Forum Archive Index - August 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

That's correct Arkadii - but you get the difference (or have to pay the
difference if the shares go down) whenever you sell within the three days -
you could sell ten minutes after you buy, for instance.

This is called "trading on credit" - check if your broker allows this - some
don't.

Best Regards,

Benjamin Dutton

----- Original Message -----
From: "Arkadii Slinko" <a.slinko@auckland.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, August 05, 2000 11:15 AM
Subject: Re: [sharechat] T + 3


> Do I understand it correctly that if I am selling on the day 3, then (if
> I make a profit of course), the broker is happy to give me the
> difference minus brokerage?
>
> Very interesting.
>
> AS
>
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