Why would a stocks price surge after such news? Are there that muh dumb money, even in the stock market? I have never seen domething like this, I would be interested to know the SMI and availability of locates, lol.
You are viewing a single comment's thread from:
It is actually common practice.
The $1700 price tag is just too much for many people so having something that is about 1/10th the price tends to bring in more people.
I recall when Apple did a 7 for 1 split...it went crazy for a while. Many jump on the bandwagon thinking that they now have 91 shares for each one before....hence that a dollar move will pay them 95 times.
Serious thinking makes one realize that stocks tend to move in percentages and a ten percent gain (or loss) will trigger the algorithms regardless of price.
I expect a pullback in this over the next few days.
Can you imagine ! Yes, smart money will hammer this one, lol !