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Reg T Question

zebbers said: "I think I understand, but I want to double check. I read the legalese in the NASD manual but I figured its just as well to ask here. An account will be restricted if you sell a stock that was bought with unsettled funds. So...let's say I sold a stock on Feb 28th with a settlement date of Mar 3rd. I bought new stock on March 1st with a settlement date of Mar 6th. I can sell that new stock on Mar 3rd without a problem because, even though my purchase settlement date hasnt been reached - the purchase has been settled from the funds from the previous stock sale. Right?"

thezster said: "It's late and I had a bit of wine with dinner - but if I'm reading your dates properly - you are correct..."

BenHouston said: "lol zester...its funny I've come to the superior investor forum completely tanked before and I was going to post but then I decided I didnt want to make an ass of myself lol"

thezster said: "Ahh, what's a little "ass time" between friends?? :D"

zebbers said: "whoa! not in my thread boys ;) dirty!"

glock35ipsc said: "[QUOTE=thezster]Ahh, what's a little "ass time" between friends?? :D[/QUOTE] Hmmmm, maybe I [i]shouldn't[/i] stop by your rehab house...... :eek:"

bubagumpshrimp said: "maybe thezster is out of rolaids and needs something else to get him fealing better about a recent trade :p just a joke Z ;)"

thezster said: "Okay, okay,,, nuff already.... One lousy slip-up and they descend like a pack of starving wolves...."