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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (7082)	3/19/1999 12:54:00 AM
From: Usedtobe1	Read Replies (1) \| Respond to of 41369

Daytrading limit in IRA/cash account?? I bought AOL last Friday at an average of 96 5/8, and as a lark before trading started today, I put a day order in to sell at 114. It filled in the first hour. I thought I pulled a good one when it dropped to 112+ but when I tried to buy back in, my account wouldn't accept the order because I was "daytrading from a cash account". Of course it skyrocketed from there to 119+ before the small pullback..... making me a sick puppy. My on-line account is with Discover. I called the 1-800 number and they said I could sell and buy some other stock that day but not the same stock. I got the idea I could only buy and sell one time. They did say I could day trade the heck out of a margin account, but this is my IRA account ..... Is this a quirk with Discover or is it a SEC rule that I wasn't aware of? Appreciate feedback from anyone. Maybe we will get a small pullback on triple witching tomorrow to let me back in ..... otherwise toying with going after some IVIL at the open .... market or limit on IVIL? I'm sitting on a ton of cash. Thanks