Just got off phone with fidelity...I can repurchase same stock with proceeds of prior sale without waiting 2-3 days. However, I must wait to sell the same shares 3 days that I repurchased. Appreciate the clarity from those that responded.
I've sold the same stock and bought it back before settlement. You just can't sell the shares you bought with unsettled funds. So don't clear out all of your shares. Say you have 10,000 shares. You can sell 2000 @ $22 at 9:30 am...and buy back 2200 shares @ $20 at 10:30 the same day. You just can't sell that particular 2200 shares until the funds that you bought them with settle. But because of the First in, First out rule (FIFO) you still have 8000 shares that you can do this with...