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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: T. Peirce Baker who wrote (4789)	4/13/2000 8:43:00 PM
From: steve goldman	Respond to of 4969

If you are a shareholder on record date, the split shares will be delivered to your account in due time. Stock thereafter if it doesnt refelct the split trade with due bills, that is, bills that say you are owed the split when it is paid. either way, you can be sure you should not be able to easily make any mistakes buying new stock after the split the real difficulty is if you have a X:Y split if your clearing firm does not reflect the split on the screen even thought it is not paid for quite some time. this way you only see 100 shares when infact given the split, the 100 should hae become 200. thus you have to estimate the split quantity and that is what you hae to sell if you want to sell the position. for a period, you will be short/negative the shares you sold basedon the impending delivery of split shares. -steve