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

To: ridingycurve who wrote (83321)	4/20/2007 10:42:44 AM
From: Wyätt Gwyön	Respond to of 206326

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 i already discussed this in an earlier post. absolutely you can do versus purchase sales in a taxable acct. however, i have had borkers deny me this privilege for IRAs, because there are no tax consequences to the sale! so if you have 999 settled shares and only 1 unsettled share, any sale and subsequent buy before the sale settles will result in a violation, and the borker does not allow any sales specification that would circumvent this problem. that is why i gave the example of Catch 22...