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To: coachbobknight who wrote (7032)	4/21/1999 11:33:00 PM
From: wily	Respond to of 12617

It very much depends what firm you are with (and what type of mood they are in that day). Some let you buy back with the proceeds of the sale as long as you then hold the new shares overnight. Others stipulate that you can't use the proceeds on the same stock. Any firm will let you use your daytrading buying power to buy and sell the stock that day. Here's a helpful Nasdaq notice about margin rules (it doesn't cover everything): nasdr.com

To: coachbobknight who wrote (7032)	4/23/1999 12:56:00 AM
From: Roman S.	Respond to of 12617

For an example, I held shares overnight which I bought Monday using most of my cash. Tuesday morning I sell. My current buying power is the money from the sell plus any unused cash in the account. I may repurchase the same stock or a different one, up to my current buying power that day. Then I can sell it the same day (Tuesday). You will get 2 'buy' confirmations in the mail and 1 'sell' confirmation for all the shares sold the same day of the same stock. This is the fact for my broker. Others may have different rules for 'same stock' transactions the same day.