Go to Jeff Salisbury LWGate Home Page.From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: [CANSLIM] Stock Splits
Date: Fri, 22 Mar 2002 07:38:44 -0700
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Have a question about splits, I know they always work out, so sort of idle curiosity, but is someone feels like undertaking an explanation, it would be nice to clear this up. Here is the note on the AMAT stock split - "Applied Materials rallied 65 cents to $52.67. The chip equipment maker set a two-for-one split effective Apr. 16 for shareholders of record on Apr. 1. The company also held an analyst meeting Thursday. UBS Warburg's Byron Walker said the company opened the meeting by saying Spring was around the corner for the industry and the capital equipment recovery was in progress." I know if I buy AMAT on say April 15, if that is a market day, I will get the stock split the next day, curious why they always mention shareholders of record on a certain day, in this case April 1? - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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