Wednesday, August 11, 2010

In a 5-1 stock split, how is the value determined as I'm waiting for the shares to clear?

So now that my stock is going through a 5-1 split, there is no value in my Etrade account. I was told that it normally takes 1-2 weeks for the new shares to be reflected in my account. What happens during this time when I wait, as the stock goes up or down?In a 5-1 stock split, how is the value determined as I'm waiting for the shares to clear?
So.... if you had 100 shares... you now have 500 shares.





Put the symbol in the quote box..... and multiply the result by 500.





Taking 1-5 weeks for the shares to reflect in your account is further proof that E*Trade is truly a mediocre broker (unless it's some stupid penny stock)....... Heavily traded shares always show in the account (any broker I've used) the day of the split.





Hopefully you have a stop on the equity. If not... call E*Trade %26amp; insist on it.





You may want to learn more of the basics of trading before you gamble with more of your hard earned money.... it will help you from making serious mistakes (some will cost you money %26amp; you'll never know it)..............In a 5-1 stock split, how is the value determined as I'm waiting for the shares to clear?
it's based on the price the day of the split - not sure ';when'; during that day - if stock goes up after that day - you benefit - if it goes down, you lose money same as any other time

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