quote:

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Originally posted by salemm:
instantly.
salemm.

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quote:

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Originally posted by BananaBelly:
I actually asked this same question last week. I was told it takes 3 days to get the buying power back for the shares you sold even though the cash shows up in your account. BTW, im still waiting on mine too, i sold some of mine on Friday and im sure the weekend doesnt count for part of those 3 days.

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NASD Rule 2520
NYSE Rule 431

Those rules together with ongoing illegal
naked shorting by almost all Market Makers
and brokers, have prompted most, if not all,
online brokerages to not allow sales funds
to be used for trading for seventy-two hours
of trading time, this is, three trading days
which excludes weekends and holidays.

Wall Street and off-shore brokers have engaged
in so much shorting and naked shorting, none
trust anyone to provide funds for sales.

In effect, Wall Street has created so much
mistrust because of their unethical and
illegal practices, private investors are
denied funds because online brokers hold
a position those funds may never arrive;
they do not trust Wall Street to send
those funds.

Moving to a margin account improves this
problem. However, any stocks you buy with
margin funds are subject to shorting, and
chances are good Wall Street will short
those stocks held in margin accounts.

Wall Street routinely raids margin accounts
for shares to short, at your loss and at
their profit.

Cash accounts, you are denied funds for
three days but your shares cannot be
used for shorting.

Another point of view is Wall Street, which
include offshore interests, are so unethical
and so crooked, cash flow is questionable.

As usual, private investors both foot the
bill and are penalized for what Wall Street
and their coherts do.