Vestiage, Inc. (VEST)

[JimsZ]

Eh, back in the day when you used to use paper certs I could see this (needing 3 day settlements). Now, everything is electronic and if your broker didn't acquire the electronic certificates, then he should be on the hook, not you. He has your money, he holds your stock. If he loans your stock out to short, should you be on the hook waiting for him to acquire to settle trades? To me it's nothing more than a keep the little guy down while we pad the guy with money's pockets a little more! Seriously, I can order from Amazon.com and receive it by morning. I can go to the ATM and withdrawal cash and it shows up on my statement immediately, why a 3 day period when everything is electronic?


The smaller guys can't jump in/out of stocks (keeps from riding waves), by the time you buy a stock and hold for 3 days, even if price was rising is usually down 20% by time you can sell. If stock is dropping and you sell, you either wait 3 days to buy back in, or cannot sell for 3 days once you do, so if it continues dropping YOU LOSE.