T+3 trading on public holidays

[matan100]

Hey all just a quick question about commsec and offset trading.
It says if I buy shares now and sell some at T+1, I won't have to outlay money as the trades offset each other (assuming no profit or loss).

Just wondering how this works over the xmas break. So if I buy shares today, can I sell shares on Tuesday (the next business day) and still qualify, or would I have to sell them today to make sure.

Thanks

 

[Sir Osisofliver]

Hey all just a quick question about commsec and offset trading.
It says if I buy shares now and sell some at T+1, I won't have to outlay money as the trades offset each other (assuming no profit or loss).

Just wondering how this works over the xmas break. So if I buy shares today, can I sell shares on Tuesday (the next business day) and still qualify, or would I have to sell them today to make sure.

Thanks

http://www.asx.com.au/about/operational/trading_calendar/asx/2009.htm

Settlement is on the right hand side

Cheers

Sir O

 

[Ardyne]

Slightly off topic but be aware of trading halts etc when doing this type of thing.