stock splits
Bought John Deere on 11/23/07, settlement date 11/28/07. Just found out stock is splitting 2:1 to owners of record as of 11/26. Guess I missed out. Shares will be issued Monday, 12/3. Question is, my shares will be worth 1/2 after split and I'm going to lose about $85 a share. If I put in a market order to sell the stock at opening bell on 12/3, what will shares be worth? Current price or half? I don't know the time of day the split will be effective and when the stock will be worth half. HELP!!! Can I beat the loss by putting in a sell order now?
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