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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Wyätt Gwyön who wrote (83314)	4/20/2007 10:02:23 AM
From: ridingycurve	Read Replies (1) of 206326

>>if you buy on Monday, the trade settles on Thursday.<< Yes, the trade settles on Thursday, but I believe it's at the close of business. I don't think the funds from intervening sales are available until Friday. I would be very interested in your broker's take. There is a solution to the problem of a broker designating the last block of a security purchased as being the the one sold. The broker should be called the day of the sale with a request for a "date versus" (or is it "trade versus date"?) the earlier purchase. At least that's what I could do with Waterhouse. I have never done it in an IRA, but have in margin accounts where there were long term gains in some shares but not in others. Otherwise Waterhouse would consider the most recently purchased shares as being the ones sold.

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