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novicetrader

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novicetrader

Re: $Pistol Pete$ post# 663

Friday, 05/12/2017 11:04:05 PM

Friday, May 12, 2017 11:04:05 PM

Post# of 894
That's probably logical(Wednesday being the Record date).A BUY to initiate a position takes 3 days to settle,but when shorts COVER it actually closes a position,so it must be effective instantly(just to clarify,not meaning the settlement of cash$ amount,talking of only the ownership of the stock).
Thanks Pete.
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