The buy hasn't settled yet either! Especially when there is no buy! There is no buy or sell - it's just an order. If it executes that's a different story.
I just got off the phone with them. Here's the deal. It will only do this on the website. The balances on StreeSmartEdge will remain intact and show the actual number. The reason they implemented this is to help make sure people don't over extend themselves and understand the potential of what could happen if every buy order hit. I think Schwab wants to hold people's hands.