sold all my sbl, page-5

Hanrahan, I think that it'd be a good idea if you read the following more carefully, it's already been posted here recently;

"Ex-entitlement - XE first displays for a security from the morning of the Ex-Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ITS does not carry the right to securities in the entitlement issue. For more information refer to the description of Cum Entitlement. All orders are purged at the end of the trading day prior to the security being quoted on an XE basis."

The shares were Ex-Rights Entitlement at the start of trading on 15/9/2009, what's so hard to understand, do you think that the sp bid dropped on that morning by around 30% for no reason?


Stagman