sufficient margin for trade? yes--put thru to stock loan dept for approval (that is, to find if there are shares available) no) --- bounce order .... b. if owns the stock, does account have correct number of shares ...etc. Automated. Not much hope, I don't think. Easier to buy stock for which you don't have $ in the account to cover (after all, you have 3 days to come up with it...:-) Ah well...it shouldn't be too hard to get a margin account, should it? (It is if your account is an IRA, in which case...forget it. Margin isn't allowed in IRA accounts --I'd love to be proven wrong about this, believe me. You can, however, buy & sell puts & calls, write covered calls in an IRA if you are approved to do so...I don't know what else. Since I've not written covered calls my interest hasn't been to go beyond what I can do.) Good luck watcher