Replies to post #1008 on Investor Help (NO Ihub questions)

[booger]

Depending on your broker and the amount of cash you are working with, some brokers will give you a free ride..

Sell a stock and let you immediately buy another without waiting for the 3 day reconciliation period.

mo
BD

[plastipunk]

Yo Irishbull, A guy at TD Ameritrade told me that when you sell a stock you can buy another stock right away with the proceeds but then you must hold that new purchase for at least the 3 day "buy" settling period of the previous stock purchase?

He also said the 3 day settling period only applies to the buy end of the trade, not the sell end of the trade.

I'm confused a little here but maybe I missunderstood TD rep.


TIA