SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Siebel Systems (SEBL) - strong buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: prakash who wrote (1281)3/16/1998 4:50:00 PM
From: Melissa McAuliffe  Read Replies (2) of 6974
 
Ok..here's the answer. I spoke with Fidelity since their Spartan brokers appear to be much more knowledgeable than those at DLJ. The payable date is the key. The ex-date is really insignificant for purposes of a split and is simply something the SEC requires and it is not necessarily the day after the split.. It is used primarily in the case of dividends. The stock splits at the close on the payable date. So in this case it will open on Monday morning at the split adjusted price. Regardless of WHAT the ex-date is, anyone can sell their shares or options as of the day the stock splits, Monday in this case. Though if you traded online you would have to call your broker since the new shares or options will not be reflected in your account. Actually this answered my original question this morning which simply had to do with when the stock starts trading at the split adjusted price. I'm glad I asked because I was wrong in thinking it was Friday.
Melissa
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News