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Non-Tech : Wit Capital - The way of the future?
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To: Kaliico who wrote (853)3/24/1999 10:52:00 PM
From: eDollar.com  Read Replies (1) of 16809
 
What if I had 3000 $ in my account and I get a share worth 100 IPO value od $21 today. It has not settled by the next day. Do i still get some other IPO the next day or the computer thinks I have only 900 left and will deny it to me?

If you wire it takes 3-4 days to show up in the account. This is from the first hand experience of mine is that you will be rejected shares unless it is posted on your account. So if you wire $100 of funds 2morrow for, asy ATBL, even though wit will receive it immediately, they will reject it as it will be posted 2-4 days later. I wonder if the accounting people sleep on their jobs at wit. very inefficient people indeed.
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