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Re: mo282 post# 12813

Tuesday, 01/19/2010 3:40:09 PM

Tuesday, January 19, 2010 3:40:09 PM

Post# of 233288
First, you need a MARGIN ACCOUNT. Second, within said margin account there are funds for the purchase of MARGINABLE and NON-MARGINABLE SECURITIES. Since KATX is a NON-MARGINABLE SECURITY, you can only use those funds for KATX purchase on margin.