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The basics:
There is trading margin for the day
and margin to hold stocks overnight.
Check your particular clearing firm for their declarations on the two
margins
and the nuances of if they operate under New York or Nasdaq regulations.
Investments can be both in cash and on margin. My clearing firm gives
margin to trade with on an intra-day basis but puts a limit on overnight
holding
margin. If you are completely margined in investments, my firm gives
trading power
for the day. This may vary between different clearing firms. Check your
own and become
familiar with their set-up. Don't accuse me of being dishonest just because
my clearing firm may be different than yours. I hope this is educational.
This is straight forward.
You're public attack is non professional and is full of twisting out of lack
of knowledge.
----- Original Message -----
From: <editorial@xxxxxxxxxxxxx>
To: "Dr. Layne Hermanson" <lahermansen@xxxxxxxxxxxxx>; "Omega List"
<omega-list@xxxxxxxxxx>
Sent: Saturday, December 04, 1999 6:16 PM
Subject: DR. HERMANSON
> -- Dr. Hermanson wrote:
>
> > Omega Man,
> > Aren't we being sarcastic today. Why would I be on
> > this list if I were not running Trade Station and
> > all it has to offer? I'm a physician, an investor,
> > and trade. Any bozo knows you can invest in stocks
> > and then have margin to trade others.
>
>
> No, Doc, we're not being sarcastic today. We're being honest today, just
like every other day. Do you recognize this word: "Honesty"? I think that
you recognize it, but you don't practice it. I've got you diagnosed Doc.
You suffer from a malformed sense of truth. You've forgotten what's real
and what's not.
>
> You wrote here that you had all your money, including loans on credit
cards, tied up in GUMM. Now you are saying that that is not the case and
that, in fact, you had all of your non-margin money in GUMM, but that you
have excess margin funds which you might deploy into other stocks. Hey Doc?
Why does a guy borrow money on credit cards for stock purchases if he has
margin funds available?
>
>
> The Omega Man
>
> P.S. - Rx for success: "Always - ALWAYS! - speak the truth."
>
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> ------------------------------------------------------
> Get free personalized email at http://four11.iname.com
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