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Hello Jimmy,
Wednesday, December 1, 2004, 7:35:18 PM, you wrote:
I'm not sure I fully understand what you mean....
J> Tony,
J> You need to check with the broker.
I will do that for sure.
I just was looking for some info to have a 'stronger case'
J> If you were stopped out the order might be on the pre split
You mean I was stopped out before the split?
No because the execution price is an after split price.
Even when I double that price it's well above the stop.
J> so you sold with a due bill. You sell again
J> and you may find yourself short.
I'm still long. But with half the value
If I add up the sold value and open value no money is lost.
It's just that miss out on todays gains.
J> Just because a stock starts trading
J> at the split price doesn't mean the shares are in your account post
J> split.
I don't understand that.
Splits are forced upon us/me; so how can I have none split prices on
my account?
I never had this at hand before but always assumed that with a split
everything was recalculated. Price/number of stocks/stops/targets/etc
If not I would have be forced to either close my position or cancel my
stops.
I come home when the markets are open for a few hours. So not having a
stop isn't very wise.
J> Jimmy
J> 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,
Tony
Do not play a leap frog with a unicorn.
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