Innovative MedTech Inc. (IMTH)

[Xenite]

The funds settle in 3 working days. If you sell on a Monday the funds are settled on Thursday and if you sell on Tuesday they are settled on Friday, etc.

But you can still buy stock with those unsettled funds. The deal with that though, is that if you buy with unsettled funds, you can not turn around and sell what you just bought with the unsettled funds until they are settled.

So for instance, if you sold on Monday, you could buy again immediately after, but would have to hold what you buy if you use the unsettled funds, until Thursday before you could sell them again.

Of course if you have a margin account you do not have to wait for the funds to settle. But of course many people cannot meet the requirements to open a margin account. I've found it to be invaluable though, also to escape the pattern day trade limitation the is a SEC rule.

Sorry took so long to reply, had to keep an eye on my main stocks today after the Goldman fiasco.