It has the same affect if the two brokerage houses have different clearing houses. If the same then it is merely an electronic transfer. At Least this is from my experience. P2bAAAT & DSAS "NO OWN - NO SELL" Petition: <A HREF="http://www.petitiononline.com/NoShorts/petition.html" target="_new">http://www.petitiononline.com/NoShorts/petition.html</A> Proud To Be An American Against Terrorism & Its Propaganda! :=) Gary Swancey