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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (6275)	3/24/1999 2:24:00 AM
From: ALTERN8	Read Replies (1) \| Respond to of 9068

As far as splits go, you can buy the stock the day it splits 2 for 1, e.g. Thursday and on Friday you will have double the shares (not double your portfolio value). The record date is nothing but a formality or maybe it affects Institutional buyers somehow. I've bought stocks this way just to ride the split several times. Basically don't worry about the record date (the same rule applies for dividends) but just worry about the pay date. So now you may ask yourself why don't people just buy a whole lot of a stock that pays a dividend right before the pay date just for the dividend interest? Well some do, but you have to play it right because most stocks correct in price right before or right after the dividend to reflect the dividend payment, Your broker may be able to explain this better to you, but anyway, if you buy CTXS on Thursday, on Friday you will have double the shares, because it splits after the close on Thursday. Maybe this record date is another way to have some investors hold on to it longer if they don't know any better. Hope this was some help.