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To: voodooist who wrote (27471)	12/24/2000 11:52:41 AM
From: chartseer	Read Replies (1) \| Respond to of 53068

Thanks for the correction. As a former stock exchange employee I can testify to the settlement date as the date for tax purposes. You may notice cash sales on the NYSE tape during the last three days of the year. That is not to say cash sales do not take place other times of the year but they are much more prevalent the last three days of the year. These cash sales usually at a premium or a discount depending on which side of the trade needs the cash sale, are so the settlement date will the same day as the trade date for tax purposes. You as an individual may be using the trade date but corporations, floor traders, specialist, investment firms, and mutual funds use the settlement date. It does affect the volumn of selling on the exchanges. then again what the heck do I know I have not been on the floor in the past 16 years? chartseer