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Non-Tech : Webstreet Online Broker (www.webstreet.com) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (5)	2/2/1999 8:10:00 PM
From: RangeRover	Read Replies (1) \| Respond to of 114

Not sure if all brokers do that..I only did it once by mistake and if my account would have been margin at the time, they said they would not have sold it...Good Trading......

To: Daniel Miller who wrote (5)	2/2/1999 8:22:00 PM
From: dfund	Read Replies (2) \| Respond to of 114

Daniel, Check out www.aftrader.com. I've been using them and although they have the three day rule too, the $ is available day of sale for another purchase. They charge $14.95 per trade with no limit. Take a look. dfund

To: Daniel Miller who wrote (5)	3/14/1999 12:15:00 AM
From: songsung	Respond to of 114

Daniel, I don't understand why Webstreet had to charge your stock buy on margin. You sold Stock A before buying Stock B and expected the fund from selling A to cover B. The money was not there when you bought B since it took 3 days for A to settle. But you had 3 days to settle B too. By the time you needed to settle B, the trade for A had already been settled and hence the fund to pay for B. So why the margin charge? On the margin account. I have been given advice against using margin to buy stocks. But it seems it's essential to have a margin account if you want to do daytrading due to the sec rule of 90 days restriction. Anyone has any thought on this?