There are a couple of high-flying stocks which have been rocketing higher lately, largely because of looming stock splits. Indeed, they both split on the same day, August 31st. One of them is Apple (NASDAQ:)………
And, even more extreme, Tesla (NASDAQ:):
I’m not sure what logic people are applying, thinking that the splitting of a stock means it’ll just keep going higher in perpetuity. I don’t think Tesla has split before, but Apple has a few times. Allow me to share a couple of examples of former Apple stock splits. I have marked them with a circled “S”, such as here:
……….and this one………….
My point is that I think these people are being utterly goofy. The split guarantees zilch.
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