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Strategies & Market Trends : Trader J's Inner Circle
NVDA 170.92-3.7%Dec 17 3:59 PM EST

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To: Trader J who wrote (9139)2/17/1999 7:58:00 PM
From: Joseph Lee  Read Replies (3) of 56535
 
Trader J: I have a couple questions on splits? I bought QLGC at 130 last week waiting for the Feb. 22 "2-1 split".

1. Do the MM's drop the price of a stock to 50% from the previous days close,(2-1 split) the day of the split? If so, is this automatic in each case? Is the price drop due to a sell off or to regulations that on a 2 for 1 split there must be a 50% drop?

2. Is there a strategy for making money in splits?

3. Should I even be looking a company's that have announced splits?

Thank you Trader J!

Joseph Lee Pereira
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