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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (13077)	8/20/1999 1:34:00 PM
From: Evolution	Respond to of 16892

A question for everyone about Datek, which I believe is of interest for many: Is there a way with Datek to sell a specific block of shares, for instance: Bought 100 sh of X at 83 on Feb-7 Bought 100 sh of X at 151 on Apr-25 Today, stock X is at 95. For tax purpose, I want to realize the loss on the second block of 100 shares at 151, while I want to keep the first block at 83. With a regular broker, I can call and specific exactly what shares I want to sell, if necessary by specifying what they call the CUSIP number of the original transaction. How can I do that with Datek? A few months back I called Datek and tried to explain this simple thing, and the guy didn't even understand what I was talking about, like he never heard of such a thing. Apparently, all shares are pooled together and therefore the rule that applies with the IRS, I believe, is that the older shares are sold first (FIFO rule). Is there a way around regarding the IRS, so that they would accept that my intention was indeed to sell the second block of shares? If there is noway around, then would you know of any other online brokers who don't have this problem? Thanks Disclaimer: Stock X is purely fictional. Any resemblance with any existing Internet stock is purely coincidental :-)