QuantVal by CarmaAdvisory

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ashridharani

#1

7/20/2015 8:55 AM

Good Morning,

I'm just wondering how to handle the Ebay spin-off of Paypal. Your limit order for Ebay is based on pre-spin off price. Based on "when-issue" price of Friday Close, Ebay is worth about 42% of its value from Friday's Close. Do I need to adjust the shares and the order price by that 42% or not even enter the order, as the order price was for a combined entity, which no longer exists today? Please advice.

Regards,
Anish
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CarmaAdvisory

#2

7/20/2015 8:59 AM

Hi Anish, I want to delete the order to avoid problems. Sorry for the missed communication.

Reagrds,

Alessandro
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ashridharani

#3

7/20/2015 9:12 AM

Hi Alessandro,

No problems.

Regards,
Anish
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Eugene

#4

7/20/2015 9:36 AM

The order has been cancelled.
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CarmaAdvisory

#5

7/20/2015 9:38 AM

Thank you very much Eugene
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