gappa, you nailed it!
The DTCC and the MM are the ones that generate the free ride on Scottrade. It just showes you the MM wern't even selling shares that they physicaly had on the last run. I bought a few and bet they didn't even exisit. AIR, ya know. They bet the price will go down and they will buy up as peeps dump and fill my order a few days later. That 3 day thing is a joke. Like it takes that long to punch a key stroke. Its insulting in this age of computers.
But I'm in and out alot and get ST putting a halt to my funds every once in a while, since the shares or cash hasn't showed up.
I call it the carany in the mine.
Just shows this is being held very tight and the free float is just not there. MM are making up shares to sell on every run.
Let this run hard for more than 3 days and I mean big, like up past .05-.10 and you will see ST slapping a do not buy and then a do not sell on QASP. Thats the sign the MMs are out looking for a loan to complete the previous few days transactions. If you want out or in quick, it sucks. We pay the price in the end. ST won't float you that kind of credit. Why I stay with em.
Cash only in penny land
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