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sidedraft

03/09/10 10:04 PM

#165798 RE: bsauce #165777

Buying with unsettled funds is not a problem, but you can't sell your newly purchased shared until the funds settle, but you own what you bought.
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drkazmd65

03/09/10 10:11 PM

#165814 RE: bsauce #165777

What's up with this crapola on late buying?

According the 'Stock Trading for Dummies' once an offer of sale is accepted from the buyer - the new owner of that share is the purchaser.

The 3 days bit only applies to how long it takes for the paperwork to settle. The sale is final - assuming sufficient funds in the purchasers account from that point.