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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (2672)	12/12/1998 11:19:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 7382

Would it be correct to say that if on Tuesday you sell a stock held Monday overnight and that all day Tuesday you do not purchase that same security, that your margin is "normal" for Tuesday? Normal being you can buy and flip (in the aggregate outstanding at any given time during the day) to -- your opening "buying power" level PLUS the dollar amount of the overnight stock sold that morning? If so -- then the margin requirements are not too bad at all, UNLESS you find a need to keep playing the same stock. and IF SO, can you open an account in "the wife's name and social security number" and buy the stock there on alternating days and as such avoid this "rule" of their's? IF NOT, WHY NOT? OR can you instead open an account say at Datek, and do the alternating day's trading there? Colin