Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Lord Smooth who wrote (6701)	1/27/1999 5:54:00 PM
From: HRAKA	Read Replies (1) \| Respond to of 122087

Smoothie, What Mamma Bear meant was - If you have shares in your possession (ie.- certifiacte) you can sell thru your broker with the agreement that within 3 days you will endorse that certificate and the broker will take possession of your shares. Hraka

To: Lord Smooth who wrote (6701)	1/27/1999 6:02:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 122087

Lord Smooth, many brokerages allow one to sell stocks that are not in the account. My Waterhouse account is one, and I understand this is common at many full service brokers. Some folks keep their shares in safe deposit boxes. The shares must be delivered by settlement. I can also make a trade and deliver the money before settlement. Of course margin interest is accruing in the meantime. Datek does not allow any of this. It would have been an abuse of a nice privilege, and probably illegal to have done so. But it was tempting indeed. Barb