Who cares about a split?Hi Gus,
To split or not to split, that is the question! What would
Sheakespere say? LOL.
Splits are usually made to keep the stock in an affordable range for
their target stockholders. I don't think they are targeting the blue
collar investor.
Keeping the stock price high will decrease the wide swings (some days
it was as high as 10%) that we have made so much money on over the
last several months reducing the volatility and appealing to the
institutional investor. The higher price also creates a different
image of the company.
A split plays into my style for this investment, but I'm not
optimistic that it will happen.
The price is currently $18.20, up $0.65 so far. We are almost at the
point of high resistance and ready for a correction. My finger is on
the trigger.