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Dspetry

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Dspetry

Re: melvinthemopboy post# 42269

Thursday, 11/24/2005 9:50:36 AM

Thursday, November 24, 2005 9:50:36 AM

Post# of 286279
As long as your able to BUY, then selling in not an issue...

The issue, as already pointed out, is your "3 days" of clearing time. You sold Wednesday. You can't use "Those" funds to buy anything until they clear on wed.

Also, down the road, there are "Wash Sale" issues when you buy/sell/buy for tax gain/loss issues...

"Free riding" also means buy X shares, then sell 1/2 on a double. (1/3 on a tripple, etc)Re-coup your initial investment, so your riding free.

Good luck,
Dave
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