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Re: Goldman450 post# 42305

Thursday, 11/24/2005 11:58:22 AM

Thursday, November 24, 2005 11:58:22 AM

Post# of 286279
Goldman, I use Ameritrade and the scenario is this. I buy 10,000 shrs of ABC and sell them the same day. The funds will not be available to use again for 3 busi days. This applies to each stock you own. If I buy 20,000 shrs of CDE and hold them for 3 busi days (the funds have been settled), when I sell them THEN the funds are availble to use immediately. There's always a 3 day lag time for funds settlement. Happy Thanksgiving to all....RTB