Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: bargainman who wrote (8499)	5/24/1999 11:18:00 AM
From: Bretsky	Respond to of 19700

You receive double the shares of any purchases before the split.

To: bargainman who wrote (8499)	5/24/1999 12:08:00 PM
From: Jerry Miller	Respond to of 19700

"Question -- CMGI split was "recorded" 5/13 and is effective 5/27. That means that you must have owned shares as of 5/13 to participated in the split. Yes?" not exactly... the "record date" doesn't have much application anymore. in the days before all this was done electronically, people held shares in their own name, and their purchases had to be on "record" by a certain date, to get their split shares mailed to them on time. the "effective date, or "date payable", is the last day the stock trades before the shares outstanding, and the stock price are adjusted for the split. but today most shares are held in the street name (your broker), so the only date that really much matters anymore is the "Ex-date": the day the shares will actually begin trading at the split price. you can buy shares or derivatives right up to the closing bell in the session immediately prior to the "ex-date", and still participate in any split, on any stock.