Not every shareholder has a clue, we who HAVE a
clue must try to be patient with those who are
verifiably clueless(we were all clueless at some point in
our investing careers). You see every public company
who splits adds that little part about "Shareholders
of record....blah blah blah" on purpose as a little
insider joke on the clueless; we must also giggle and
just try to patiently explain (without using the words
"moron" "clueless" "Scroll back" and "lazy") that no
matter when you buy your SPLS stock( or SPLS options)
you will get whatever the fair value of SPLS is at
that moment, and it is not going to miraculously lose
value post split if you don't buy it before the of
Just be thankful you don't own DELL,
talk about a BB that is full of the startelingly
clueless! I have never seen so much drivel about splits,
asked so redundantly, in my life!
the Asian stores<VBG>? That's their
achilles heel right now, SPLS was just lucky enough not to
expose themselves to that market.
lead over SPLS in Eu? It's great for ODP's
shareholders that they are finally looking for potential in
the Eu market(which still has a pulse) vs.
Japan(Which has been seen as a negative(!!) by the street).
Wouldn't want to be a day late and a dollar
....a European chain of Office Products
superstores (with 70 stores, 60 in the UK) called Office
World, thus (when you consider the Euro platform VKNG
gave ODP) accelerating ODP's lead over SPLS in
SPLS will counter by buying CEXP - which is located in
many European markets - soon though.
You will get the dividend as long as you own the
stock prior to the split date. No one, I REPEAT NO ONE,
would buy one share of stock that is 45 dollars on 1/19
knowing that the same share would be 30 dollars in 10
days. The record date you mentioned is simply the date
for CASH divididends, NOT stock dividends.
bought 100 shares of Dell 1 day before the last split.
My account was fully adjusted the day of the split
-- no problem.
If the stock splits prior to
opening 1/29, if you bought 100 shares at 45 bucks at
3:59 on 1/28, you'd have 150 shares valued at 30/share
at 0930 on 1/29. Got it?
I just read your message about the
record date (SPLS), and i'm confused now, cuz according
to this (Record date: The date on which a
shareholder must own a company's stock to be entitled to
receive a dividend.) which is one of the glossary terms
at this site
(http://www.cnbc.com/tickerguide/termin.html), and according to this, nobody will be entitled to
receive the dividend except those who bought it at any
time before the closing of Jan. 18th. so, please tell
me what do u think about it.
SPLS has a tendency to announce a split well in
advance of the actual split date. This lends itself well
to a breather period about half way to the actual
split date. You can see that before SPLS LAST split, it
actually dipped BELOW it's 50 day MA, and indeed even
dipped below what it selling BEFORE they announce the
split in the first place.
IMO, it is a very healthy
thing for SPLS to do a little consolidating pre-split,
since it was trading at a price to earnings of around
80, which is far and above both it's growth rate, AND
it's historically supportable PE. I would not be
surprised to see it trading much higher(possibly touching
it's recent high of 48 and higher) the closer we get
to the split and then take another brief breather
post split and then run up again in advance of
For anyone interested in the technical
definitions of calls/puts
please try this
Shorting a stock works like this: OK, If you think AMZN is
going to go down to 100 soon, you can borrow someone
else's shares and then promise to sell them to someone
else for 120(Meaning you've shorted AMZN at 120) so
when AMZN hit's 100, you buy(cover) AMZN for 100 bucks
and then sell them for 120. The reason it's done is
that you don't have to actually own AMZN stock to
short AMZN, and it's one way you can make money if the
stock is in a delcine(which was important over the
summer and the market was so weak). The reason it's very
risky is because if AMZN immeadiately goes to 160, you
STILL have to sell those borrowed shares for 120, so
you have to cover at 160 and then sell it for 120,
incurring a big loss. And that's one of the reason the
internet stocks are so high right now; people keep
shorting them based on valuation and then if they start to
go up all of the shorts have to rush in and
cover(buy up the stock) so the prices get totally out of
control because their seems to be an inexaustable supply
of shorts out there,lol. One book I liked about the
market was called "Stock Market WIzard". But I am sure
if you use an online brokerage they may have some
educational material you can read about alternatives to just
buying stock outright.
One really good way to hedge
your own stock is to sell covered calls, if you want a
discription about how that works, you can email your
brokerage and ask them or email me(Rachmiov@home.com), I
can give you a brief synopsis of how that works.
you said that if you own 1000 shares after the
split you will own 50 percent more making it 1500
shares. i used the formula 3 times 1000 divided by
you said that if the stock was 45 @ the closing of
the day before the split, then the price would be 30
dollars on the opening the next day,is the formula
reverse $45 divided by 3 =$15, times 2 =$30?