Can I sell unsettled stocks?

[Stucks]

Hi All,
I'm new to this forum and sort of new to stocks trading as well. I recently placed a order on my stockbroker's website to buy some shares.6 days ago I received a confirmation email saying that the order has been executed and those recently purchased shares do show up on my portfolio. However, on my accounts page I have an amount as "unsettled stock order" which is equal to the amount I used to buy those shares. I understand that it does take a few day(typically 3 days) for a purchase order to settle and in this case, for whatever reason, it seems to have taken longer.

My question is: can I sell those stock during these days, before the order is settled?

Thanks

 

[ROE]

Hi All,
I'm new to this forum and sort of new to stocks trading as well. I recently placed a order on my stockbroker's website to buy some shares.6 days ago I received a confirmation email saying that the order has been executed and those recently purchased shares do show up on my portfolio. However, on my accounts page I have an amount as "unsettled stock order" which is equal to the amount I used to buy those shares. I understand that it does take a few day(typically 3 days) for a purchase order to settle and in this case, for whatever reason, it seems to have taken longer.

My question is: can I sell those stock during these days, before the order is settled?

Thanks

you can sell as soon as you buy, you has access to the stock but dont own it until it settle.
hmm why is it taken longer than T+3 ? fire off an email to asx clearing house and settlement
and ask is there any reason why stocks cant be settle in T+3

 

[Stucks]

Thanks for the quick reply. I will send them an email.

 

[Logique]

Might be that you aren't yet a CHESS sponsored client with your broker? This can cause delays.