Replies to post #165822 on Mr Cooper Group Inc fka COOP

[shizzy]

thankx for the reply...im locked and loaded...dont think im going to buy any more, willing to wait it out

was just curious as to the effect T+3 would have, if any on the retail volume.

[drkazmd65]

Exactly bman.

Once the sale is made - the shares are the purchasers, not the former owner or the brokerage.

The money changes hands via the brokerage middlemen, and the paperwork takes 3 days to be finalized.

You only get into trouble if you then again try to sell the 'new' shares before the 3-day window closes, and use the proceeds to try and buy something else.

[MullItOver]

Shares take three days to settle from purchase date not sale date
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