Wednesday, December 19, 2018 8:00:18 PM
When he says cleared funds he means funds he can use to buy stocks, particularly penny stocks.
Most brokers put a hold on checks you deposit until the check clears, or say you can use the funds immediately for big board stocks but only after clearance for penny stocks.
Similarly, when you sell a stock it takes two business days for the trade to settle. Depending on the type of account you have and your releasing history, some brokers may not let you buy penny stocks with the proceeds of your sale until settlement date.
Think of it as your broker’s equivalent of one of your creditors wanting more than you saying “The check’s in the mail”.
If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM