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Strategies & Market Trends : Arbitrage Plays
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To: Wallace Rivers who wrote (119)12/8/1999 10:43:00 AM
From: Daniel Chisholm   of 376
 
As an another example, SSI. Let's say you purchase the day before the stock ceased to trade. In other words, you were trying to scalp 1/8 of a point or thereabouts. But you don't become of record until a couple of days after the stock ceases to trade, and probably about the time the cash is paid out. How was this handled?

Perhaps a "due bill" is attached to the shares, like the way stock splits are handled between the "record date" and the "distribution date"? I don't know this, it's just my guess of one way that it could be done....

- Daniel
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