If you watched L2 yesterday, you'd know that there were some serious buys in both the .06 and .07 range yesterday. Don't think that whoever it was that bought those big blocks is going to sell here for a loss. Also - I don't know what you mean by "scottrade's 3 day rule", but you should be able to buy and sell any stock at will. If you are using a cash account and you mean it takes 3 days to settle, then you can still sell your stock, you just have to wait for the cash to settle.
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