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Spread bet hypothetical question

neris · 2011-05-15 21:29:51

Friday of last week Citi group did a reverse stock split of 10 -1. The share price was readjusted to reflect the new shares. shares closed about $4.50 friday and teh new price was about $45 last monday so about $40 difference. If you have placed a spread bet friday at €1 would you have been well up by Monday or would the…

15-05-2011 9:29pm

#1

neris

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Friday of last week Citi group did a reverse stock split of 10 -1. The share price was readjusted to reflect the new shares. shares closed about $4.50 friday and teh new price was about $45 last monday so about $40 difference. If you have placed a spread bet friday at €1 would you have been well up by Monday or would the sb firm just readjust the prices in reflection of the change in shares?

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Comments

#2 16-05-2011 9:17am

strmin

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There is no free lunch here. Of course the price would be adjusted accordingly.

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#3 16-05-2011 8:24pm

OfflerCrocGod

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neris, please don't trade.

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