Replies to post #120093 on MultiCorp International Inc (MCIC)

[MLR_Lite]

You are not supposed to sell on money that was not cleared until it clears. That is why I NEVER buy stock with unsettled money.

[phunnibone]

Not sure. My accountant said not to buy, sell, then buy within the same 30 days. But I think there are different rules for traders.

[nsomniyak]

See this explanation - refer to the section on the "free ride rule"

http://invest-faq.com/articles/trade-day-free-ride.html