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To: Sabrejet who wrote (18980)5/27/1999 5:34:00 PM
From: Mary Baker  Read Replies (2) | Respond to of 41369
 
Trading with margin, as I do is processed and cleared without going down with the ship! I use it ONLY to day trade.

Can you explain this for me? What does processed and cleared mean?

Thanks,
Mary



To: Sabrejet who wrote (18980)5/27/1999 10:04:00 PM
From: Ed Forrest  Read Replies (2) | Respond to of 41369
 
>or buying your groceries with a credit card<

I do that and put anything and everything I can on my Citibank Visa.Of course I pay my balance off every month and in turn I get a 2%discount on any model new car I buy.I think that is what Mary is doing.Paying off your balance allows you to use their money for up to 45 days free and they pay you.
Ed Forrest