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Re: mike23080 post# 8184

Friday, 05/09/2008 1:56:13 PM

Friday, May 09, 2008 1:56:13 PM

Post# of 154386
The transfer doesn't happen immediately. Scottrade essentially loans you the money you transfer in for the day or two it takes for the money to actually transfer from your bank account to your Scottrade account. Can you really blame them for not wanting to loan you money to buy a bunch of stock that's down 70% or so in about a weeks time and is valued at less than a penny a share?