InCapta Inc (INCT): Goldman....Good morning and Happy Thanks...

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mimurray

Re: Goldman450 post# 42305

Thursday, 11/24/2005 10:34:48 AM

Thursday, November 24, 2005 10:34:48 AM

Goldman....Good morning and Happy Thanksgiving to you and yours!!!

In the post you are referring to the guy bought GnF and then sold it and tried to buy it back without having a margin account set up. So he is obliged to live by the three day settlement rule before he can trade on those funds again.

Last year I got nabbed by Scott for being a pattern day trader. They let me use the one time exemption from avoiding the penalties for breaking the "free ride" rule. There policy is you can only make 3 round trips in a 5 day trading period. However they have no problem with making as many swing trades as you want to. You simply have to hold the stock at least over night.

I avoided all this nonsense by keeping my account above 25K and there is no problem now.

"Sort of" is such a harmless thing to say. "Sort of". It's just a filler. "Sort of" - It doesn't really mean anything. But after certain things, "sort of" means everything. Like after "I love you" or "You're going to live" or "It's a boy".