hey

Last post 05-23-2008 9:54 AM by wm6787. 7 replies.
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  • 05-17-2008 10:27 AM

    hey

    I bought CPSL and it came up as restricted fund so im thinking im supposed to cancel that???

    also i bought a bit more google and came up as restricted

    so whats up with that? 

  • 05-17-2008 10:38 AM In reply to

    Re: hey

    Since it is Saturday, and the market is closed, I think that when you place a trade when the market is closed, it sets aside the money needed to make that trade the next day in the restricted funds column.  It is just set aside to make the trade for you when you market opens again.

  • 05-17-2008 10:51 AM In reply to

    Re: hey

     ah thank you for telling me its saturday

    hahahaha

    I didn't realize until you told me

    In short

    I'm an idiot who should get his days straight

     

    Thanks :] 

  • 05-17-2008 6:58 PM In reply to

    Re: hey

    I'm new at this too and came up with similar restrictions since I bought the stock when the market was closed.

  • 05-18-2008 6:26 PM In reply to

    Re: hey

    If you have cash and buying power you can place trades on the weekends it will just put it in the restricted funds and you WONT see the cash or buying power change so keep an eye on restricted as you buy on weekends

  • 05-21-2008 8:37 PM In reply to

    Re: hey

     If you have excess cash and you don't know what to do with it on the weekends, just send it to me. I need a new boat.

  • 05-21-2008 11:34 PM In reply to

    Re: hey

    majik13:

     If you have excess cash and you don't know what to do with it on the weekends, just send it to me. I need a new boat.

    Good one, majik13!!

    LOL!!

    Seriously, Belovedlife, when you set up your trade, you got a message in your confirmation saying that the market was closed when your order was received.  Then if time gets away from you, you have a reminder to check the clock and/or callendar.  LOL!

    GOOD LUCK and HAPPY TRADING!

     

  • 05-23-2008 9:54 AM In reply to

    Re: hey

    there is only a certain number of stocks, when the magic number comes near they restict them.  it can be a pain.

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