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

To: wily who wrote (3735)2/6/1999 10:28:00 PM
From: Dan Swartzendruber  Read Replies (2) | Respond to of 7382
 
I guess I'm confused then. The margin description sword gave implied (I thought) that you could go in and out as much as you wanted as long as you didn't use any intraday credit and didn't end up in the same stock at close of trading. Why is she not allowed to use the proceeds of the sale? She seems to be saying that both waterhouse and datek have been allowing this with no margin call.



To: wily who wrote (3735)2/6/1999 10:30:00 PM
From: Wayners  Respond to of 7382
 
That's right about exceeding Reg. T. If she daytrades any DELL under the $10K limit, I'd say she would get a margin call if she has a net loss on the daytrades under rule 2520 equal to the amount of the loss.


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