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Re: Fallingknife75 post# 102274

Friday, 03/27/2020 11:19:20 AM

Friday, March 27, 2020 11:19:20 AM

Post# of 120246
In regards to your comment, "As for the Fidelity comment, if you have the funds in your account to cover your margin position, then you didn't need to use the margin in the first place."

I rarely have cash positions. Probably not a smart thing. I will time to time buy on margin while transferring monies from another financial account. Seems the last few months have all been those types of trades. The transfer has to clear. However, I am able to buy on margin even though the transfer hasn't cleared. I do know each financial institution has their own rules. Fidelity seems very fair. IB is not. Sucks they sell stock on you because the share price went down. You get double whammed.

All in all, I agree with you, especially regarding the short sellers. That whole concept is BS in my opinion.
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