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Tony,
You need to check with the broker. If you were stopped out the order
might be on the pre split so you sold with a due bill. You sell again
and you may find yourself short. Just because a stock starts trading
at the split price doesn't mean the shares are in your account post
split.
Jimmy
Wednesday, December 1, 2004, 12:29:37 PM, you wrote:
T> Hello Tony,
T> Wednesday, December 1, 2004, 5:25:36 PM, you wrote:
T>> Hello omega-list,
T>> Yesterday I had some SYMC stocks with a stoploss set.
T>> Today the stock has split.
T>> The price halved and the number doubled.
T>> All fine so far.
T>> But the stop was not halved.
T>> So the stop was hit and half my position sold.
T>> Are things supposed to work that way?
T> I want to add that the stops where sent to my broker (IB) before
T> market close and not held on my PC.
T> And that happens on a day SYMC makes a nice move :)
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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