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Mr_Bill

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Mr_Bill

Re: Jay Walka post# 13976

Tuesday, 11/21/2006 2:38:13 PM

Tuesday, November 21, 2006 2:38:13 PM

Post# of 114954
FYI: I don't know how it is with other brokers, but with E-Trade if you buy shares with a cash account and then upgrade to a margin account, when you go to sell those shares you will not have immediate access to the funds, as they will still be considered as coming from a cash account. You will probably have to wait the three business days to get your money.

I just found this out the hard way today with my PLYCF shares.

Good luck, everybody!!

Mr. Bill


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