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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (678)	9/17/1998 8:47:00 PM
From: RBM	Respond to of 1637

Cav, its called settlement date, and I believe that is the way it works, however BB's can be very different then that, each company has different qualifications, however it is easiest said that you can just go sell it somewhere else more convienient once you have the cert. Rob

To: Cavalry who wrote (678)	9/17/1998 8:56:00 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to 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