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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: HG who wrote (1031)1/3/1999 5:24:00 PM
From: Sowbug  Read Replies (2) | Respond to of 41369
 
In fact I'm told calls split the same way - haven't held a call long enough to experience it myself.

Yes, they usually do, though there are two different ways it happens, depending on the kind of split (see <https://www.siliconinvestor.com/readmsg.aspx?msgid=6871350>).

Let me put my "challenge" a different way: Can anyone explain to me why press releases announcing splits always tell us the record date and the distribution date? Is it just to strike fear into the hearts of novice investors?



To: HG who wrote (1031)1/3/1999 5:41:00 PM
From: sam  Read Replies (2) | Respond to of 41369
 
I will be purchasing some shares of AOL tomorrow -- probably to trade. FWIW, this is what I plan to do. If AOL opens in the 140s I will buy at the open -- or upon some sustained early selling. If it opens above 155, I will wait for the inevitable bout of selling to occur. Hoping to get my mid to high 140s price. If it opens above 160 and runs -- I'll look elsewhere. I will buy half my position in the morning. And I will wait to see what plays out before I buy the other half. If the market tanks -- and AOL is brought down with it -- I'll sell and then buy back in when I see sustained buying in some of the other big cap tech stocks. Could be later in the week. At the latest, next week. We should all get a better idea of how this will all play out at about 8:30 in the morning. If I can get a price in the 130s or lower I will be very happy. This said, the purchase of Netscape shares is probably a better longer term investment. And if I decide to keep shares I will likely be buying them under the symbol NSCP.