SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cavalry who wrote (678)9/17/1998 8:56:00 PM
From: EL KABONG!!!  Read Replies (2) of 1637
 
Cavalry,

You can sell stock not in account, but you have three days to get the cert's back to the brokerage firm you sold them through.

It depends upon your brokerage and your relationship with the broker. If they don't know you from Adam, no brokerage is going to sell what they don't know you do or don't have. If you do have an account with them, and enough equity in the account to cover the sale (in the event of a "problem"), they might let you sell. And one my of my brokerages (Olde) does allow 3 days to deliver the certificates. If your purpose in having the certificates is to prevent those shares from being used by shorts, you can avoid that problem simply by having a cash account rather than a margin account. At least that's what I've been told by a number of folks more knowledgeable than me.

KJC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News