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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: whyretire who wrote (17872)	11/27/1998 8:08:00 PM
From: Trader J	Respond to of 119973

Will, heck I do that all the time. As long as the settle as you are paying for one stock from the proceeds of another, regardless of when it settles it is ok. However, what they call a "Free Ride" is if you do not have any money in your account, or not enough, and buy say 10,000 worth of stock, turn around and sell it, and never make a deposit to cover the initial trade. Now, my account at Schwab has a cash up front restriction because they can't figure out how to send me timely notices when I owe them money. Supposed to be an SEC thing. What is funny is that even with the cash up front marker on my account, they still let me trade beyond the balance. Their internet trading desk people need help.....I have screamed at them repeatedly about this. I normally don't trade beyond my account value. One of my little laws that helps protect my capital. Good luck TJ

To: whyretire who wrote (17872)	11/27/1998 8:32:00 PM
From: Maakamil	Read Replies (1) \| Respond to of 119973

If I understood what you are saying, Fidelity is giving you a line of crap. How could anyone daytrade under those circumstances?