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brock_templeman 2 posts  |  Last Activity: Jun 29, 2014 11:58 PM Member since: Apr 28, 2011
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    Strategy for tomorrow...help!

    by brock_templeman Jun 29, 2014 11:41 PM
    brock_templeman brock_templeman Jun 29, 2014 11:58 PM Flag

    I was planning to buy MNKD shares with funds acquired from the sale of a stock tomorrow. I took this from Scottrade:

    "For example, if you sell a security on Monday the 1st, you can use the proceeds to make a purchase prior to the settlement date of Thursday the 4th. However, if you make a purchase before Thursday the 4th then sell that new position before the settlement of Monday's sale, you will then be required to deposit funds to pay for the purchase. If you purchase on Thursday the 4th, you may place a sell at anytime you wish, since the purchase was made with settled funds."

  • brock_templeman by brock_templeman Jun 29, 2014 11:41 PM Flag

    I was wanting opinions on the following strategy:

    Selling some of my other stocks and immediately buying MNKD shares either pre-market or in the morning pullback before it runs through the afternoon. However, if I do this, I will have to wait 3 days for the trade to settle before I could sell my new MNKD shares.

    Is this too risky or are we pretty much guaranteed to run higher as the week progresses? Thoughts on price targets are welcomed! I'd just like to add to my MNKD stash!

    Thanks in advance!

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