InvestorsHub Logo
Followers 6
Posts 288
Boards Moderated 0
Alias Born 02/08/2004

Re: cloud8 post# 12492

Friday, 04/22/2005 11:38:05 PM

Friday, April 22, 2005 11:38:05 PM

Post# of 326388
Cloud, you actually should be able IMMEDIATELY to use whatever capital any sale yields. I've done it many times myself.

The sole proviso (it's not a "catch," just a requirement, at least at E*Trade, but, I imagine, elsewhere, too) is that you then NOT turn around and sell THOSE NEOM shares (or any other shares thus acquired) prior to the end of the "T+3" period established by law for freeing up sale proceeds.