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Sunday, May 28, 2017 11:03:26 AM
Concerning the wash rule. "Substantially identical" means: a stock trading on a different market representing the same assets. Example, arbitraging an American ADR on the OTC who's source stock trades in Luxembourg. Fannie and Freddie do not represent the same assets. They are two completely opposite companies. The wash rule does not apply by trading one for the other.
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