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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (2734)	1/5/1999 5:01:00 PM
From: Kip518	Read Replies (1) \| Respond to of 122087

In addition I understand that the dividend is based on when the stock was purchased. I think to get under the deadline you had to have purchased it by 12/31. If this is true then the people who bought today will be in sad shape. Gersh, stock splits don't work that way. When you buy the stock you get the seller's rights. So if the seller had the right to the split (i.e. owned the stock on the record date 12/31) and you buy them on January 4, for example, you get the split. The record date is essentially meaningless for shareholders. It's the date shares trade as split that matters.