Replies to post #42269 on InCapta Inc (INCT)

[xanadu]

melvin, don't know which service u use, i.e. Ameritrade, Scotrade etc. On Ameritrade, if you have owned a stock for at least 3 business days and sell it your money is immediately available for a new purchase. But, if it has not been three days you will have to wait for however much time remains until the three days are up before access to the cash. Cash will show in your account balance but when u try to make a purchase the transaction will be denied. So, example, because of Thanksgiving, if u bought Wed., and sold Fri,it may be next Wed. before you can use the cash counting Fri., Mon, and Tues. as the three business days. Possibility may be able to get at it Tue.

If you've held the stock for 3 days no problem.

[Dspetry]

As long as your able to BUY, then selling in not an issue...

The issue, as already pointed out, is your "3 days" of clearing time. You sold Wednesday. You can't use "Those" funds to buy anything until they clear on wed.

Also, down the road, there are "Wash Sale" issues when you buy/sell/buy for tax gain/loss issues...

"Free riding" also means buy X shares, then sell 1/2 on a double. (1/3 on a tripple, etc)Re-coup your initial investment, so your riding free.

Good luck,
Dave

[The_Free_Nebula]

melvinthemopboy - believe me there is no such thing as a free ride. You buy x amount of shares for $10K you sell half at a double for example. You put $10K back in your pocket. Believe me those $10K amount of shares are worth something to you. They are not "Free" their just "Paid For"....

TFN