When you buy a share, it takes 3 days for the money to be taken from your account. Just as if you sell it takes 3 days for the money to be credited into your account.
If you sell before those 3 days elapse you wouldn't have paid a cent yet you owned the right to the profit or the loss over those 1-3 days. It is risky but can work a treat when announcements are pending or a significant bullish signal in a sector emerges (eg a big uranium price rise).
- Forums
- ASX - By Stock
- AGS
- thats the gap covered
thats the gap covered, page-5
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)