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Re: kennypooh post# 27211

Wednesday, 07/01/2015 4:23:32 PM

Wednesday, July 01, 2015 4:23:32 PM

Post# of 37236
IF you have asked your broker --- why don't you lay out the question(s) and answer(s) on the board?

However --- you show the WRONG question!:

1. As you noted in a subsequent post, one must have
a "margin account" for the "trade".

2. The "cost" will be certain 'standard commissions'.

3. BUT MAKE SURE THAT THE BROKER TELLS YOU HOW MUCH
"COLLATERAL" YOU MUST PUT UP IN ADDITION TO ANY-
THING ELSE IN ORDER TO MAKE THE TRADE.

(THAT'S "THE REAL QUESTION"!)

4. And/Or re-"search" through the SEC Rules and Regs
and "see" what you come up with.

Have a nice --- "one"!

P.S. I remember years ago when I was in public accounting
that it was brought to our attention that someone had asked
his 'accountant' how long he had to hold a stock in order
to gat capital/long-term gains".

Yhe 'answer' that he got was "six months" ["the minimum"
back then].

The person sold the stock ON the sixth month end --- and
at tax time he could onlt take it as a "short-term" trade.

The "answer" should have been: "Six months plus one day"
or "At least six months".

Specificity is "the key"!

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