how far are they from cudeco?, page-69

T3 = essentially when you buy or sell a stock you settle i.e. pay/get paid 3 working days later.

So you can effectively "buy" a stock and then sell it within 3 days and not part with any funds, you pocket or pay the resultant gain/loss over the <3 days that you held the stock.

Short term traders rely on this T3 to trade much larger holdings than they would normally as they don't need the funds (but most likely has a loan/agreement to cover the trade/funding with the broker).

Any stock that has had huge volume gains invariably has a lot of T3 holdings and the medium/long term buyers know this and hold back on volume/price until these has been flushed through the system.

Next week will be interesting.

newbie thomas