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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: R. Bond who wrote (2090)	4/9/1999 10:58:00 PM
From: Barronio	Respond to of 3262

Just to clarify... your message implies that when ETrade unilaterally moved shares from Cash to Margin, they then started charging you interest on them. That's not how it works. The only substantial effect the move has is that it increases your margin buying power. If you try to buy something in your margin account and don't have enough cash, it will then dip into the margin the moved stock provides, rather than telling you insufficient funds. I agree it's bad of them to do this, because if you lose track of your cash you might buy something on margin without realizing it, but IMO it's not something people will get up in arms over.