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SWS Group, AŞ Message Board

  • FirstOfApril FirstOfApril Jun 17, 1999 9:50 PM Flag

    here are trading volume numbers

    U.S. Volume at Nasdaq electronic
    stock market
    declined to 942 million shares a day in May, down 17
    percent from 1.1
    billion shares in April. And trading
    volumes in June, 847 million shares a day so far, herald
    another
    month-over-month decline

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    • There are a few reasons for stock dividends (I
      realize it is actually a 11:10 split but industry
      standard language is that it is called a dividend if it is
      less than 25%).

      One reason is that market
      ineficiency is more likely to overlook a 11:10 than a 2:1.
      Theory says that the price should fall 10% the day after
      the split. My experience with small splits differs.


      Another reason, and a more likely reason, is the
      methodical nature of stock dividends. Many investors like
      predictability in their holdings. SWS has a history of annual
      10% stock dividends.

      Sotck splits and large
      stock dividends are generally used after a sharp price
      run up, when a large price reduction is sought. Small
      stock dividends are occasionally used on a regular
      annual basis to keep the stock price more or less
      contrained. For example, if a firm's earnings and dividends
      are growing at about 10% per year, the price would
      tend to go up at about that same rate, and the price
      would soon be outside the desired trading range. For
      this company, a 10% stock dividend would maintain the
      stock price within the optimal trading
      range.

      Also, do not fail to overlook that this is also
      essentially a 10% increase in the cash dividend. With the
      actual cash dividend per share remaining the same, you
      will receive 10% more in total cash dividend after the
      stock dividend. This is an important point to not be
      overlooked.

      Hope this helps some.

    • I have not researched SWS's outstanding shares,
      float or treasury holdings, but chances are is that SWS
      does not have enough shares in treasury stock to offer
      a 2 for 1 stock split at this time. They will
      probably have some form of share issuance on the proxy
      statement at the next shareholders meeting for approval.
      Then if the stock moves up maybe you'll see a 2 for 1
      split as well. Time will tell.

      Steve

    • the purpose of this 11:10 split? I understand (I
      think) why you'd have a 2:1, in order to make the price
      more reasonable looking to the average investor. But
      an 11:10 can't make the price look much different.
      Why not at least a 3:1? Thanks.

    • Oh, what has the board come too? We put up with
      so much trash postings from the shorts trying to
      stampeed us off our shares now we get the chain letter.
      Hmmmmm, if I sent a dollar to......

      No, I am going
      to sit on my 417 shares of SWS and watch it grow
      into something really nice.

