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

To: William W. Dwyer, Jr. who wrote (2096)	3/21/1999 1:44:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 3216

Bill, I am not boxing positions. To illustrate: Let's say I have $20K in my account. Monday I buy 1000 shares of Dell in MB Trading (I am now margined fully) I hold them overnight. Tuesday I sell the shares. If I buy them back on Tuesday, I will get a Fed call from MBT. But, I might want to buy them back. So, I buy them in Cybercorp. It's just the way they calculate margins in daytrading accounts. To my knowledge, both Cyber and MBT do this. I did not bring this up in order to show how to box positions. Hope this clears it up.