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


To: DO$Kapital who wrote (27653)12/14/1998 11:51:00 AM
From: JimBeamII  Respond to of 119973
 
J4 -- if you sell a margined security that you held over nite, buy it back the same day you sell it, then hold it over nite again, it is a violation. It, I believe, invokes a fed call. Four fed calls and your margin account will be restricted.

My question is different in that I just want to accumulate more and not sell any. I'm wondering if the same rule applies.

Prosperous Trading!
jb