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Post# of 79921
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momentumtrader

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momentumtrader

Re: momentumtrader post# 31845

Wednesday, 01/10/2007 12:04:28 AM

Wednesday, January 10, 2007 12:04:28 AM

Post# of 79921
Another thing about stock.
Call your broker and have them put the shares that you own into type 1 and not type 11.
Type 1 cannot be lent out, type 11 can. My one broker who clears through Penson has done this for me. It shows up as stock that is cash instead of marginable. I could've sworn they switched it a few weeks ago as per my request and somehow switched it back. This time I will be watching much more closely. I am going to ask e-trade to do it, but I'm sure it will turn into some kind hassle knowing how they operate.
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