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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Kurt N who wrote (354)5/23/1998 12:57:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 4142
 
Settlement date is not the point if you bought the stock at 3:59 and it is in your account on May 29, 1998 you are a shareholder of record if a cash account is what it was purchased in
.
However the settlement date may only be correct if you buy on margin. I don't think you techinically own it.

Margin players I believe are the except. But I do not know. But I will find out.

GB



To: Kurt N who wrote (354)5/23/1998 2:03:00 PM
From: Dusty  Respond to of 4142
 
Kurt, JMO so take it for what it is worth. But, Anyone who waits till May 29 to purchase MIDLP could be too late. The settlement date (with cash in account) is the day following the actual purchase. Or at least this is the way it has been explained to me. I could be in error, but why take any chances;unless of course you are awaiting funds to transfer?

I hope you make it :o)

Dusty :o)


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