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Re: d3lee post# 7295

Saturday, 04/29/2006 9:02:36 PM

Saturday, April 29, 2006 9:02:36 PM

Post# of 162835
If you buy a stock with unsettled funds (money made from another stock) before the three day restriction you must hold that stock til the full three days are up. I did sell a stock once that I bought from unsettled funds and sold the same day and they (Etrade) put a 90 day restriction on my account. Not a big deal. Unless you don't have much money. Iy just means that when you sell a stock you have to wait for three days before your money will show up in your account. The only way around this is to have 25000 dollars in you account which make you a day trader.