Scottrade allows ARNA on margin. I buy on margin with any downturn manipulation in price picking up 100/200 to 300 shares in chunks, and then replacing the margin funds in a few days with the cash.
I wish that was true. If it were, I would noy be asking. Different stocks have different margin requirements, and those vary by brokerage. My current brokerage does not allow margin on small cap bios generally before FDA approval. For some reason they have not changed that yet, and I want to buy more while we are still under 7.24. Thanks for the replies.
I would be surprised if any of the larger brokers DID NOT have it available. Only problem is that you will not be able to transfer securities that fast with Patriot act laws and DTC rules. I would open the account now and transfer the securities later.
Sharebuilder still allows 50% buy, 30%maintenance on ARNA, but I don't know if you can open, be approved for margin, and fund ANY new account by this Fri...btw, optionsxpress and tradeking don't allow margin on ARNA, as I have accounts with them as well....Good Luck