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Casprs1

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Casprs1

Re: Cheesofriezzz post# 119802

Wednesday, 03/11/2009 2:52:47 PM

Wednesday, March 11, 2009 2:52:47 PM

Post# of 704570
Looks like all the answers you've received are wrong. They just restricted your account to cash only transactions for 90 days. It's not their rule but the SEC's rule. If you sell a stock you can use that money in 3 business days as that's what it takes to settle the funds. If you sell options it only takes one business day. So basically you can sell options today and use the money tomorrow to buy something else.

The difference between genius and stupidity is genius has its limitations, stupidity doesn't.

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