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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (17785)	5/7/1999 12:58:00 PM
From: James Williams	Read Replies (1) \| Respond to of 18056

Hi all, I've got a general trading-newbie question, that I hope someone can quickly answer for me. A stock, ABOV for example is splitting today, and shareholders of record of 4/13/99 will recieve 1 share for each they own. If I bought on 4/20/99, will I recieve the impact of the price split, but not the bonus of the share of stock? I.E. losing half my investment in a day? As well, what does it take to be a shareholder of record? EGRP is splitting, and today is the cutoff date for the 4/21 split. Does buying it today make you eligible automatically? Yeah, I'm a bit confused, and these trading waters can be dangerous for a newbie, who hopes to buy ABOV today to take advantage of the split.