Dell's Daytraders Decision Site Message Board

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Technology Stocks : Dell's Daytraders Decision Site

DELL 120.60

+1.8%

Jan 9 9:30 AM EST

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To: Larry who wrote (246)	7/18/1997 3:41:00 PM
From: Pices	of 1124

Larry, Reference split. Here is how it works: Announcement Date: Obviously this is the date that the company makes the statement to the public that they are going to split. RECORD DATE: This date is mainly for those stock holders who are going to get a *Dividend Payment* . Not all stocks have a dividend (for example WDC, Dell and MSFT do not give a dividend payment. If it is a stock that gives a dividend (like Intel) then this date is very important. If you are not a stock holder of record on this date, then you do not participate in the dividend payment which is paid on the Payment Date. PAYMENT DATE: This is the only date that counts in the case of Dell. The Payment Date is the day that the stock splits, BUT it does NOT SPLIT until the end of the day .... after the trading day. For example, if the effective split date for Dell is on July 25, you can buy the stock all day on the 25th of July and the next morning when you turn on your computer ... viola! The price of Dell is 50% less but you have twice as many (2:1). I think Waterhouse should be ashamed of themselves if they do not understand this basic information. Pices

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