| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
I saw in yesterdays Boston Globe that Cabletron is splitting 2� for 1
next month, for shareholders of record on August 19th. Has anyone been
following them lately? Any opinions?
Kevin
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 756.1 | Long term | MR2MI1::BMORRISON | Thu Aug 11 1994 10:56 | 8 | |
I bought Cabletron about 2 years ago at $60 and just sold about
3 months ago at $112. It was one of the best stocks I ever had.
You have to have a long term focus on this stock because it
can fluctuate so much. It's up 10 one day and down 15 the next.
I think I would watch it for a while before I would dip into
it again. S&P is ranking it a buy.
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| 756.2 | ZENDIA::SCHOTT | Fri Aug 12 1994 10:23 | 3 | ||
Since they announced a split, how does that work? Can you buy
shares today and still participate in the split? or would
you buying shares today at the split price?
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| 756.3 | The answer is... | ODIXIE::SEERNANI | Tue Aug 16 1994 16:48 | 15 | |
re: .-1
The answer is yes. As long as you are a stock holder as of 8/19 you
will be part of the split. Beware though, the stock usually goes down
a tad bit right after a split. I did this with Home Depot, hoping to
take advantage of the split and not having to pay additional commission
for the shares I acquired as part of the split. In this case, I could
have bought the post-split number of shares and after paying commission
on all the shares, I would have still saved some money, had I waited to
buy after the split. Microsoft on the other hand split 2 for 1 not too
long ago and has been rising since then.
Hope this helps.
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