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Post# of 137481
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Profe$$or

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Profe$$or

Re: cvcamper post# 2845

Tuesday, 11/27/2007 11:09:22 PM

Tuesday, November 27, 2007 11:09:22 PM

Post# of 137481
Ok listen....I'm going to be as clear as I can here.

You are not buying the otc on margin. I understand that. IF you only have 5k in cash you obviously can't buy more than 5k worth of otc bb stocks. Obviously.

However...because you have a margin account...once you sell stock XYZ..you can immediately jump into another stock. You do not have to wait for the money to settle.

You are not buying the stocks on margin. You are paying cash for them. It is why I only bought 1530 shares of EBS today. I had 7300 in cash.

If and when I sell EBS tomorrow...I can jump right into another stock.

I'm not sure who you're trading with. You print out or fill out your margin papers online..and send them in.

Easy as that.

I hope that helps.

Enroll in Wealth University today!
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