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LG

07/24/04 2:40 PM

#274573 RE: Newly2b #274560

Newly2b: You and I have already beat this horse to death and I think we did it on this thread...gg

You are right, there is no rule at this time. Judging by the NASD Rep's comments, I suspect some will be coming, but who knows. The rules do not seem to me to have been thought out very well in the first place.

I know there is the tax advantage argument for using retirement accounts to day trade, but personally I don't think it is a good idea to day trade using retirement accounts and would recommend against doing so due to the inherent risk!

Good trading...

Regards,
LG

PS: I've got honey do's to do...gg