OT: Google announced a 20 for 1 split
bidask
Posts: 14,017 ✭✭✭✭✭
Wowee !
Think I may have to sell some after it rallies another 10% and buy some precious metals !
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
0
Comments
might have to move some money around for this one...
does nothing to the value of your holdings. Simply brings the per share price down by proportionately increasing the number of shares.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Theoretically yes but I doubt it !
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Lowers the entry point for new investors. Brings more money in play.
Split is not a reason by itself to buy or sell a stock. It's simply a repricing mechanism that has no affect on the value of the stock or the company that issued it. Many companies choose a split to keep their stock price out of the clouds, Warren Buffet chooses not to.
A stock split typically follows a successful rise in stock price. To many it indicates a good time to sell.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I’ve owned google since it traded in the 500’s
Are you suggesting I sell
It now ?!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
No, I just thought you should be aware, if you were not already, that the split has no affect on the value of your holdings. It's mostly optics. It does mean however that the FED will have to buy 20 times as many shares to keep the jig going. lol
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Well the stock is already up over 9% in the aftermarket now …. So somebodies like the news .
Do you think it will reach up 10% tomorrow from today’s close ?
Slam dunk I do ….
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Goog also reported earnings tonight
they likely timed the split with the earnings news for an optics double whammy, and it worked!
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Mathematically irrelevant, yes, but it usually draws in smaller buyers, who drive the stock even higher. Nice move GOOG.
Dave
Didn't GE do the reverse? How has that worked out
A 20 for 1 stock split DOES make a BIG difference.
Just ask option traders.
Option traders are Applauding the 20 for 1 stock split…
The Probability that GOOG would be put in the DJIA just Increased.
It had ZERO chance of being put in the DJIA before the split.
Just like AMZN has ZERO chance of being put in the DJIA without a stock split…
Buy soap. Wash your mouth out.
id rather that the a reverse split (sometimes )
I don't follow that stock. What was it at pre-split?
2750 when it was announced
I give away money. I collect money.
I don’t love money . I do love the Lord God.
After Apple split a few years ago, there was a minor bump before it pulled back, now its well above its post split price. Psychology of a lower price in play.
I'm ashamed at myself, I wasn't aware actual 'value' had any relevance to pricing in this market.
$3005 a share the day they announced the split. Today $2608, about $400 cheaper to buy. Google went IPO at $97 almost 20 years ago. One oz of gold could have bought 5 shares of Google. Great return on investment.
I'm ashamed at myself, I wasn't aware actual 'value' had any relevance to pricing in this market.
Lol, you mean it does?
I knew it would happen.