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JonyJL

07/14/11 2:59 PM

#131873 RE: Bubba714 #131872

Haha, It's a 3day period for new funds to clear. And the rules are funny with the buys/sells with the money you get when selling with the same stock.. It's called a round trip or something like that and if you do it more than a couple times your acct will be suspended..

If you're invested with a decent amount of shares I'd say wait the 3 days, I just bought some more shares but I am waiting 3 days (monday I believe my funds will clear) before I put more in it...

I'm with Scottrade as well :) LMAO yah just call em up and say "JUST KIDDING! SHEESH YOU GUYS CANT TAKE A JOKE?!?!"

Just keep a solid eye on the pps and if you have to, go to a scottrade office with a cashier's check (I think that's what they're called) and you can use those funds immediately :) Or you can WIRE the money to Scottrade from your bank too. you have to go into your bank and do it and there's a 20 dollar or so fee to do it :P

MLR_Lite

07/14/11 3:02 PM

#131874 RE: Bubba714 #131872

If the shares you sold were yours for more than 3 days, then you just have unsettled cash. Most of the time you can buy a stock with that unsettled money. But you would not be able to sell again for 3 days.