Replies to post #4235 on Mattu's Tax Loss Picks (MATTY)

[fung_derf]

Troy, not true. Brokers would like nothing more than one day settlement, and it will be so soon. It used to be 7 day, accounting for the mail, but they have lessened it. In fact, the opposite is true, the brokerage wants the money just as soon as possible, but allows the three days for people who still need to send in a check.

[BullNBear52]

Troy, I haven't had a problem selling and buying something else same day. The rule mainly applies to daytrading one stock intraday.

As for the settlement, They can settle EOD.