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Re: goob83 post# 5797

Wednesday, 09/22/2010 9:28:58 AM

Wednesday, September 22, 2010 9:28:58 AM

Post# of 19371
your ascertain concerning action after the split is incorrect imo..."massive selloffs" after splits are not a sure thing, sometimes just the contrary. In a good forward split play, there is often good buying pressure when it hits the daily list and right up to market close the day before the split. In this scenario there is often a gap up. Unlike presently, we are largely unnoticed. With prs and hitting the daily list, we'll get noticed more and as is the case with some good splits, there could be consistent buying pressure after the split. This isnt just a split for the sake of it. Its a situation where increased liquidity is needed to have a valid flowing market, and where the security had a recent aquisition with a co. with revenue and is profitable. Also most people wont have their shares immediately from their brokerages, it can take some time, this will lesson potentially selling right away. So....can it tank after the split, well, sure, anythings possible, but in this nice situation we have here, its also possible that it does very well after. ALL IMO