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

To: Maarten Z who wrote (3699)	2/6/1999 6:35:00 PM
From: Dan Swartzendruber	Read Replies (2) \| Respond to of 7382

I think the issue is buying stocks on the margin and holding them overnight and then using margin funds for another position the next day and again holding them overnight This is a superset of the case I described in my earlier post. If you didn't use the intraday credit before going long overnight the second time, I believe you would be okay.

To: Maarten Z who wrote (3699)	2/6/1999 7:00:00 PM
From: Mama Bear	Read Replies (4) \| Respond to of 7382

Guys, I hear what you're saying, but I'm telling you that with $10k in funds I can buy $20k of DELL, hold it overnight, sell it in the morning, buy another $20k of DELL, daytrade 100 times it, buy it back and hold it overnight again. I can use the funds and margin to daytrade other stocks, or I can daytrade them and hold them overnight. Once I sell the position from overnight I can use the funds fully for whatever position I like the next day, and I can do so using the maximum margin allowable. Dealing with this rule would seriously handicap my style. Barb