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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (83314)	4/20/2007 10:02:23 AM
From: ridingycurve	Read Replies (1) \| Respond to 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.

To: Wyätt Gwyön who wrote (83314)	4/20/2007 12:09:14 PM
From: upanddown	Read Replies (1) \| Respond to of 206326

Wyatt/ridinycurve You guys have me confused here. I know I have done numerous repurchases with unsettled funds in my year+ with Fido. I had one trading violation (no penalty) but I thought it was for a sell/buy/sell combination in which both the buy and the second sell used unsettled funds from the first sell. I'm going to a seminar next Wed (Demystifying Bond Selection for your Portfolio) and I will ask my Private Access guy for a clear definition of a trading violation. Here's another question I have. Let's say you buy a income investment like a CD or short-term treasuries. Is there a couple of days of transaction processing both at the beginning and end of the investment where you are receiving no interest on the funds? If so, I think that has to be factored into whether the investment makes sense since the spreads between cash and short-term income stuff are so narrow right now. One thing I liked about transferring funds to the institutional MMF was that it took place overnight with no apparent gap. John