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To: TTOSBT who wrote (149935)12/28/1999 2:28:00 PM
From: GVTucker  Read Replies (2) | Respond to of 176387
 
TTOSBT, RE: I assumed that today is last day funds can buy to claim the winners and/or sell the losers to get rid of them to dress up their windows so to speak. Am I correct?

Not correct.

A mutual fund could buy a stock at 12:59 on New Year's Eve and still reflect that trade on its year end statement as long as the trade was done on a same-day settlement basis. Not easy to do for an individual, but simple for an institution like a mutual fund.



To: TTOSBT who wrote (149935)12/28/1999 3:43:00 PM
From: OLDTRADER  Read Replies (1) | Respond to of 176387
 
RE:TTOSBT-Seems as if trade date is the date for IRS report and that MF's can manipulate by next-day or maybe now -same -day settlements-it's kinda of passing me by there constant "technological/exchange/NASD salacious type alterations" to the rules over the past few years.You need a program!Best wbm


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