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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Cleo who wrote (978)	1/20/1999 10:13:00 PM
From: B. A. Marlow	Respond to of 28311

No difference, Cleo. You can buy a stock right up to the day before a split is effective and you will still get the stock dividend. Sometimes, if the effective date is some weeks away (doesn't apply here), the post-split shares will start trading (on a "when-issued" basis) before the split is effective. (Thus, a new buyer of shares can consider either the pre-split or post-split "flavor." With "when-issued" shares, there is generally a small price premium vs. pre-split shares.) Often, a split announcement produces a buying surge followed by a bit of a retracement. Then, as the effective date of a split approaches, the pre-split shares can be bid up again. Upon the issuance of the actual stock dividend (split), there can then be a mild sell-off. This pattern is by no means universal, however, and can be overtaken by other factors and events. BAM