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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (57664)	4/27/1999 5:30:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 132070

>but if I may ask;; when I happen to know ahead taht I'm going to Day trade an issue, and if I use the margin account , will they debit me with a margin rate, ( in and out the same day ) ? I'v not tried that yet, guess I ought to do one and see <G>< There has been no debit to the margin shorts I have flipped over on the same day in my accounts. They probably figure it by the day, and anything less than one reverts to no charge. Just what the public needs- Another enticement to day trade. <g>

To: James F. Hopkins who wrote (57664)	4/27/1999 6:17:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

"when I happen to know ahead taht I'm going to Day trade an issue, and if I use the margin account , will they debit me with a margin rate," Neither Datek or Waterhouse does. Get this, they still pay the money market rates if you keep your money in cash. One of the few instances I have encountered of having your cake and eating it too. Barb