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To: stock bull who wrote (52973)7/22/1998 12:01:00 AM
From: SecularBull  Read Replies (1) | Respond to of 176387
 
Stock Bull, aren't you leaving something out about Meredith's comments? Sounds like 1/2 the story again....

LoD



To: stock bull who wrote (52973)7/22/1998 9:55:00 AM
From: Tweaker  Read Replies (1) | Respond to of 176387
 
>>you'll get 2 shares of stock for every share you own.<<

There is a lot of confusion about stock splits because of the way they are talked about. You went on to explain what you meant, but the above sentence sounds like you get 2 shares for every share you own making 3.

Ericy said it was giving a stock bonus. Others call it a stock dividend. "Bonus" and "dividend" sound like you are receiving something of material value above what you alread have.

Level 3 called it a 1:1 split. Is this different from a 2:1 split?

You would think in the high level world of finance they would come up with a standard way of reporting these things.

Phil



To: stock bull who wrote (52973)7/30/1998 2:24:00 PM
From: AmericanVoter  Read Replies (4) | Respond to of 176387
 
stock bull, thanks for your answer...
I have another question, about options, I am holding August 105 and 120 call options, I read somewhere that as the expiration day approaches, the value drops... so, if one is expecting a split announcement, when would be a good time to close the position...good price anytime or with earnings report which leaves only two days to expiration...

Also, if I want to switch to the September options, would my best criterion be the price of the option or how many days are left for the option to expire to close what I have and open September positions...

thanks again for your input