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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (17232)3/7/1999 12:52:00 AM
From: taxman  Read Replies (1) | Respond to of 74651
 
"Yes, Jim, Mr. Softee will split 2:1 on 3/26."

will the new split stock start trading on march 10, 1999 based on the following post from the yahoo microsoft board?

regards.

You will receive a Stock Dividend on March 26th ...
by: WonderWoman_2OOO (28/F) 64454 of 64487
Shareholders will receive one additional common share for every share held on the record date of March 12, 1999.

So you must have the stock in your account by March 12th.

If it works the same way as a cash dividend, you must buy the stock three days before the record date. Meaning, you must buy it by Tuesday, March 9th. I'm long so I don't buy at the last minute. I suggest you buy before the surge in price prior to that date, or wait for a dip after the split --- if one materializes.

Here's the announcement URL:

microsoft.com

Happy Trading ! ... WW2K

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Posted: Mar 6 1999 4:56PM EST as a reply to: Msg 64434 by traderrobb