Twitter Following

Just curious about this, the limit to follow each day for starters is 350 if I'm right? And it comes up with a message saying you can't follow anymore? Now is this 350 per 24 hours, or per actual day on their server for example could I gain 350 followers at 11:50pm and then wait 10 mins and do it again or would i have to wait another 24 hours?

The other thing I am guessing is that if that "You cannot follow anymore people" message comes up, it must flag your account and put you under a little bit of suspicion no?

Lastly, I know I heard about there is a ratio and at certain amounts of people following you, you can break hard-caps and follow more people / have more following you??? If someone could clarify that for me too that would be awesome!

Thanks for the replies ahead of time, sorry to sound like a Twitter noob but I totally forgot about this, hopefully this will help some others new to twitter!

350 limit is the api requests limit per hour

You can follow 200 users per day. 2000 is a total limit, after it you'll be able to follow up to +10% of your current followers number.