    • READING THIS COULD CHANGE YOUR LIFE!
      I found
      this on a bulletin board and decided to try it. A
      little while back, I was browsing through
      newsgroups,just like you are now, and came across an article
      similar to this that said you could make thousands of
      dollars within weeks with only an initial investment of
      $6.00! So I thought, "Yeah right, this must be
      a
      scam", but like most of us, I was curious, so I kept
      reading. Anyway, it said that you send $1.00 to each of
      the 6 names and address stated in the article. You
      then place your own name and address in the bottom of
      the list at #6, and post the article in at least 200
      newsgroups. I figured: "what have I got to lose except 6
      stamps and $6.00, right?" Then I invested the measly
      $6.00.Well GUESS WHAT!!...within 7 days, I started getting
      money in the mail! I was shocked! I figured it would
      end soon, but the money just kept coming in. In my
      first week, I made about $25.00. By the end of the
      second week I had made a total of over 1,000.00! In the
      third week I had over $10,000.00 and it's still
      growing. This is now my fourth week and I have made a
      total of just over $42,000.00 and it's still coming in
      rapidly. PLEASE
      NOTE: Follow these directions EXACTLY,
      and $50,000 or more can be yours in 20 to 60 days.You
      will now become part of the Mail Order business. In
      this business your product is not solid and tangible,
      it's a service. You are in the business of developing
      Mailing Lists. Many large corporations are happy to pay
      big bucks for quality lists. However, the money made
      from the mailing lists is secondary to the income
      which is made from people like you and me asking to be
      included in that list. Here are the 4 easy steps to
      success:STEP 1: Get 6 separate pieces of paper and
      write
      the following on each piece of paper "PLEASE PUT ME
      ON YOUR MAILING LIST."Now get 6 US $1.00 bills and
      place ONE inside EACH of the 6 pieces of paper so the
      bill will not be seen through the envelope.Next, place
      one paper in each of the 6 envelopes and
      seal
      them, MAKE SURE THAT THERE ARE ENOUGH STAMPS ON YOUR
      ENVELOPES. You should now have 6 sealed envelopes, each with
      a piece of paper stating the above phrase, your
      name and address, and a $1.00 bill.Like most of us I
      was a little skeptical and a little worried about the
      legal aspects of it all. So I checked
      it out with
      the U.S. Post Office (1-800-725-2161) and they
      confirmed that it is indeed legal! Mail the 6 envelopes to
      the following addresses:
      #1)Barry Turner, 419
      Community Drive, Roseville,
      CA 95678 USA #2)Larry
      Hensley, Rt 1 box 172,
      Bridgewater, VA 22812 #3)Austin
      Bren, 104 Stone Street,
      Walla Walla, WA. 99362 USA
      #4)A Scire, Box 303 RR3,
      Drums, PA 18222 USA
      #5)K.Lavigne, 40 Onwatin Lake
      Rd, Hanmer, Ontario,CANADA #6)
      H Henderson, 3950 A Riviera Drive, San Diego, CA
      92109. Now take the #1 name off the list that you see
      above, move
      the other names up (6 becomes 5, 5
      becomes 4, etc...) and add YOUR Name as number 6 on the
      list.
      STEP 3: Change anything you need to, but try to keep
      this article as close to original as possible.
      Now,post your amended article to at least 200
      newsgroups.The more you post,the more money you make!NOTE: You
      may want to retain every name and address sent
      to
      you, either on a computer or hard copy and keep the
      notes people send you. This VERIFIES that you are truly
      providing a service. So, as each post is downloaded and the
      directions carefully followed, six members will be
      reimbursed for their participation as a List Developer with
      one dollar each. Your name will move up the list
      geometrically so that when your name reaches the #1 position
      you will be receiving thousands of dollars in CASH!!!
      What an opportunity for only $6.00 ($1.00 for each of
      the first six people listed above) Send it now, add
      your own name to the list and you're in business! You
      will begin receiving money from
      around the world
      within days! GO FOR IT!

    • I looked at the link saw interest messages only.
      Reviewing time and sales data for today shows only one
      institutional size trade avove 10,000 shares. It was at 3:49:26
      for 11,500 shares at 57 7/8. Bid/ask at the time was
      57 1/4 x 57 15/16. So that was probably more
      instututional buying as has been the case the last couple
      months.

    • So what else is new? Being unrecognized and
      therefore so outrageously undervalued is why I personally
      bought SWS in the first place. It had a brief run there
      on NITE/Internet/OLB hype (and perhaps takeover
      rumors), so it's not completely off the map. "Hot"
      momentum money has gone elsewhere (telecoms,
      semiconductors, cellular, etc.etc). I say we have to be patient
      nad keep perspective. we're up 150% YTD. I was a
      little late, so am up "only" 20% in two months. That's
      120% annualized! Patience, longs. The next earnings
      report shuld give us a nice pop, just like thelast one
      did (37 to 47, if I recall). SWS is a longterm play
      that may take a year or two to get to that $100+
      nirvana we know is there. As long as the company
      fundamentals hold up, the market will come to us. IMHO.

    • It looks like there are two blocks of 40K and
      one
      Block of 20K sell off by institutions. Can any
      body
      explain what is going on? Is there any negative
      news?

      http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page

    • on line trading is being sent out to customers
      soon. As a SWS customer, I look forward to trying it
      out. However, I do not know without trying it whether
      it will be a significant improvement or not. I have
      noticed I get really fast trades with SWS and quick
      confirmations. AMTD seems much slower about confirming a trade,
      but I have had good service with AMTd also.

      To
      me long means months to years, not weeks, so I do
      not expect too much in a short period of time. Maybe
      SWS is dead money, but I still hold for long.

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