InvestorsHub Logo

tolk1

01/07/14 5:46 PM

#10123 RE: gmatt600 #10122

you should, I can via e*trade, choose which shares you wish to share. They key here is the money you used to buy the second 100 shares was cash, if the money used is from a previous sale that has not reached it' settlement date then you are not able to sell this 2nd 100 until the settlement date, meaning you would have sold the first 100 and in doing so lost the split

TraderGash

01/07/14 6:11 PM

#10127 RE: gmatt600 #10122

It really doesn't matter which shares were which. Think of each share that existed as of the record date as having a voucher "good for one dividend" attached to it. So you got a voucher on the record date for the shares you owned then, and you got a voucher today when you bought shares, and then had the voucher taken away when you sold the shares. If FINRA does not approve the dividend your voucher is worthless.

ospreyeye

01/07/14 8:30 PM

#10139 RE: gmatt600 #10122

Make sure you specify what lot.......the 1st 100 shares can be sold separately form the 2nd 100........break the lots down and be sure to sell the correct one........$$