Re: [CANSLIM] Stock Splits

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Stock Splits
Date: Fri, 22 Mar 2002 08:01:49 -0700

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Simple eh.  Thanks.

On 22 Mar 2002 at 9:45, Tom Worley wrote:

> Hi Patrick,
> 
> Record date, whether for a stock split or a dividend payment, is simply the
> date when the Transfer Agent (who maintains the books on share ownership)
> will close the books. Payments then will go on that basis. So if you sold on
> April 15, your account will get the split, which you will then owe to
> whomever you sold the shares to. Easiest way to tell if you are entitled to
> split shares if by the price, if you buy/sell at the old price, then the
> shares are yours. If the transaction price is post split, then you are not
> entitled.
> 
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Patrick Wahl" <pjwahl@attbi.com>
> To: <canslim@lists.xmission.com>
> Sent: Friday, March 22, 2002 9:38 AM
> Subject: [CANSLIM] Stock Splits
> 
> 
> 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?
> 
> 
> 
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