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easymillion

10/15/11 3:34 PM

#109747 RE: d0lphint0m #109746

d0lphint0m-"I had an interesting situation arise Friday"
Really? I had an interesting call (at my work number, no less) from my "Investment Advisor" on Tuesday of last week. He said he had just been assigned to my accounts! Investment Advisor assigned to my accounts??? Talked around a bit about services and then asked specifically about having so many Sarissa Resources shares in my accounts and if there was something he should know about Sarissa. I just said it was a purely speculative investment. I added that I had a great deal of confidence in the CEO because he had experience and contacts as part of a 3rd generation mining family. Hope I didn't say too much, but curious that he asked specifically about Sarissa, as I have several other large speculative equities in the accounts as well. Not at all like your experience with Schwab, but interesting and curious...
Easy
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HARD ASSets

10/15/11 3:35 PM

#109748 RE: d0lphint0m #109746

Is that because you are not a registered day trader? I'm not able to do that either but if I had 25K and registered I could.
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JPGetty

10/15/11 8:31 PM

#109760 RE: d0lphint0m #109746

A sell has to excecute and then be put on hold for 3 business days before you can use the proceeds from the sell.

So, by market law, you can't buy stock with the proceeds of a sell on the same day.