Tuesday, November 22, 2005 12:15:13 AM
creditted to a MARGIN account for use by the client , and any use of those funds before actual settlement is charged a nominal interest fee . Some Brokerages waive the interest fee
when portfolio stock balances are above a standard amount .
This applies to ALL stocks where a client is only using / borrowing the EXACT amount to be received from a SELL after the 3 day settlement rule .
It does allow for immediate use of funds for other BUY trades once any SELL trade has been exercised .
Of course , marginable stocks allow a client to borrow up to twice to three times the value of the marginable stock depending on the marginable ratio for a particular , but that can be a killer if the marginable stock goes down and a margin call is forced .
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
FEATURED Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • May 17, 2024 11:00 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM