RE:RE:RE:RE:RE:What I like fabdaq2021 wrote: Have to admit that my last buy at 117 was totally based on the fact I believed a stock split was imminent. The share float here is ridiculously low. Does anyone here think they actually take this company private? I mean a low float is awesome - tightly held shares drives the price up but this float is so low and they keep buying back shares as well. Just wondering...........
Stock splits are unnecessary on a $125 stock. It's a fact small floats go up quicker (and fall quicker) than bloated floats. Even sell offs are more orderly as big holders will think twice before dumping. Now, a crash such as lasty March is different, taht was brokers selling everything at any price to fund margin.
Large stock splits usually mark a top for a stock. See Dollarama. CCL did a massive 5:1 stock split at over $325, the float increased 5 times and that was the top for the stock shortly thereafter and the stock has not seen that price since, 4 years out. Priot to that CCL went up unabated for almost 10 years. Furthermore, shorts tend to stay away from low float stocks. You saw what can happen (GME). NO to stock splits.