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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: saju chacko who wrote (5270)	5/31/1999 5:59:00 PM
From: Optmaster	Read Replies (1) \| Respond to of 8218

I can't believe the topic is when to buy after split. You people need to understand that splits are just "fluff", like making change for a dollars. Let's do the math: .5 (price of stock) * 2 (number of shares outstanding) =1. So we are back to 1 or where we started. While on a short term basis, splits seem to inflate stock price, on a longer term basis, it doesn't take long for the price to readjust and get back to the previous trend, whether that be up or down. Frankly, a rather easy play (which worked with IBM) has been to buy puts the day before the split becomes effective, and sell them the next day. IBM was down over 5 the day after. Sorry to be a realist. Just trying to help.